Dealerships will fall under Inchcape Retail, while additional customer services will be called Inchcape Personal Finance. A new business called Inchcape Vehicle Sourcing is also being launched, which will focus on procurement and disposal of the firm's cars, although it will seek new business from the fleet market in future. Brian Back, managing director of MEVC remains in place, while Inchcape Fleet Solutions will be headed up by director Terry Bartlett, formerly director of Kenning Leaseline.
A spokesman for the firm said the businesses would still continue to work closely together, but added: 'To facilitate the focus on the key competencies in MEVC and Kenning Leaseline, Inchcape UK has decided to give each business the freedom to develop separately. Over the next six months, Inchcape is embarking on a branding programme to further strengthen its name in the UK.'
In February 1999, MEVC merged its fleet leasing operations with Kenning Leaseline to operate solely under the MEVC banner, with the aim of streamlining operations.