Why operational discipline - not volume growth - will define the winners from here.

For much of the last decade, businesses operated in an environment where capital was cheap, inflation was dormant and operational imperfections could often be hidden by liquidity, momentum and rising valuations. That world is gone.

There’s a consistent pattern in how the largest quoted US automotive retailers operate. Different brands. Different geographies. Different management teams.

A McKinsey report caught my eye this week. The headline was simple: AI is everywhere, but the “agentic organisation” isn’t - yet.

Last year, I wrote From Friction to Flow - the point at which Carcare had moved beyond early product-market fit into real momentum.

March delivered a record moment for the UK car market — the strongest March since 2019 and a post-COVID high.