A leading expert on automotive economics is calling for a comprehensive overhaul of UK policy, including incentives, infrastructure development and a clear industrial strategy to address domestic production woes and accelerate the EV transition.
US and Canadian investors are looking for opportunities in the UK’s automotive retail market and further acquisitions are expected to take place this year.
UK independent dealer Glyn Hopkin Group has been sold to an Employee Ownership Trust (EOT).
As the July 4 General Election approaches, AM examined the contrasting visions from the major political parties on transport and environmental policies.
Having the right partnerships will go a long way to ensure good outcomes for any car dealership. Alex Wright reports
Autotech Group founder Gavin White is to partner with commercial finance broker independent commercial finance broker Activate Business Finance
Car retailers from around the country are facing a series of rapid clean-up operations following the flood damage caused by Storm Babet.
Tackling the cost base has once again been brought into sharp focus for automotive retailers as the UK economy stagnates.
As 1 in 2 car dealers predict their 2022 profits will be down vs 2021 AM's survey finds 1 in 4 have made wage increases above 5% to help staff with living costs
As omnichannel sales, agency fees and low-maintenance electric cars become a norm, it will become imperative for car dealerships to identify new revenue streams.
Coronavirus has driven an uplift in motor finance digital applications this year, but 2021 looks set to bring further effects for dealerships regulated by the Financial Conduct Authority (FCA). Here AM examines three key impacts.
Fully salaried wages may help mitigate motor retail employees’ ‘financial shock’ worries
Dealer groups are increasingly shedding debt and reviewing working capital practices to brace against falling sales and an unpredictable political landscape
Changes to the law on including overtime and commissions in holiday pay will be felt even more sharply on the bottom line as trading conditions toughen
Carmaker says network cull will protect profitability – new contracts will include changes to remuneration policies and standards to reflect online sales trends
Whether through add-ons, dealer-fit extras, or more accurate part-exchange valuations, car dealers need a diverse approach to maximise margins
Doing the simple things right makes a big difference to car dealer profitability and remember: every little helps
The motor retail industry is moving rapidly and it is the car dealers who can keep pace who will win in the long term
When should ‘cost’ be considered ‘investment’? It’s a juggling act for car dealers
Car dealers endure more cash flow volatility than most businesses, but good forecasting, careful stock management and good communication can calm the waters
