The UK Chancellor has moved to boost advanced automotive manufacturing and industry apprenticeships as part of the UK’s latest budget review.
With Lookers and Pendragon the subjects of acquisition, the listed UK motor retailer is fast becoming a rarity. Tom Seymour consults the experts
Experts point to some of the structural elements which could help make car dealerships more sustainable in tough economic conditions, from rates reviews and refinancing to tax reliefs.
Warnings of the longest recession on record could signal further market disruption that will turbocharge the motor retail sector’s mergers and acquisitions (M&A) outlook.
Increasing numbers of franchised car retailers are considering exit strategies as economic pressures and uncertainty around agency model retail plunge the sector into a period where uncertainty is now the norm, MHA has suggested.
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
Car retailers have been the target of a “veiled threat” from an overstretched HMRC after the Government body identified the sector as a VAT risk area, MHA has revealed.
Car retail business have been advised to "flex" staff bonuses and salary sacrifice schemes to mitigate against the impact of the cost-of-living crisis as UK inflation continues to soar.
MHA have teamed-up with other automotive sector suppliers to create an EV Alliance and help car retailers and manufacturers transition to a zero emissions future.
The UK Government’s reinstatement of the VAT margin scheme for Northern Ireland’s used car retailers has “cut-off” a logical supply route to the Republic of Ireland.
A post-Brexit VAT issue that will see 20% added to the cost of used cars imported from mainland Britain and sold by car dealers in Northern Ireland is “not going away”, AM has been told.
The strength of the car retail sector’s bounce back recovery from the UK’s full COVID-19 lockdown period could make businesses ineligible for Job Support Scheme (JSS), it is feared.
A new consultancy has been launched by three experienced, senior automotive experts to help dealers and OEMs identify opportunities and develop strategies to improve performance.
Car dealers may wish to concentrate on cash generation after the COVID disruption to trading, but they should have a plan for worst-case scenarios
Businesses need to focus on productivity and skills investment to help the UK power its way out of the global recession caused by the COVID-19 pandemic, says professor Joe Nellis of Cranfield School of Management.
Chancellor of the Exchequer Rishi Sunak is unlikely to support individual businesses like car dealerships with new COVID-19 recovery packages in tomorrow’s “mini budget”, it has been claimed.
Credit card firms could face significant damages claims after the Supreme Court dismissed an appeal by Visa and Mastercard, ruling that fees the companies were charging retailers restrict competition.
Car retail staff will be among the UK employees whose commission-led monthly salaries will be detrimental to their income as “furloughed workers” as part of the Government’s Coronavirus Job Retention Scheme.
MHA MacIntyre Hudson will today host the second in a series of webinars designed to help car dealers adapt and respond to the COVID-19 coronavirus pandemic to minimise the impact on their business.
MHA MacIntyre Hudson is set to host a free webinar to offer guidance and support to car retailers who are battling to make their businesses resilient during the COVID-19 coronavirus lock-down period.
