Think big, act small to stay competitive
08 February 2016
Its easy to think of the UKs auto retail business as a simple, contained one. The recent news of Group 1s takeover of Spire Automotive is a good illustration of the global village all those trendy business analysts keep talking about. Group 1 is an American company, and the fact that it sees potential in the UK auto retail sector should bolster business confidence. Of course, the latest registration figures show that UK Plc is doing okay, but buying behaviour isnt always predictable.
Still, the prospect of solid investment does wonders for everyones confidence, be that your bank manager or your manufacture contact. If you can weather the next economic storm youll be better placed than your nearest rival. And it doesnt have to be waiting for a big investor to come along, it could be something as simple as bolstering staff training or replacing outdated IT kit. Every little helps, so they say.
Iain Dooley
Editor, Agenda
Auto Retail Network
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