On 11 January 2024, the FCA announced that it is looking into motor finance complaints for certain types of motor finance sold between 6 April 2014 and 28 January 2021. Analysts are quoted as saying...

Vehicle supply, falling used vehicle values, agency model and squeezed margins are just some of the many items on the minds of motor retailers across the country. Understandably, changes to the UK’s...

2023 has been the year agency agreements started to crystalise. While a few, lower volume, brands and new entrants had already been ploughing an agency furrow, this year saw the first major brands,...

Historically motor dealer groups have always used return on sales as a key metric in their accounts and to gauge how they are trading. Pre-Covid, if you could achieve more than a 2% return on sales,...

We are seeing a new focus for HMRC as it targets motor retailers with a number of ‘nudge’ letters from its National Minimum Wage enforcement teams to ensure retailers are both compliant and...

From the 1 May 2023, HMRC will introduce the new second-hand motor vehicle payment scheme which will be available where a UK VAT registered business moves a second-hand vehicle purchased in Great...

As motor retailers try and predict what will happen to the market over the coming months, they also need to be mindful of what the Chancellor has previously announced as well as what may result from...

In 2021, auto retailers achieved their highest net profit margin in the history of the BDO Motor 150 Report. The Motor 150 group of retailers also surpassed £1bn in pre-tax profits for the first time...

The UK inflation rate is currently 9.4% but the Office for National Statistics estimates this could increase to 11% by the end of 2022. This creates challenges for all businesses as they seek to set...

After the uncertainties through the Covid lockdowns, the automotive retail sector as a whole has been experiencing strong trading conditions of late. We have seen this most clearly in the used car...

With furlough over and the lifeline of the Coronavirus Job Retention Scheme ended, HMRC has now turned its focus, as expected, to the numerous CJRS claims. And the common employment structures in the...

With the Bank of England expecting inflation to hit 7% and the inevitable wage inflation that could follow, motor retailers are facing many of the headwinds impacting the UK economy. This has been...

Effective remuneration packages are key to ensuring dealership goals are achieved through attraction and retention of the best staff, and so enable businesses to sustain competitive advantage and...

Motor retailers have weathered the Covid-19 storm remarkably well so far. This follows a sustained period of decline in new car registrations. In 2021 year to date, registrations are being distorted...

Despite all the questions surrounding the possible move towards agency agreements there are several hard lines surrounding the concept that neither manufacturers nor retailers will be able to cross if...

Deal activity continued in 2020 despite the continuing uncertainty surrounding Covid-19 and the underlying shifts in the sector, albeit at reduced levels. In its latest Motor 150 Report, BDO...

  LSH AUTO LOSSES HIT £18M AHEAD OF PANDEMIC HR OWEN ‘JUST ABOVE BREAKEVEN’ IN 2020 HYUNDAI LAUNCHES BREXIT PRICE PROTECTION 2030 EV RULING TRIGGERS ENQUIRIES LEAP 1 IN 5 US CADILLAC...

Average pay for non-management auto retail staff has fallen for the second year running, from an average of £40k to £39k. Base salaries actually increased 3%, reveals the annual Motor Salary Survey...

  AVERAGE PAY FALLS, FEWER STAFF FORECAST WHAT DID RETAILERS LEARN IN THE FIRST LOCKDOWN? VERTU’S FORRESTER PRESENTS £3k WATCH TO TOP SALESPERSON CHARLES HURST’S McNAB TO RETIRE AUTO RETAIL...

The future of the motor retail sector potentially looks very different, but change will come as an evolutionary response to many and varied market forces rather than as an immediate revolution to the...