Consumer confidence has weakened and is set to continue to deteriorate further in the coming months. Consumer confidence, as rated in the GfK index, fell to an all-time low of -41 in June 2022,...
Read moreBusiness costs, particularly around energy and wages, have risen sharply, but all the headlines about these being ‘unprecedented’ is nonsense. So says Vertu CEO Robert Forrester, with a reminder...
Read moreSales consultants top a list of fastest-growing wages with salaries going up 20% in a year. Their average salary is now £29k. LCV driver wages have risen 16% and vehicle technicians have risen 11% to...
Read moreWith 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...
Read moreAccording to CV-Library, a UK jobs website, salaries in the UK automotive sector increased by 3.9% between 2014 and 2015, with average pay up from £29,298 to £30,376. The press release was lacking...
Read moreWages are growing faster for service advisers than that for staff in any other retailer role, according to figures compiled by recruitment firm Jobco-op Automotive. The company said the typical...
Read moreThe pay freeze will thaw next year with strong rises after two years of flat or falling earnings, the Sunday Times reports. Goldman Sachs has forecast that wages will rise 4.3%, well above the...
Read moreOver 70% of gross profit in the average franchised dealership is spent on wages and salaries. Hence setting staff pay is crucial to profitability. The other side of this coin is staff turnover,...
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