Financial management
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Signature Car Sales to close as remote dealerships buckle under tough trading
Another Isle of Man car dealership has announced it is to shut at the end of the month, days after family-owned Mylchreests said it was closing its multi-franchise business after six decades.
Research shows dealership tasks need technology to preserve profitability
Unlocking 'the promise of information technology' is a key factor in improving dealer group profitability over the next five years as macro-economic factors and market competition look set to constrain growth in return on sales.
Dealers call for greater government support amid market uncertainty
The latest outlook survey from the National Franchised Dealers Association (NFDA) reveals widespread pessimism among dealers, reflecting their fears about navigating financial pressures and regulatory changes.
Rising staff costs and vehicle sales woes to impact dealers in 2025, research finds
Research from Startline Motor Finance reveals that rising staff costs are the greatest concern for UK car dealers in 2025, with 40% of dealers identifying this as the factor most likely to negatively affect their business.
EV transition needs policy overhaul amid struggles to compete with China
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.