Financial incentives, not regulatory pressure, are what car buyers believe will finally spark a true retail shift to electric vehicles (EVs), finds JudgeService.
Any hope for government aid and fiscal stimulus package for the electric vehicle (EV) retail market was dashed by the Chancellor's latest announcement in her Spring Statement.
Slashing the VAT charged on new electric vehicles would drive up demand by 15% and put sales closer to the UK Government's targets for zero emission vehicles.
Chancellor Rachel Reeves' Budget on October 30 is an important opportunity for the Government to help UK motorists along the transition to zero emission vehicles, according to the boss of Ford.
Industry leaders at the BVRLA’s recent Fleets in Charge conference have called for action to increase demand in the “stagnating” new electric car retail market.
Sales of new electric cars held their own during the traditionally slow month of February
The forthcoming Spring Budget is a chance for Government to launch measures to boost the industry, focused largely on jump starting market demand for EVs.
Reducing Pendragon's carbon emissions by 5%, increasing female representation in management positions and bringing at least two new OEMs on board are among the three-year targets set for the AM100 dealer group's chief executive Bill Berman and chief financial officer Mark Willis.
BMW has launched the BMW Points scheme, which rewards plug-in hybrid drivers with free charging credits for each electric mile driven.
Heycar has extended its Trade Up cashback scheme for dealers until September.
Heycar will reward car dealers with vouchers for Domino's Pizza, BT Sport and electrical goods as part of its new Lift the Cup sales incentive scheme.
Motivational incentives such as holidays, nights out, office perks or even charity work can pay dividends for car dealers
More UK car dealer groups are trialling product geniuses, higher basic pay or lower bonuses.
The Financial Conduct Authority has published proposals to require dealers to better manage risks of non-compliance in staff's pay and performance management.
Car sales star Wayne Lovick won a trip to attend the World Touring Car Championships in Hungary after racing to Honda's sales charts with the all-new Civic.
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment can lead to assessments for underpaid VAT and the threat of penalties and interest.
Dealers need to tackle the issue of sales commissions and incentives following the pending Financial Conduct Authority (FCA) investigation, dealers will be advised at this year’s AM F&I Compliance Conference next week.
