Glyn Hopkin's employee ownership trust sale marks a shift in how groups are looking at succession planning, argues Alison Ashley, RSM UK head of motor retail.
After Peter Ambrose Peugeot became the UK's first mainstream car dealer to adopt an employee ownership trust (EOT) model, RSM’s head of motor retail Alison Ashley explains why its succession strategy is becoming increasingly popular with automotive business leaders.
Experts point to some of the structural elements which could help make car dealerships more sustainable in tough economic conditions, from rates reviews and refinancing to tax reliefs.
Former Inchcape chief executive James Brearley has told the AM News Show podcast that he was “quite flattered” to be linked with the Marshall Motor Group CEO role formerly held by Daksh Gupta.
RSM has urged car dealers across the UK to prioritise enhanced cyber security in response to increasing concern around the number of cyber-attacks across the sector.
Car retailers have been told that the “clock is ticking” on tax incentives for business customers switching to electric vehicles (EV).
Car dealerships are facing a double whammy of rising overheads and diminishing consumer finances after the Bank of England (BoE) further increased interest rates this month to 1%.
Car retailers driving towards an omnichannel sales journey could be subject to a double-whammy of “complex” new taxation, it has been suggested.
Car retailers could be compelled to turn out the showroom lights and accelerate decarbonisation as energy price rises start to impact margins, AM has been told.
The car retail sector’s well-considered the acceptance of Government’s COVID-19 support have left many businesses on a sound footing to deliver a successful 2021.
Does HMRC’s new VAT policy on the costs of charging electric vehicles (EVs) stack up with the government’s wider environmental goals?
Costly corporate identity upgrades and showroom developments should be pulled forward to take advantage of Rishi Sunak’s ‘super-deduction’ tax relief offer, according to RSM.
A Brexit deal may have been done but with COVID-19 and the electric vehicle (EV) agenda at the heart of car retail’s challenges in 2021, Alison Ashley, RSM’s head of motor retail, has highlighted her key predictions for the years ahead.
Car dealers are being urged to ensure they have maximised available capital allowances resulting from infrastructure investments in a bid to leverage vital tax relief.
An automotive sector social club aiming to give the industry’s female employees an informal place to share ideas, experiences and key contacts is thriving three years after it was founded.
Greenhous Group has acquired £61 million turnover Adams Morey to grow its representation with Fiat vans and Daf Trucks and Ford van servicing.
The long-awaited FCA update on the motor finance industry has sharpened the sector's focus on Difference in Charge (DiC) arrangements that can lead to higher interest rates for consumers.
Alison Ashley, RSM UK’s head of automotive, offers dealers advice on how to cope with the pressures of WLTP and Brexit
Making Tax Digital (MTD) for VAT is being introduced by HMRC next year and presents a huge change for dealers, as HMRC seeks to digitise the administration and collection of tax.
RSM has appointed Mark Morton as a partner to strengthen its automotive sector tax and auditing expertise for OEMs and car retailers.
