Bank of England governor Andrew Bailey has said the UK is likely to experience “weak activity over quite a prolonged period” despite optimism prompted by falling inflation and lower energy prices.
FJ Chalke has handed its workforce a total of up to £3,600 in cost-of-living payments as part of a profit-share scheme designed to ease the burden of inflation of its staff.
The automotive sector's 20-year high vacancy rate has led to increased demand and greater salaries, research completed by the Institute of the Motor Industry (IMI) has found.
Chancellor of the Exchequer Jeremy Hunt revealed that electric vehicles (EV) will not be exempt from road tax from 2025 in an Autumn statement which claimed to prioritise “stability, growth and the protection of public services”.
Pentagon Group has become the latest AM100 car retailer to implement Sunday closing at its dealerships, implementing a three-month trial of the new working pattern.
Car retail businesses drove record pay rises in 2022 with bonuses and incentives to management soaring by 70% to deliver average remuneration of £407,000, the latest BDO Salary Survey has revealed.
The automotive sector is braced for the impact of a record 0.75ppt rise in interest rates if the Bank of England acts to curb inflation next week.
Lookers chief people officer Chris Whittaker has voiced fears the cost-of-living crisis affecting the car retail sector’s workforce is “not going to be a short-lived”.
Car retail business have been advised to "flex" staff bonuses and salary sacrifice schemes to mitigate against the impact of the cost-of-living crisis as UK inflation continues to soar.
Pendragon has vowed to formulate new remuneration policy after its shareholders voted 65.5% against its plan to hand over multi-million bonuses to its leadership team.
Mini production could be dealt a further blow after workers at its Oxford manufacturing plant voted to strike over an “inadequate pay offer”.
As the British people face significant increases in the cost of living, the Chancellor Rishi Sunak has delivered tax cuts to fuel and wages in today's Spring Statement to the UK Parliament.
Mercedes-Benz Retail Group (MBRG) has denied issuing its technicians a 13% pay rise to avoid two days of strike action affecting workshops at nine of its dealerships.
Daimler’s Mercedes-Benz Retail Group (MBRG) has been accused of adopting “disgraceful divide and rule tactics" after its technicians voted in favour of a four-day strike over pay.
Marshall Motor Holdings chief executive Daksh Gupta has called for OEMs to accelerate cuts to their franchised networks as part of efforts to solve the retail sector’s staffing crisis.
Car retail’s staffing crisis, a celebration of inspiring automotive women and in-depth insight into the soaring used car market all feature in a packed December edition of Automotive Management (AM) magazine.
BDO’s newly-published 2021 Motor Salary Survey has shown that vehicle technicians were the biggest wage increase winners in 2021 as the sector’s average pay rose 5% to almost £42,000.
Car retailers across the UK are recruiting staff after surviving the the COVID-19 lockdown of dealerships thanks to assistance from the Government’s Coronavirus Job Retention Scheme (CJRS).
A call for “more context” has been issued after Harratts, Marshall Motor Group and Vertu Motors appeared in the HMRC’s ‘name and shame’ list of businesses who failed to pay the National Minimum Wage.
August 16’s change to the UK’s COVID-19 self-isolation rules have helped to ease car retailers staffing headaches as “slack” in the labour market eases concern of significant pay growth.
