2011 has been a rocky ride for motor dealers and the terrain ahead for 2012 looks increasingly bumpy.
New car sales have been challenged throughout 2011 by a depressed eurozone, global inflation, lower disposable incomes, the public sector cuts and the winding down of the Government’s scrappage scheme. Used car sales – which in the early part of the year were seen as a saving grace for the industry – have also seen a recent modest decline.
Our latest survey of motor retailer confidence with AM magazine reveals some compelling insights into the current state of mind of the motor dealer community. Whilst there are several opportunities, we expect a growing number of players to face new or heightened challenges.
Click here to read the results of our motor survey.
To discover how our findings for the motor retail sector compare to the results of our survey of SMEs across all industry sectors, please read Baker Tilly’s Outlook 2012.