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Motor retailer profits down

Latest Baker Tilly/Company Watch research shows 23% of dealerships saw pre-tax profits fall by 50% or more in last year and one in five dealers cannot pay off their short-term debts and other liabilities.

Automotive

With manufacturers demanding larger volumes and higher retail standards, the motor sector is under ever-increasing pressure.

Customers have more choice as a result of changes to block exemption rules, new manufacturers breaking into the market and an increasing use of the internet for research.

Baker Tilly's specialists advise more than 150 different motor dealers nationally and we have a dedicated team working to drive this sector forward.

Our expert support can help you improve your profits by reviewing your business strategy and managing risk more effectively.

In addition to tax and VAT services, we offer specialist advice on VAT refund claims and capital allowances advice on both new and existing buildings. We also host a series of motor seminars and profit improvement sessions.

These profit improvement sessions help you to establish your goals and create a strategic plan to help you reach your targets.

We also have a multi-disciplinary team across our national Restructuring and Recovery faculty working to provide practical and commercial solutions to dealerships, manufacturers and lenders to the sector.

The team has significant experience of working with the industry to provide a national ‘one-stop shop’ offering.


Related publications

  • Motor Dealer Health Check in association with Automotive Management
    In association with Automotive Management, Baker Tilly Restructuring and Recovery Motor group’s commentary on the current health of and major challenges for the motor retail sector. The research includes the results of online poll questions run in conjunction with AM Online.