The current landscape presents many challenges for motor retail businesses and our experts can assist you to ensure you are best placed to face these challenges head on.
The economic, regulatory and political landscape has created challenges across the motor retail sector in recent months. There are increasing tax burdens, profitability pressures, supply issues and now the immediate and long-term impacts of coronavirus to manage.
Meanwhile, developments in the use of data, changing consumer expectations and environmental targets are also driving rapid change across the sector.
In this fast-changing environment, how can the sector discover and exploit opportunities for growth? How can businesses continue to meet increasing regulatory requirements while also maintaining profitability?
Our motor retail team
RSM’s team of motor experts will support you in overcoming these challenges and maximising the opportunities. Our team provides coordinated, practical and proactive advice to help you develop strategies for growth, to build value, and enhance shareholder returns.
The team regularly hosts motor specific events that include updates on the current market, changes to industry regulations and risks, insights from automotive guest speakers and networking opportunities.
The Society of Motor Manufacturers and Traders
We are members of the Society of Motor Manufacturers and Traders (SMMT). Our membership enables us to remain in touch with the issues that are most affecting motor businesses whether that be tackling emissions and improving air quality, developing new technologies, addressing the skills shortage or ensuring that the vehicles on our roads are as safe as possible.To watch our latest webinar with SMMT around the impact that coronavirus is having on the automotive industry please click here and fill in your details.
RSM works closely with Gallagher Automotive, which provides specialist insurance to vehicle and motorcycle dealerships covering property, road risks, liability, cyber and legal expenses.