Tough times ahead for car dealers as insolvencies double
Plummeting car sales, heavy discounting of new vehicles and lower levels of servicing work have combined to cause UK franchised dealership insolvencies to double year on year. UK car dealerships – Lessons from the last recession provides a perspective on current and future trends in the market and highlights the different effects on the sector of this economic slowdown and that of the 1990s. Download the report 8.5Mb, November 2009
Lessons from change: the automotive industry
How can automotive executives manage their companies through the recession and position themselves for growth? After interviewing thousands of executives, we identified some overarching themes. From demonstrating operational flexibility to optimizing market reach, we reveal the lessons that could mean the difference between surviving and thriving in the new economic environment.
Contacts
Eric Wallbank UK Automotive Sector Leader +44 [0]20 7951 0352