Our blog on the latest issues affecting the automotive sector
2017 acquisition activity in the retail automotive sector
February 13, 2018
2017 was an interesting year for transactions in the motor retail sector, with deal flows starting to show signs of moderation following several years of intense activity. In a series of blogs over the coming weeks, we will share some of our key findings on the 2017 market as well as our prospects for 2018.
When is a van a car? Coca-Cola goes head to head with HMRC to decide the matter
February 7, 2018
For many decades HMRC and car manufacturers have played cat and mouse over the taxation of company vehicles when used privately by individuals. In fact it would not be an exaggeration to say that ever-tightening tax rules have contributed greatly to the design and development of motor vehicles...
Is time up for the traditional company car?
February 6, 2018
One of the most significant costs within a dealership are those of running the vehicle fleet. Associated with that, of course, are the taxation consequences for both employees and employers.
The future of the automotive retail dealer
January 31, 2018
In recent weeks there has been a real stir regarding the outlook for automotive retailing and the future of dealer networks. This on the back of regular press headlines regarding diesel vehicles, electric vehicles and autonomous vehicles has certainly created some significant uncertainty...
The importance of fraud risk assessments in dealerships
January 29, 2018
Last month saw the sentencing for fraud of an accountant who had worked for Evans Halshaw in the North East of England. Now, you would expect a business the size of Evans Halshaw to operate with a high level control environment...
Reality check on new car registrations
January 19, 2018
Since the turn of the century average registration numbers are around 2.35 million, so 2017 and predictions for 2018 and 19 are still well ahead of that long term average.
The continuing squeeze on company car drivers
January 15, 2018
According to the Office for National Statistics (ONS) there has been a gradual decline in the number of company car drivers over recent years. In 2007/08 there were around 1.07 million drivers – which had reduced to approximately 960,000 by 2015/16.
SMMT reports on 2017 and looks forward to the year ahead
January 5, 2018
Diesel car sales fell rapidly in December, following the November announcement of an April 2018 tax increase for cars that don’t meet strict emissions standards. The decline in diesel registrations is obviously a large contributing factor to the year’s decline in new registrations.
Which method of automotive finance is best?
December 20, 2017
According to the Society of Motor Manufacturers and Traders, about 80 per cent of new cars in the UK are now sold on PCP contracts