Our blog on the latest issues affecting the automotive sector
Investment into the UK car industry collapses
March 1, 2019
Figures collated by the SMMT on investment into the UK car industry show a collapse from an average of around £2.5 billion a year to just under £600m in 2018 as the industry awaits the outcome of Brexit negotiations.
Nissan: when the incentives aren’t enough
February 20, 2019
The market for diesel cars is plummeting, China’s economy is slowing down and the manufacturing industry is losing patience with the Brexit process. Nissan’s change of mind over the X-Trail production site could be a warning sign.
Making allowances: 2019’s promising changes for automotive sector
February 8, 2019
The start of the year ushered in some fairly significant changes to the way tangible fixed assets you acquire are taxed.
Brexit impact on the automotive transaction market?
February 5, 2019
Whilst there is undoubtedly some uncertainty around what the future of the Country and the relationship with the EU, many businesses we have been speaking to are reporting strong, if not record-breaking profits for 2018, and hitting the ground running in 2019.
Electric dreams vs reality
January 30, 2019
Tesla Motors, for many the driving force behind the evolution of electric car technology, announced on Friday that it would cut its workforce by 7% following what it described as its “most challenging” but also “most successful” year.
Company cars: time to review?
January 23, 2019
Cars are, as you would expect, an extremely common benefit provided to employees in the automotive sector and it is important to ensure that they are provided in the best way possible.
Clawing back fuel duty on electric vehicles
November 22, 2018
The government is forecast to collect £28.2 billion in fuel duty and around £5 billion in road tax this financial year, without even taking into account the VAT charged on fuel, and yet those who drive pure-electric cars contribute zero to that figure.
The butterfly has flapped its wings – how a small piece of cheating software could change the map of the world
November 8, 2018
When in 2015 VW confessed that it had installed software in its cars which was designed to falsify emissions test results, the car industry realised that there would be serious consequences. Only now are we starting to appreciate the full extent of the changes that may follow in the scandal’s wake.
The exaggerated impact of the megatrends for the automotive sector
November 5, 2018
The main global megatrends as reported by ICDP are alternative fuels, vehicle autonomy, connected cars, purchase and usage restrictions and transport as a service. When we consider these in relation to the short term and long term impact on the dealership model it is a complex and challenging debate...