Wednesday, November 29, 2006
New report paints bleak dealer picture
British dealers are under increasing pressure in today’s fiercely competitive and saturated automotive market.
According to the latest car dealership report from Ernst & Young, falling new car sales, increased power in favour of manufacturers and sliding margins are all adversely affecting motor retailers.
David Duggins, corporate restructuring partner at Ernst & Young, said: “UK dealers that survive these pressures will be characterised by high levels of management capability, with robust financial information and control systems, and the ability to capitalise on economies of scale.”
DATED: 29.11.06
FEED: MT
According to the latest car dealership report from Ernst & Young, falling new car sales, increased power in favour of manufacturers and sliding margins are all adversely affecting motor retailers.
David Duggins, corporate restructuring partner at Ernst & Young, said: “UK dealers that survive these pressures will be characterised by high levels of management capability, with robust financial information and control systems, and the ability to capitalise on economies of scale.”
DATED: 29.11.06
FEED: MT
