Car Dealerships
Improving profitability in franchised and independent car dealerships
Purchasing a car, irrespective of whether it is new or used, provides an opportunity for a dealership to acquire a customer and retain their loyalty over a long period of time. Every step of this journey and beyond should leave the customer feeling happy with their experience. Improving profitability and operational efficiency can only be addressed by specialists who understand the operational needs of this sector.
Cartwrights have accumulated experience over many years and understand how franchised and independent car dealerships operate. Our specialist knowledge about the specific accounting and taxation requirements and regulations that affect car dealerships can help owners improve profitability and staff motivation during challenging economic times.
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Latest news from [Company name]
At Autumn Budget 2024, we were promised a consultation on the tax treatment of predevelopment costs. However, following the Court of Appeal’s decision on a recent case, the government is postponing publication of the consultation while it considers the implications of the decision.
Amidst all the news about increased tariffs in the US, the UK government has announced a cut to zero in import tariffs on a range of 89 foreign products.
In a small bit of good news, March’s inflation figures have been released showing a drop to 2.6% from 2.8% in February. The main reason? Lower petrol prices, which has offered some relief for households and businesses alike.
Running a business comes with financial risks, and sometimes, companies struggle to stay afloat. While facing insolvency is undoubtedly stressful, seeking professional help early can prevent serious legal consequences.