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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Energy regulator Ofgem has announced a 4% increase in the energy price cap for the period covering 1 October to 31 December 2026. This increase reflects higher wholesale gas prices due to the ongoing conflict in the Middle East, with volatile global gas markets remaining the dominant driver of price changes.
UK businesses are facing a “cost of business crisis”, according to the British Chambers of Commerce (BCC). Its new cost-stack calculator shows government policy alone has pushed up an average firm's expenses by 70% over the past decade, adding roughly £827,000 a year in costs for a typical mid-sized business. About a quarter of the rise stems from the increase in employer National Insurance contributions, with the higher minimum wage and mandatory pension auto-enrolment also major contributors.
Under Making Tax Digital (MTD) for Income Tax, sole traders and landlords with income of more than £50,000 have been required to keep digital records and send quarterly updates to HMRC since 6 April 2026.
The UK jobs market showed fresh signs of strain in the latest labour market figures, published by the Office for National Statistics on 18 August 2026.