Rising employees prices are the issue most definitely to negatively have an effect on enterprise in 2025, in line with 40% of sellers.
Starline analysis revealed that sellers are additionally anxious about larger prices for stocking (38%), premises (38%), compliance (34%) and automobile preparation (33%).
Paul Burgess, CEO at Startline Motor Finance, mentioned: “Whereas stress for pay rises might be lessening, the rise in employer Nationwide Insurance coverage introduced within the Finances is little question a fear for a lot of.
“Seeing concerns over stocking, premises, compliance and preparation costs is perhaps not a surprise but it is noteworthy that dealers believe that they will continue to face ongoing rises in these areas at a time when inflation has fallen back to much lower levels than we have seen in recent years.”
Different points talked about embody falls in automobile gross sales (34%), servicing revenue (21%), finance fee (19%), add-on gross sales (19%), and aftersales revenue (12%).
Confusion over the ZEV Mandate was talked about by 14%.
Burgess mentioned: “It’s fascinating that automobile gross sales are the highest concern in relation to lowered revenue and maybe suggests there’s a diploma of fear over the economic system basically in 2025. Some sellers clearly assume the overall used automotive market may take a flip for the more serious.
“The ZEV Mandate can be on the minds of sellers and we’re hopeful that the present session will present efficient and sensible assist in relation to each new and used electrical automotive gross sales.
“The government says it is in ‘listening mode’ so let’s hope the motor industry’s concerns are being heard.”
