The highly competitive landscape of the Irish motor industry has shifted considerably over the last few years, significantly contracting followed by renewed growth and optimism. A large number of motor dealerships went out of business during the recession. Manufacturers and distributors reduced the number of dealers they had and tightened up the standards of service they required. Since 2014 we have seen some growth in consumer spending which has resulted in significant growth in new car and commercial vehicle sales.
There are now renewed opportunities for growth and expansion as our economy recovers and confidence is restored.
In our experience, one of the biggest obstacles motor dealers still face is getting the finance to fund their business. Banks have reduced overdraft funding and many have withdrawn from providing finance for second-hand stocks.
How we can help:
- Management of working capital and financing
- Profit and efficiency
- Tax advice and compliance
- Creating a succession plan
- Our motor industry team
- Our promise
We’re here to help you
We are here to help and share our experience and insight with you. Call us to discuss how we can help you and your business. Please contact Paul Wyse or any member of our team on 01 614 2500.