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People power will propel car retail businesses to success

People need to continue to grow in order to remain engaged and productive, and companies across the automotive retail sector have to change the way they operate to ensure this happens.

The IMI estimates the UK needs 90,000 technicians trained on EV technology by 2030 to support the industry’s transition, with a shortfall of 35,700 by 2030 predicted. While a large dealer group reports vacancies are running at three times the usual rate.

Skills shortages are a significant brake on growth and impact on profitability through wage inflation.

It is time for a fundamental change to the relationship the industry has with its people. Our Co-founder Matt Thompson explains why there is a clear danger to the sector if it fails to retain existing staff and attract fresh talent over the next few years in this AM article.

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