The motor industry has had a turbulent time in recent years. Both the pandemic and Brexit have left their mark and the sector now faces new challenges, including labour and parts shortages, which it needs to tackle.
This section aims to keep the motor industry up to date on the latest automotive news and provide expert advice and guidance to support successful motor trade risk management, helping motor businesses of all kinds to create a more secure future.
People lie at the heart of the motor industry but finding the right workforce has become an issue. Experienced mechanics and fitters, MOT testers and vehicle recovery drivers are all in short supply, and businesses in these sectors are having to increase wages to attract and retain the right people.
There is also work to be done to encourage more trainees into the industry by improving apprenticeship schemes to secure a more skilled and diverse workforce for the future.
For those in vehicle sales, the landscape is moving at breakneck speed. The boom in demand for second-hand cars means purchasing new, high-quality stock is harder than ever. Brexit has further compounded the problem with a reduction in the supply of replacement parts.
Helping the Motor Industry Navigate a Successful Future
New vehicles are even harder to come by due to the worldwide shortage of parts causing long delays in vehicle production.
Keeping on top of these ever-changing issues and managing the risks are key to the motor industry. Having the right motor trade public liability insurance policies in place, understanding and taking action to control your risks, as well as staying abreast of changing supply issues and making provisions for them, will all help the industry secure a stronger future.
