cent
Research by Experian,
the global information solutions company, has found that failures
amongst motor traders fell by 18.8 per cent for the third quarter
of 2007, compared to the same period of the year before.
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These figures come from a review of 34 industries in the UK,
which also identified that the number of businesses going bust this
year dropped by an overall 27.2 per cent – the fourth biggest
improvement compared to other business sectors.
But Kirk Fletcher, managing director of Experian’s Automotive
division said: “Although business failures among dealers have
dropped, the reality is that dealers are still finding the market
conditions tough. What needs to be taken into account is the size
of the motor traders that this quarter’s figures actually
include.”
Fletcher added the example of Dixon
Motors’ demise, one of the biggest dealer groups in the UK,
which not only represented one of the biggest casualties the
industry has seen for some time, but also a barometer of where the
industry is.
There is also the case that smaller dealers have merged with
bigger dealers, contributing to the downturn in insolvency.
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