The changing face of the motor
industry

Average director now younger – and more likely to be a
woman
 
 
 
Data company Experian has found
that, on average, bosses in the UK motor industry are getting
younger.
 “54 per cent of all directors in the sector are now under the
age of 50, compared to 49 per cent last year,” Experian said. The
age category which saw the greatest year-on-year growth was
directors aged up to 29 years old, which increased by 53 per cent.
By contrast, every age group above 55 years saw its numbers
fall.

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 The number of women who are directors of automotive
businesses also rose 3 per cent to over 12,000, making up 19 per
cent of all directors in this sector. However, women directors are
much older on average than their male counterparts, with the
greatest concentration of female directors in the 60-69 age
bracket.

 “Further analysis of the data has found that those businesses
that have female directors are more likely to be classed as low
risk to trade with. 

“Conversely, there is a greater chance of men holding director
positions within companies that have been classed as high-risk
businesses to deal with and also a greater likelihood of men
holding director positions within companies that are making a
loss,” Experian said.

The companies with female directors tend to have smaller turnovers
and employ fewer staff on average; men still dominate the
directorship posts within companies with turnover greater than
£5.6m and more than 50 employees.

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Kirk Fletcher, managing director of Experian’s Automotive division
said: “The automotive landscape has traditionally been dominated by
older men and although the situation is generally still the same,
this latest analysis suggests that changes are taking place.”