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Dealerships Face Economic Challenges, but Financial Support Opportunities Abound

March 31, 20231 min read

The automotive retail industry faces a tough year ahead, with challenges such as high energy bills and record inflation.

However, financial support is available to help dealerships strengthen their businesses, according to Alex Wright of am-online.com.

Opportunities include claiming capital allowances, accessing research and development credits, and considering ownership structures for commercial property investments.

Additionally, dealers can review rents and business rates, refinance debts, and take advantage of schemes like the Workplace Charging Scheme for EV retailers.

Focusing on market diversification, product development, and digital transformation will also help dealerships thrive in the current economic climate.

You can read the full article here

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