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In the News

Potholes ahead for UK car dealers?

Graham Watson

19th December 2022

Here is an example of change in action with an article looking at the future for car dealerships, suggesting that new models of buying cars and the banning of new petrol and diesel car sales from 2030, meaning that staff will require retaining, and, in all probability, there will be fewer of them. An applied example perhaps of structural unemployment caused by occupational immobility?

Furthermore, instead of making an average profit of 7% per car, the dealerships are being squeezed by car manufacturers, with some - notably Audi and DS - looking to set-up their own directly-owned showrooms.

However, existing dealers are confident that there is a still going to be a place for them in any future market.

Data Background:

As of October 2022, most used vehicles available at dealerships across the United Kingdom were petrol vehicles, comprising 54.2 percent of the inventory. The share of available diesel used cars, while decreasing year-over-year, remained above 40 percent.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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