Use Group Existing Stock To Keep Critical Employees
With dealer stock levels dwindling, the availability of vehicles that can be given to employees is restricted to those with limited retail desirability. CBS schemes can be used to reduce the impact of running costs for available stock, creating critical business savings.
Adding a vehicle to a CBS scheme also provides a potential used car margin opportunity and unlocks an opportunity to provide key employees with an enhanced benefit that could be the difference between them choosing to leave your business, or staying.
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Why Are We Faced With The Challenge of Finding Cars For Employees?
Stock Shortages
It’s no secret that the automotive world is currently struggling for stock. The semiconductor and raw material shortage is affecting most manufacturers in terms of stock availability and lead times for factory orders. Car Benefit Solutions (CBS) can help create the right solution for your business and employees, using your existing stock.
Mike Hawes, SMMT Chief Executive:
“September was a desperately disappointing month for the sector with registrations of new cars and vans decreasing by -34.4% and -39.5% respectively. Despite strong demand for new vehicles over recent months, these markets have been stalled by the reduced global availability of semiconductors.
“This is not just a UK issue, with September registrations in Germany, France and Spain also falling by double digits. The root cause of this shortage is, of course, Covid with rising infections in some of the major chip-building markets causing factory stoppages, exacerbating an already difficult supply situation.”
Source: www.smmt.co.uk
