They say there are only two certain things in life: death and taxes. There’s not much we can do about death, I’m afraid, and when the Grim Reaper comes calling, you know time is up. But when the tax man comes to call, you also know that it’s likely to cost you a pretty penny at some point.
It seems that good old HMRC (Her Majesty’s Customs and Register) is looking for small areas where tax evasion is widespread; and the news has come out that our beloved tax collector is about to turn his attention to the car trade and the home and foreign market. Of course, the news has not been better received by either of these two economic sectors, who are asking embarrassing questions about why industry giants like Vodafone have been able to reduce their tax bill from £6bn to £1bn, which clearly implies that they feel they are being asked to subsidize the deficit.
Car dealers already feel they are under a lot of financial pressure due to the slowdown in the global economy. New car stocks rose dramatically as sales slowed, creating a glut of new cars on the market, which in turn meant prices fell. Of course, lower prices mean lower profits, so car showroom owners are starting to feel the pressure.
In real terms, the value for money that today’s cars offer to the end user has increased dramatically. So, in an effort to safeguard their slice of the pie, many automakers have upped their game, including more gadgets than ever before in the selling price of a new car. On top of this, special service deals and zero interest financing deals are offered, showing how much pressure there is on the car dealer to increase new vehicle sales.
While running costs remain high and profits dwindle, companies operating within the auto trade look for the best auto trader insurance deals they can bargain with. However, not everything is pessimism. The recession has hit insurance companies too, and right now, if you’re interested in looking online, you can find some pretty good deals.
Auto dealers insurance is, of course, essential for any business operating in this sector of the market. With the great deals now available, auto dealers are beginning to realize that they can achieve a significant reduction in their operating costs if they can get the best value for money deals.
But, of course, you have to be careful, the cheapest does not always mean the best. As with anything in life, the most important thing is quality, because if you don’t have the right quality, whether it’s a new car, a television, or car insurance from the dealers, if it’s not fit for purpose, if does not meet quality expectations, then it is worth nothing. In insurance terms, quality means content.
