IPT Changes – 1st November 2015
UK Insurance Premium Tax (IPT) Rate Change 1st November 2015 With effect from 1st November 2015 the standard rate of UK IPT will increase from 6% to 9.5%. The higher rate of IPT will remain at 20%.
NEWS
MotorTrader Special Focus: Paint Protection
In September’s issue of Motor Trader, AutoProtect were asked to comment on their Special Focus: Paint Protection. Alex Youngs, National Sales Manager Paint Protection, has provided his response below.
‘Mind the GAP’ 10 Point Plan to Mandatory 1st September Change
With the countdown clock ticking towards 1st September, the new ‘65’ plate will be uppermost in the minds of people in dealership across the UK. It is also the date when new processes for the sale of GAP insurance must come into force
UK dealers missing out on over £591m in service revenue
A study by AutoProtect claims dealers are missing out on £591m in service revenue a year. The claim comes as dealers are increasingly facing a squeeze on profit margins.
Why dealer aftersales need greater attention
With dealer margins continuing to face pressure, Jo Selby, National Sales Manager for AutoProtect, comments on the missed opportunities in aftermarket sales.
‘Mind the Gap’ a New Regulatory Approach
On 1st September, the way in which dealers can sell GAP and RTI add on insurance products will change. This is the outcome of changes announced by the FCA on 10th June and dealers will need to act now to prepare for this change.
New service plan set to boost revenue for dealers
AutoProtect has entered the service plan market with the Foresight Service Plan. Early trials of the facility have seen dealers double conversion rates.
Nigel Mansell and Williams Together Again
Two of the iconic names of Formula One have been brought together again as Nigel Mansell, winner of the
MotorTrader Paint Protection Feature June 2015
In this month’s issue of Motor Trader, AutoProtect were asked to comment on their Special Focus: Paint Protection.
AutoProtect at Harlow Business Exhibition
With well over 500 people expected to attend and150+ exhibitors, this is a fantastic opportunity to find out what’s going on in Harlow.
AutoProtect to star at automotive industry’s largest UK expo
AutoProtect will have a prominent stand at the Car Dealer Conference and Automotive Expo, which will be attended by hundreds of leading automotive industry suppliers, carmakers and motor trade professionals, at the world-famous Silverstone Circuit in Northamptonshire.
Extended Warranties and the Impact upon Retention
Dealers retailing used cars can benefit from an interesting trend identified in the franchised sector between extended warranties and retention.