Motor retailers see salary growth drop after last year’s record figures
Motor dealer groups saw an average salary increase of 7% in the last 12 months, reveals our latest Motor Salary Survey.
This figure, which excludes management positions, is broadly in line with the UK average, but is significantly less than the record year-on-year increase of 16% achieved last year, when the sector enjoyed a post-COVID surge in profits.
The largest increases were within the parts, service and administration departments where 8-9% increases were found. Vehicle departments saw a lower increase (4%) but this follows a significant 14% rise in the previous year. Service technicians are the most sought-after role, and the skills shortage has pushed up pay by 13% on average.
Participants in the survey employ around 25,000 people and in the last year had an estimated
staff turnover of 31%, although overall staffing levels remained consistent. Coinciding with the release of the report, we also shared the findings at our People in Motor webinar. The session covered the key changes and trends from a wide range of motor groups, an Employment Taxes update, and insight into the Skills Gap problem from Ennis & Co.
A summary of the report is available below. The full version with the detail for all positions is only available to participants. If you would like to participate in the next Salary Survey in 2022, discuss the report further or talk with us about any wider sector issues, please contact Chris Bond, or speak to your usual BDO adviser.