Motofix warns of challenging six months
- Posted by: Alan Feldberg
- Category: News
Motofix is warning that the trading conditions in the second half of 2023 could be even tougher than the first half.
Its management team met in Newbury for its half-yearly review, and identified industry challenges around cost inflation, staff shortages, working expectations, unroadworthy vehicles, ADAS, electric vehicles, and the growing number of Chinese models entering the market.
Alongside showcasing investments made by individual sites towards reducing carbon emissions and enhancing technical capabilities, the event also revealed a £1.5m investment in a new facility in Cirencester, Motofix Prestige, while executive director of Ryemarc Gethyn Davies delivered a presentation on the Consumer Duty regulations.
He said: “Ultimately our clients are either directly regulated or are part of insurers’ supply chain, so we’re all expected to support the meeting of appropriate customer outcomes.”
Motofix founder and chairman Richard Tutt said: “It was fantastic to get perhaps the strongest team we have ever had together, to follow-up on our January 2023 meeting with a mid-year update. As always, our team faces huge challenges in this marketplace, but are approaching them to deliver positive outcomes for our customer and the pace of our progress is breathtaking.”