Fewer than half the staff working in the auto retail industry are benefiting from a company pension scheme, according to research just released in the Auto Retail Industry Salary Survey 2008. As a result, auto retail industry staff could face significant hardship in later life, it is suggested.

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The research shows that 62% of dealer principals (the men and women who run the business) in new car dealerships enjoy company contributions to their pensions. This contrasts with just 30% of car valeters.


Across the new car sales and service industry as a whole, 45% of staff receive company contributions, according to the survey.


“The lack of company pension schemes in the industry should be a matter of considerable concern,” commented Sue Robinson,


Director of the National Franchised Dealers Association (NFDA). “Although auto retailing may be no different in this respect than many other private industry sectors, it is important staff and bosses plan for their retirement.

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“The Government is consulting on steps to make company pensions schemes compulsory but they must be mindful of the effect this could have on cost in an industry where margins are already extremely low.”


The Auto Retail Industry Salary Survey 2008, published in association with EurotaxGlass’s, reports on 20 different job functions in the industry, across 9 geographic regions. It has been compiled by Trend Tracker from research with members of Auto Retail Network, the RMIF National Franchised Dealers Association and the Scottish Motor Trade Association.