The failure of the Bill Cullen Group in recent days “proves the inability of dealers to without a cushion.” That’s the opinion of George Mordaunt, owner of The Mordaunt Group motor dealership in Clonmel Co. Tipperary and wesourceNEcar.com.
Mordaunt says that the motor “industry has lost its way over the last five or six years and that certain aspects are self inflicted because of distributor pessure in pursuit of market share through discount pricing.”
He says that there are “too many dealerships in the country for a market of 75,000 new cars per year – these figures are similar to those in the late 80s.”
In a statement issued to the press Mordaunt says: “It’s time for the motor industry to wake up and be an active participant in its own recovery.”
“The motor industry has the ability to maintain over 10,000 jobs at any point and is one of the key industries that drives exchequer receipts given VRT and VAT payment,” he concluded.