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Friday, 30 July 2010

The rate of business failures in the motor trade fell in June, according to figures from Experian.

Business insolvencies for the automotive industry fell from 0.13 per cent in June 2009 to 0.09 per cent in June 2010, according to Experian Insolvency & Late Payment indices.

It said payment performance among automotive businesses took a signint dip in June. The number of days beyond terms that automotive businesses paid their bills increased to 17.01, the highest since December 2008.

The financial strength of the automotive industry also saw a sl...

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