The contemporary status of the automotive retail industry has left many car dealers in a state of uncertainty regarding the future of their businesses, harboring concerns about potential erosion of margins and evolving marketplace dynamics. In response to these concerns, Freeths and PIB have collaborated to curate a series of webinars aimed at mitigating risks for dealerships and effecting transformative change within the industry.
The objectives of this webinar series encompass equipping automotive dealership owners and managers with the requisite preparation for potential risks that could impact their financial bottom line, brand standing, and growth aspirations. These webinars are designed to furnish invaluable insights and pragmatic tips to facilitate effective identification, preparation, and management of future risks.
The inaugural webinar in the series, titled “FCA in the Automotive Sector: Compliance and Future Prospects,” will center on the recent review conducted by the Financial Conduct Authority (FCA) into the motor finance sector and its potential implications for automotive businesses. This webinar will provide a comprehensive overview of the FCA’s section 166 review of selected firms within the automotive sector, along with offering practical advice and predictions to aid businesses in readiness for prospective changes.
Subsequently, the second webinar, “Preparing Your Automotive Business for Substantial Amendments in Consumer Law,” will provide participants with insights into the proposed Digital Markets, Competition and Consumers Bill and its repercussions on consumer protection. The webinar will delineate the principal modifications that the proposed Bill will usher in, in addition to outlining actionable steps for automotive businesses to commence preparatory measures for the impending changes.
The third webinar, “Engaging in the AI Revolution – Safeguarding Data for Automotive Dealerships,” will delve into the opportunities and challenges posed by AI for auto dealerships, specifically within the context of UK GDPR. Participants will gain knowledge of their data protection responsibilities and how to navigate them within the framework of AI technology.
Lastly, the fourth webinar, “Cyber Crime and Cyber Attacks in the Automotive Sector – Upholding Brand Reputation,” will shed light on the vulnerabilities of car dealerships to cyber attacks and breaches, along with furnishing guidance on protective measures. This webinar will further provide counsel on formulating a resilient strategy and best practices for handling a potential breach.
Participation in the webinar series offers a valuable opportunity for automotive dealership proprietors and managers to procure practical, actionable insights for risk mitigation and industry transformation. Each webinar will be hosted via Zoom, enabling participants to engage with industry experts and gain invaluable knowledge pivotal to the preservation of their businesses.
Furthermore, participants will have the opportunity to further acquaint themselves with Freeths’ client service and the guiding principles that underpin the firm’s operations. For those seeking clarification or desiring to delve deeper into the subject matter, the Freeths team is readily available for further discussion.
Ultimately, the Freeths X PIB Automotive Webinar series serves as a unique platform for automotive dealership professionals to acquire critical knowledge, insights, and strategies to de-risk their businesses and foster growth within a swiftly evolving industry.
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