Block Exemption Drives Factoring Increase
All-makes parts supplier Motaquip suggests that more independent garages are setting up motor factor operations to support their core business and the driving force behind this trend is the changes in Block Exemption.
Motaquip says that new business start-up enquiries to its Partnership Programme from garage owners have more than doubled as garages are looking to enter the parts distribution chain. This contrasts with 2003, when only one in 10 of Motaquip’s enquiries came from independent garage owners. Block Exemption has been cited as the major contributory factor in this growth, which has left many garages needing a good source of quality parts.