12:05 pm, May 2, 2023
Financial management firm Money Guided is in talks with a number of dealer groups to discuss how firms can best help employees take care of their finances.
Speaking on the latest episode of the Car Dealer podcast, the firm’s chief customer officer Dermot Kelleher said conversations were ongoing with several ‘friendly’ outfits.
Kelleher, formerly of eBay Motors Group, joined Money Guided last year and says groups are currently doing all they can to help employees during the cost of living crisis.
However, with inflation at record levels, it is impossible in many cases for wages to keep up, leaving both workers and employers searching for solutions.
That, says Kelleher, is where Money Guided can help by providing users with the insights and tools to help them make the right plans and financial decisions.
‘We are speaking friendly, friendly automotive businesses,’ he told hosts James Baggott and Jon Reay.
‘We’ve spoken to hundreds of employers and being candid, there’s just one that we’ve spoken to that are going to match inflation.
‘Everyone else is trying to be as generous as they can be but they’ve also got stakeholders and they’ve got to hit their p&l at a larger level.
‘It’s about helping people, giving them something tangible in terms of a thing that they can engage with. It’s personalised to them because people can link their current accounts and their savings and their credit cards, and so on.
It’s a good one stop shop for all of your financial life in one place.
‘That is a thing that employers want to want to give to their, to their people so they can say “We hear that it’s hard, we know it’s hard and here’s something that you didn’t have, that’s tailored to you.’
The latest issue of the Car Dealer podcast went live on Friday and covered the biggest headlines from the Car Dealer website last week (beginning April 24).
Among the topics up for discussion were Cazoo’s latest results, Robin Luscombe’s thoughts on EVs and the future prospects of Genesis in the UK.
The full list of stories can be found below:
- Used car dealer Cazoo’s job cuts and closures boost performance in first quarter
- Shortage of water could be the next crisis for the car industry, warns Seat boss
- EVs dominate top 10 list of biggest depreciating used cars in April
- Used Car Award winner says time is right to start stocking used EVs despite price drops
- Electric car charging rivals club together to give government a jolt
- Can Genesis replicate its South Korean success story here in Europe?
- Snakes alive! Car dealer delivery driver is confronted by slippery customer
You can hear the full interview by listening to the Car Dealer Podcast below, an by streaming it via Spotify or Apple Podcasts.
