The automotive industry is in a period of rapid change.
Original equipment manufacturers are investing in energy efficient vehicles that will meet the demands of tomorrow’s consumers. Meanwhile, the traditional car remains as popular as ever.
Behind the headlines, the majority of companies in the automotive sector are small and medium business. They export, are highly specialised, and often part of global supply chains.
However, these businesses can often find themselves at the bottom of the pecking order when it comes to payment.
We understand this at Wyelands Bank and help small and medium businesses in the automotive sector to access the finance they need to unlock growth.