The Bank of England (BoE) has said that 70% of consumers will hold on to any savings they managed to accrue during COVID-19 lockdown.
Autofutura has acquired Chysalis Loyalty to combine the lead management and customer retention knowhow for car retailers, manufacturers and fleet operators.
Auto Trader has said that January’s 7.4% rise in used car values has given it “confidence we’ll see a quick return to health” as COVID-19 ‘Lockdown 3’ restrictions start to ease.
Mercedes-Benz UK has opened up order books for its new, fully-electric EQA SUV – with prices starting from £40,495 (inc. plug-in car grant).
More than a third of car buyers have recorded their intention to “buy a new car as soon as possible”, despite the current COVID-19 ‘Lockdown 3’ restrictions.
Finance and Leasing Association’s (FLA) members feel there are ‘opportunities for growth’ this year – if the COVID-19 vaccination programme proves successful.
The SMMT has revised its 2021 new car registrations forecast down to below 1.9 million in anticipation of COVID-19 lockdown's impact on the key March number plate change month.
Vertu Motors has reported that it expects its pre-tax profits for the financial year ending February 28, 2021, to exceed analysts’ current £18 million forecasts.
Mazda UK has added its new MX-30 electric vehicle (EV) to the list of cars eligible for savings of up to £4,000 in its CO2 emissions-reducing car scrappage scheme.
Isuzu UK has revealed plans to add a further 10 new franchised retail sites to its retail network in 2021 as the new D-Max pick-up prompts further growth for the brand.
A new whitepaper report published by Capgemini has determined that an agency model for franchised car retail, vehicle subscriptions and monetised customer data are now core elements of a sustainable automotive sector.
Marshall Motor Holdings has opened a new dealership featuring Seat and its performance sister brand Cupra in a former Vauxhall franchised site in Oxford.
Close Motor Company has replaced its Mitsubishi Motors in the UK dealership in Corby with a new Suzuki franchise.
Auto Trader has reported a 1.6 million uplift in the volumes of visitors to its online car marketing platform and record consumer confidence amid KPIs which could indicate another post-lockdown sales boom.
TrustFord has seen its car sales volumes decline by around 40% during COVID-19 ‘Lockdown 3’ trading in England and Northern Ireland – but home delivery boom is driving commercial vehicle records.
