Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
Chancellor of the Exchequer Rishi Sunak has outlined details of a new COVID-19 job support scheme to replace the furlough option offered by the current Coronavirus Job Retention Scheme (CJRS).
Jato Dynamics said there are signs that “big issues need to be addressed” to ensure that Europe’s automotive sector delivers a COVID-19 recovery following an 18% decline in August new car registrations.
Vauxhall has said that any dealership corporate identity changes will have “have a limited impact on our retail network” after it followed in the tyre tracks of Volkswagen, BMW, Toyota and Lexus to create a new 2D brand logo.
Santander Consumer Finance claims that it will “reduce margin costs and maximise sales” for car retailers with the launch of its new Your Red Car online marketing platform early next year.
LSH Auto UK is on track to embrace a series of sports-themed special events and marketing opportunities after being named as the official car and van supplier to British Athletics.
Seat’s board of directors has appointed Cupra brand chief executive and president Wayne Griffiths as the new overall president of the Catalonian Volkswagen Group brand.
Renault has revealed images and specification details for its new Arkana coupe SUV, which will reach UK dealerships in September 2021.
A Trade Centre Group radio advert said to have placed PCP finance terms at the start in an effort for added prominence has been banned by the Advertising Standards Authority (ASA).
The Advertising Standards Authority (ASA) has banned a Lings Cars Facebook advert that used the tag line “Black cars matter” to promote an Audi A4 on its online car leasing platform.
The National Franchised Dealers Association (NFDA) has urged car dealers across the UK to ensure all staff comply with Government’s new face masks rules for retail sector staff.
Car retailers across the UK will be donning face masks after Prime Minister Boris Johnson announced more stringent measures to keep the COVID-19 infection rate in check this lunch time.
The Finance and Leasing Association (FLA) has urged Government to not ‘prematurely end’ its COVID-19 finance support for UK business in a co-signed letter to Chancellor of the Exchequer Rishi Sunak.
The Financial Conduct Authority (FCA) has identified £3.7 billion in potential car and home insurance sector reforms being considered as part of a new consultation.
Volkswagen retailers introduced customers to the first batch of the German brand’s ID.3 electric vehicle (EV) to reach UK dealerships at a nationwide handover event over the weekend.
