The Society of Motor Manufacturers and Traders (SMMT) has called for a Government-backed automotive sector restart package and “turbocharged” Brexit talks to kick-start the COVID-19 recovery.
The online car retailer Cazoo claims to have become the fastest UK business ever to achieve a valuation in excess of $1 billion (£800.8m) – joining an exclusive list of companies known as ‘unicorns’.
The lack of a succession plan has resulted in the closure of Canterbury’s Northgate Garage Group after more than 50 years trading in the city.
MOT centres carried out over two million tests during COVID-19 coronavirus lockdown period as many motorists chose not to take advantage of the Government’s six-month exemption.
HM Treasury has appointed the current chief executive of London Stock Exchange Nikhil Rathi as the new permanent chief executive of the Financial Conduct Authority (FCA).
Perrys Motor Group and Donnelly Group have closed Vauxhall car dealerships in the past week as the Griffin-badged brand continues its network consolidation strategy.
The Vehicle Remarketing Association (VRA) is set to debate the potential impact of a “second wave” of the COVID-19 coronavirus and efforts to find an inoculation at its annual general meeting (AGM).
UK businesses were struggling to generate cash flow prior to the COVID-19 coronavirus, with car retailers among the nation’s worst performers, according to research published by BDO.
The Welsh First Minister Mark Drakeford has given the go-ahead of car retailers in the country to re-open their showrooms to customers on Monday, June 22.
JCT600 has closed its Volkswagen UK franchised car dealerships in Rotherham and Newark following a decision made prior to the COVID-19 coronavirus outbreak.
The Institute of the Motor Industry (IMI) has identified the car retail sector’s “green shoots of recovery” in newly-published Office of National Statistics (ONS) data, but says the marketplace remains “pretty fragile”.
The Financial Conduct Authority (FCA) has extended the availability of payment freezes and interest-free overdrafts for a further three months in a bid to help consumers mitigate against the impact of the COVID-19 coronavirus.
Hyundai Motor Europe has appointed the president of Kia Motors America, Michael Cole, as its new president and chief executive.
The Pentagon Motor Group has severed its ties with the FCA Group with the closure of its dual-brand Alfa Romeo and Jeep dealership in Doncaster.
Scottish car retailers will have to wait a further 11 days before re-opening their showrooms after Scotland’s First Minister Nicola Sturgeon outlined phase two of COVID-19 lockdown easing north of the border.
