Cazana has reported that demand for used cars during the COVID-19 lockdown may have outstripped the 20% of sales transactions which were completed during the period.
CarGurus has suggested that the re-opening of car showrooms in England this week has helped generate increased online leads for retailers in Scotland and Wales.
Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown.
Brayleys has completed the COVID-19 lockdown acquisition of Glyn Hopkin's Romford Honda dealership for an undisclosed sum.
Jato Dynamics has said that no car manufacturer was prepared for or expecting “such a large-scale crisis” after COVID-19 lockdown delivered a 78.1% April decline in new car registrations across Europe.
Car retailers across the UK reported that demand from car buyers left pent-up during the COVID-19 lockdown period had resulted in a bumper return to showroom trading on June 1.
BCA has claimed that used car values have “steadily risen” during the COVID-19 lockdown period which prevented the majority of UK car retailers for trading.
Detail of the Government’s coronavirus job retention scheme (CJRS) extension into October has been welcomed, despite fears that the introduction of larger employer contributions could bring a ‘heavy dose of complexity’.
Skoda’s rugged Karoq and Kodiaq SUVs are set to be axed from its UK new car line-up due to limited customer demand.
JCT600 has opened the doors to a new £1 million Ferrari supercar service centre in Newcastle ahead of the opening of its new Leeds showroom later this year.
Cazoo has appointed former LoveFiLM group operation director Fern Wake as its new chief operations officer.
Toyota GB has said that its UK franchised car retail network will remain “the expert point of contact” for car buyers after launching an online sales solution this week.
The number one spot in UK car retail sector’s classified advertising space continues to be the key target for Car Gurus – with market leading return on investment (ROI) seen as the catalyst for success.
The UK Government is on the hunt for a sprawling industrial site to accommodate a Tesla electric vehicle (EV) “Gigafactory”, according to reports this week.
Renault has laid out plans to implement 14,600 job cuts as it reduces its global vehicle production output by 17.5% in a bid to save £1.8 billion by 2024.
