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COVID-19 has rendered physical car auctions a no-go zone for 23% of car retailers in the short- to medium-term, Cox Automotive’ s latest dealer sentiment survey has revealed.
The Finance and Leasing Association (FLA) is calling for the Government and the Bank of England to take immediate action to support the non-bank lending market, as forbearance requests reach 1.6m.
A new COVID-19 aftersales whitepaper has questioned whether franchised car retailers are properly prepared for a June surge in servicing demand – and continued peaks and troughs to follow.
Dealers are being urged to have a ‘second wave plan’ to deal with the prospect of a another COVID-19 coronavirus lockdown later this year.
Russian car retail group boss Sergey Petrov is said to be eyeing a potential move into the UK franchised sector.
Cazoo has completed the appointment of Stephen Morana as its new chief financial officer (CFO), hailing his track record and experience as “second to none”.
Cazana, the vehicle data company, has confirmed that used car pricing has not raced to the bottom during lockdown.
Frost & Sullivan’s recent analysis, Global Electric Vehicle Market Outlook, 2020, has found that the COVID-19 uncertainty will globally dent electric vehicle (EV) sales, but as the market recovers, it is expected to experience a healthy growth.
There has been an increase in the number of car owners searching for information on how to tackle issues with car brakes, batteries and tyres.
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Devonshire Motors owner Nathan Tomlinson believes the car retail sector must move quickly to “normalise” socially-distanced car showrooms to avoid deterring anxious customers.
The car leasing industry is experiencing a rapid rate of recovery following the automotive industry’s collapse during the Coronavirus pandemic.
Citroen has revealed details of its nine-seat ë-SpaceTourer MPV electric vehicle (EV) as its 2020 electrification revolution gathers pace.
Groupe PSA has launched a Virtual Showroom service across its Vauxhall, Peugeot, Citroen and DS brands that allows customers to buy cars online.
Arnold Clark chief executive Eddie Hawthorne has admitted that the car retail group’s apprentices will see their training “set back by a year” as a result of the COVID-19 crisis.
Auto Trader research has said that a third of car buyers remain cautious about visiting a dealership, despite healthy levels of demand which look set to continue.
New data from dealers across the UK shows a strong recovery in the first week in June as lockdown begins to lift, according to Dealerweb.
The appetite for digital solutions has never been greater while identifying and understanding established and emerging trends will help dealers prepare
Arnold Clark chief executive Eddie Hawthorne has told AM that he initially felt that the COVID-19 coronavirus crisis would be “over by Easter”, but now concedes it has fundamentally changed car retail.
Mitsubishi Motors in the UK has appointed David Rodriguez as its new sales and marketing director, replacing Toby Marshall who recently moved to the role of aftersales director.
The PSA Group has announced it’s Vauxhall Astra-building Ellesmere Port car manufacturing plant will remain closed until September.
Ford and Volkswagen will jointly develop a range of new commercial vehicles under an expanded partnership agreement.
A surge in Tesla share prices has propelled the electric vehicle (EV) brand to become the world’s most valuable car manufacturer.
A new type of customer has emerged, the super-savvy, super-confident. These are the people buying pure electric vehicles (EV) during a pandemic, giving double digit growth in a market which is otherwise hardly moving.
Petrol prices are dropping but it is difficult to predict impact on new car sales, says AM's analyst David Francis
Up to 60% of people could stop using public transport as a result of the Coronavirus pandemic, giving dealers the opportunity to sell more cars.
Jardine Motors Group is launching a new online sales platform for its Jaguar Land Rover division.
HR Owen Bugatti London hosted the UK’s only customer preview event of the new Bugatti Chiron Pur Sport.
JCT600 has celebrated the busiest week of used car sales in its 74-year history after the easing of COVID-19 lockdown restrictions on England’s automotive retail sector.
