AM surveyed UK dealers during lockdown 2 to identify its potential impact on their motor retail businesses
CDK Global has published a new guide to help dealers to recover their businesses and embrace new technology following the Coronavirus pandemic.
Car retailers impacted by the new ‘Tier 4’ COVID-19 lockdown restrictions imposed in the South East were among those who told BDO that the incoming vaccine will deliver a “sharp recovery” from the pandemic.
As Automotive Managemnent (AM) asks UK car retail businessses to share their hopes and fears for a COVID-19 and Brexit-impacted year ahead in the 'Outlook 2021 Survey', David Borland, EY UK & Ireland automotive leader suggests there could be cause for "cautious optimism".
The number of people shopping for a car increased markedly after England came out of November's 'lockdown 2', according to data analysed by Auto Trader.
As car retailers dust themselves down after the rigours of an unpredictable 2020 AM has compiled a three-minute survey to learn of the sectors’ hopes, fears, challenges and opportunities in 2021.
Used car values declined or remained static as Aston Barclay continued to trade vehicles online throughout November’s COVID-19 ‘Lockdown 2’in England – maintaining 70% of its usual capacity.
The UK Government’s ‘Lockdown 2’ COVID-19 mitigation measures in England contributed to a 22.1% decline in used cars sales during November, according to data from Indicata.
Inchcape has reported that its performance during November’s ‘Lockdown 2’ COVID-19 restrictions was “better than expected” – leading to an upgraded pre-tax profit forecast.
CitNOW has enhanced the audio quality of car dealers' presentations with a new Dolby.io-powered Clarity offering after retailers rated video as their most valuable tool in 2020.
Millennials (24-39 year olds) are expected to lead a car ownership ‘boom’ that will benefit the post-COVID car retail sector, according to the 2020 EY Mobility Consumer Index.
Marshall chief executive Daksh Gupta has told AM that the car retail PLC will be “going for it” in 2021 after upgrading its profit forecast, vowing to repay its deferred VAT payments and forego the CRJS in the new year.
Online motor retail is dividing into a market of simple and complex transactions in an emerging trend heightened by the COVID-19 pandemic, says iVendi.
The Peter Vardy Group has introduced chalets at its Motherwell branch and its Glasgow CarStore to allow customers to discuss their purchase outdoors during the COVID-19 crisis.
The perfect storm of challenges affecting the automotive industry continues unabated, with the pandemic, Brexit and supply issues all impacting consumer confidence and demand for new vehicles.
The UK Government’s COVID-19 ‘Lockdown 2’ took a £1.3 billion toll on car sales during November as registrations declined 27.4%, according to the Society of Motor Manufacturers and Traders (SMMT).
Automotive charity, Ben, has received pledges worth around £0.5m following its urgent appeal for support to plug a £1m funding gap.
Car retailers across the UK suffered their first new and used car order decline since June during a COVID-19 ‘Lockdown 2’ impacted November, according to Dealerweb.
Arnold Clark has insisted that staff who experience COVID-19 symptoms are instructed to remain at home after allegations that a senior member of car dealership staff exposed colleagues and customers to the virus by continuing to work.
The Independent Garage Association (IGA) has donated £20,000 to automotive charity, Ben, on behalf of its independent garage members.
