TrustFord preparing for new store concept and aftersales openings after celebrating “stunning performance” to carry momentum from its COVID-19 comeback in Q3.
Motorpoint chief executive Mark Carpenter has said that the car supermarket group’s board “continues to look to the future with confidence” after a June return to profitability.
Manheim will auction 1,000 used cars across five locations as part of a Marshall Motor Group mega-event running from October 12 to 16.
Vertu Motors’ COVID-19 recovery accelerated the AM100 PLC to a £19 million profit in Q2 to reverse a £14.3m Q1 loss and deliver a profit in a challenging period for automotive retail.
Kia Motors UK has celebrated the strong comeback from COVID-19 lockdown made 34 of its franchised car dealers with the award of a series of special President's Acceleration Awards.
The average UK car retailer delivered a £28,000 year-on-year swing to profitability in August to ensure “a profitable 2020 seems very much in reach for the average retailer”, according to ASE.
The UK’s new car sales volumes slumped to their lowest September number plate change month this century as the automotive COVID-19 recovery stalled to a 4.4% year-on-year decline.
Volvo Car UK retailers were among high-performing UK car dealers celebrating their “best September ever” after overcoming the challenges of the COVID-19 pandemic to recover with record sales.
Listers Group has revealed a 41.3% decline in profit before tax as turnover declined by 1.9% in its annual financial results report for 2019.
Dealers need to be considering their lending panels to ensure they are fit for the COVID-19 coronavirus era used car market, says Startline Motor Finance.
Evidence of a thorough car sanitisation process continues to deliver a key confidence boost for car buyers in the COVID-19 crisis, according to a survey by eBay Motors.
Research by eBay Motors Group has showed that 56% of car buyers “definitely” want to visit a dealership as part of their next car purchase, with 24% saying they would “probably” visit.
The combined challenges of the coronavirus pandemic and Brexit are making long-term planning almost impossible in the remarketing sector.
Car retailers could avoid COVID-19 insolvency and help retain automotive sector jobs after being offered support from the Society of Motor Manufacturer and Traders’ (SMMT) Safe Harbour scheme.
The financial blow dealt by COVID-19 coronavirus lockdown contributed to a £31 million underlying loss before tax at Pendragon, the AM100 group has reported in interim results published today.
The Society of Motor Manufacturers and Traders (SMMT) has expressed its fears of “disturbing times” ahead after UK car manufacturing declined 44.6% by volume in August.
Car retailers are among businesses across the UK which must now display QR codes to allow the NHS COVID-19 ‘track and trace’ app to monitor the movement of their staff and customers.
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.
