Less than 12% of the UK's franchised car dealerships were “fully staffed” amid signs that customer confidence was continuing to steadily increase at the start of July.
Vertu Motors chief executive Robert Forrester has said that the Society of Motor Manufacturers and Traders (SMMT) June registrations data “didn’t tell the right story”, insisting that the reality was far more positive.
The Society of Motor Manufacturers and Traders (SMMT) has expressed “bitter disappointment” over the omission of an automotive sector stimulus package in the Chancellor of the Exchequer’s ‘mini budget’.
TMS Motor Group has shrugged off the set-backs of Leicester’s COVID-19 lockdown to acquire Sandicliffe Motor Group’s Kia dealership in the city.
Chancellor of the Exchequer Rishi Sunak put job retention and creation front and centre of his £30 billion COVID-19 “mini budget” – prioritising hospitality, tourism and housing with fiscal stimulation measures.
Independent used car supermarket group Available Car has written to its employees warning of “potential redundancies” as a result of the impact of the COVID-19 coronavirus crisis.
Office of National Statistics (ONS) data shows that 92% of automotive businesses in the UK were trading by the second half of June.
Online motor finance applications have risen by 53% since the period before the Coronavirus lockdown started, according to iVendi.
The founders of independent supercar dealership Performance 28 have said that the challenge of becoming established amid Brexit and the COVID-19 crisis has created a “better business”.
Like most retailers, the automotive industry has been heavily impacted by COVID-19.
Following a swift transition by car retailers from the COVID-19 lockdown to “the new normal” new car registrations got back on track for UK businesses in June.
Chancellor of the Exchequer Rishi Sunak is unlikely to support individual businesses like car dealerships with new COVID-19 recovery packages in tomorrow’s “mini budget”, it has been claimed.
Jardine Motors Group has confirmed that it has opened consultation over redundancies as part of a restructure prompted by COVID-19.
Car buyers across the UK are following the national trend of keeping their spending locals, according to insights identified by heycar.
There is still time to register for the Automotive Management (AM) Retail Review webinar to gain insights from sector specialists from Auto Trader, BDO, Cambria Automotive and Suzuki GB.
COVID-19 has not defeated us, we are coming back. My wife is a professional epidemiologist, and an entrepreneur, and her rage at how this process was handled is a topic for another day.
Lipscomb Cars has celebrated the official opening of its new £5 million Volvo dealership in Canterbury after delays caused by the COVID-19 held-up the development.
MotoNovo Finance has announced it is able to provide additional support to the dealer community as an accredited ‘Introducer’ for the Aldermore Coronavirus Business Interruption Loan Scheme (CBILS).
The Financial Conduct Authority is set to demand motor finance firms extend the support available to customers left short of cash due to COVID-19.
Nissan has followed a string of car manufacturers in offering a three-month PCP finance payment holiday offer on models across its range of vehicles.
