ASE chairman Mike Jones has urged car retailers to focus on their "cash position" after the sector's businesses lost an average of £63,000 during April’s COVID-19 lockdown.
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.
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.
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.
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.
The PSA Group has announced it’s Vauxhall Astra-building Ellesmere Port car manufacturing plant will remain closed until September.
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.
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.
Almost a third of new car buyers are putting-off their next purchase as they await a Government announcement about a potential car scrappage scheme.
Nissan has resumed vehicle production at its Sunderland plant after a three month pause due to the Coronavirus pandemic.
Tracker, is helping dealers comply with new rules to protect themselves and the public, whilst also protecting stock when it comes to unaccompanied test drives.
Concerns about personal finances topped the list of challenges for dealership staff in a new CarGurus survey, with 41% of respondents saying they were struggling with financial pressures.
The coronavirus pandemic has put the focus on policies to look after staff. AM100 dealer group JCT600 outlines the action it has taken.
Large numbers of de-fleeted vehicles, postponed PCP returns and terminated PCP agreements caused by Covid-19 will cause a negative ripple effect on car values, according to Automotive Services International (ASI).
