Shortages of key components including semiconductor microchips have prompted Jaguar Land Rover (JLR) and Mercedes-Benz to warn fleet customers of lengthy lead times and vehicle specification changes.
Record used car prices are not deterring new car buyers from switching into a used alternative to avoid the lengthy lead times triggered by supply shortages, according to Auto Trader.
Toyota has revealed that it plans to cut its global vehicle production by 40% because of the impact of COVID-triggered semiconductor shortages.
Bristol Street Motors Banbury Hyundai business manager Shahzad Yousaf has helped raise more than £150,000 by completing a four-day charity bike ride.
August 16’s change to the UK’s COVID-19 self-isolation rules have helped to ease car retailers staffing headaches as “slack” in the labour market eases concern of significant pay growth.
The coronavirus pandemic accelerated the pace of change in the UK’s motor retail industry and some observers now question whether many of the new habits will stick with consumers when everyday freedoms return.
Cox Automotive has warned car retailers to brace themselves for a tough September and Q4 as the new EU trade agreement, a logistics “wages war” and evolving consumer habits present further uncertainty.
Used car sales rose 351.4% to a near record 2.17 million sales during Q2 of 2021 as new vehicle supply shortages drove increasing volumes of motorists into pre-owned models.
Marshall Motor Group has resumed the payment of dividends to its shareholders after delivering record revenues in a COVID-19 impacted first half of 2021.
Dealers need to offer staff a better work-life balance in order to compete in a challenging jobs market, according to MotorVise.
The automotive world has been profoundly affected by COVID-19, but even before the pandemic hit the sector was undergoing a transformation in how, where, and what cars consumers wanted to buy.
Supply issues resulting from global semiconductor shortages and the ongoing impact of the UK’s COVID-19 ‘pingdemic’ have been blamed for the lowest July new car registrations total since 1998.
Car retailers have been urged to embrace every opportunity presented by an MOT and wider aftersales "Tsunami" in the remainder of 2021.
Car buyers boosted the consumer motor finance sector’s volumes by 12% in June – a year on from the 2020’s easing of the UK’s first coronavirus lockdown.
The car retail sector’s well-considered the acceptance of Government’s COVID-19 support have left many businesses on a sound footing to deliver a successful 2021.
Group 1 Automotive president and chief executive Earl J. Hesterberg has predicted the release of “several years” pent-up demand in the UK car retail sector.
Strong demand from car buyers and good levels of stock in the first half of the year have prompted Pendragon to upgrade its pre-tax profit guidance for 2021 by 20%.
The UK’s car manufacturing sector saw its productivity choked by COVID-19 triggered staff absences and the global shortage of semiconductor microchips in June.
Inchcape PLC has reported a 30% rise in turnover and a near 15-fold increase in its pre-tax profits as showed strong signs of recovery from the COVID-19 pandemic in the first half of 2021.
Vertu Motors has suggested that its 2021 pre-tax profits could be up to 60% more than forecast just a month ago after continuing its “exceptional” performance in the used car market.
