Car dealers focussing on what should have been a busy numberplate change month of March suffered a £17,500 loss for the month prior to of the outbreak of COVID-19 coronavirus, ASE has reported.
Vertu Motors begun trials of thermometers to test for COVID-19 coronavirus at its showrooms as an MoT centre in Belfast started operations as an official virus test facility today (April 7).
Dealer groups that need to preserve cash during the coronavirus lockdown could support higher-paid staff with share options.
Increasing demand for home delivery during the Coronavirus lockdown has led to vans taking a larger share of sales on the BuyaCar platform.
The past couple of weeks have seen unprecedented and rapid changes at a personal and business level driven by sweeping government responses to the COVID-19 coronavirus pandemic.
INDICATA has highlight the effects of the COVID-19 coronavirus on Europe's used car market with the publication of its new Market Watch data report.
Job vacancies in the automotive industry have fallen by 41% in March, as the Coronavirus outbreak continues to affect the sector.
Cazana has launched KeyworkerGarages.co.uk, an online aftersales portal designed to guide frontline workers to maintain their vehicles and stay mobile during the COVID-19 coronavirus outbreak.
Ford has launched a new Peace of Mind finance plan that offers customers a six-month payment holiday to help new car and van buyers offset the impact of the COVID-19 coronavirus outbreak.
While March's 44.4% registrations decline did not reveal the full extent of the automotive retail sector's COVID-19 coronavirus lockdown decline, Auto Trader has insisted that car buyers are still researching their next purchase.
There is nothing in the current trade or retail data to suggest that used car values will crash due to the COVID-19 coronavirus lockdown period.
The Independent Motor Dealers Association (IMDA) has celebrated the inclusion of regular commission payments in the calculation of their income in revisions to the Government’s Job Retention Scheme.
New car sales declined 44.4% in March as the COVID-19 coronavirus lockdown took its toll in the second half of the key number plate change month for franchised retailers.
The Motor Ombudsman has upgraded its online Knowledge Base with a new category on the Coronavirus (COVID-19) to help motorists answer frequently asked queries on car ownership, vehicle maintenance and dispute resolution.
The Financial Conduct Authority (FCA) may allow businesses to defer their subscription fees as they battle to minimise outgoings during the COVID-19 coronavirus crisis, the National Franchised Dealers Association (NFDA) has said.
Car retail groups with revenues of up to £500 million are now eligible to apply for funding from the Government's Coronavirus Business Interruption Loans (CBIL) scheme in a bid to drive support during the COVID-19 lockdown.
CarGurus and Reynolds & Reynolds are helping dealers reduce costs as the COVID-19 coronavirus lockdown continues.
Arnold Clark, Simon Bailes Peugeot and TrustFord have shown their support to the NHS through the donation of 20,000 disposable car seat covers and the provision of vehicles and vital maintenance support to keep essential healthcare services moving.
Dealers will need cashflow to bridge the gap until the Government’s business and employee support funds drop in, however they must resist a fire sale of stock, ASE Global’s chairman Mike Jones has warned.
MoT centres could be transformed into COVID-19 coronavirus test facilities to help meet Government’s aim to ramp-up its diagnosis of the virus, it has been claimed.
