Car dealers achieved their lowest return-on-sales (RoS) figure since 2011 in 2019 after rounding off a “tough” year with a £1,700 loss in its final month, according to ASE.
The Conservative Party’s overwhelming General Election win means that the UK will leave the EU on January 31, 2020, and enter into a transition phase. That much we know.
The National Franchised Dealers Association (NFDA) has said that it hopes the Conservative Party’s general election victory “will stimulate the motor retail industry”.
Car dealers may experience a used car sales performance blip after voters head to the polls for today’s General Election 2019 but the sector is “performing pretty well” in challenging times, according to Cazana.
The Society of Motor Manufacturers and Traders (SMMT) has reported a 1.3% decline in new car registrations during November as private and business demand continued to falter in the run-up to this month's UK General Election.
The British automotive industry has again offered up a stark warning on the impact of a No Deal Brexit.
New car sales declined by 6.7% during October as consumer confidence dipped to its lowest level for six years as talk of a December General Election grew in volume as another Brexit deadline loomed.
