Volvo Car UK retailers were among high-performing UK car dealers celebrating their “best September ever” after overcoming the challenges of the COVID-19 pandemic to recover with record sales.
Listers Group has revealed a 41.3% decline in profit before tax as turnover declined by 1.9% in its annual financial results report for 2019.
Evidence of a thorough car sanitisation process continues to deliver a key confidence boost for car buyers in the COVID-19 crisis, according to a survey by eBay Motors.
Online car retailer Cazoo has attracted a new group of investors in a new funding round which has taken its overall financial backing to a record £450 million.
Lynk & Co has launched its new 01 hybrid SUV in Europe as part of a €500-a-month car mobility “membership” service… But it won’t be coming to the UK in 2020.
The National Franchised Dealers Association (NFDA) has welcomed a “Skills Speech” by Prime Minister Boris Johnson, expressing hope that it may indicate a move towards jobs generating reforms.
Online used car retailer Cazoo has opened its fifth Customer Centre in a former Imperial Cars car supermarket site in Birmingham.
Research by eBay Motors Group has showed that 56% of car buyers “definitely” want to visit a dealership as part of their next car purchase, with 24% saying they would “probably” visit.
Car retailers could avoid COVID-19 insolvency and help retain automotive sector jobs after being offered support from the Society of Motor Manufacturer and Traders’ (SMMT) Safe Harbour scheme.
The financial blow dealt by COVID-19 coronavirus lockdown contributed to a £31 million underlying loss before tax at Pendragon, the AM100 group has reported in interim results published today.
Richmond Motor Group and Delgarth Motor Group have both opened the doors to new Suzuki GB car dealership locations during the past week.
Cap HPI’s head of valuations has said that the continued growth in used car values is “not sustainable in the long-term” - but may continue into 2021.
The strength of the car retail sector’s bounce back recovery from the UK’s full COVID-19 lockdown period could make businesses ineligible for Job Support Scheme (JSS), it is feared.
The Society of Motor Manufacturers and Traders (SMMT) has expressed its fears of “disturbing times” ahead after UK car manufacturing declined 44.6% by volume in August.
Car retailers are among businesses across the UK which must now display QR codes to allow the NHS COVID-19 ‘track and trace’ app to monitor the movement of their staff and customers.
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
Chancellor of the Exchequer Rishi Sunak has outlined details of a new COVID-19 job support scheme to replace the furlough option offered by the current Coronavirus Job Retention Scheme (CJRS).
Jato Dynamics said there are signs that “big issues need to be addressed” to ensure that Europe’s automotive sector delivers a COVID-19 recovery following an 18% decline in August new car registrations.
Vauxhall has said that any dealership corporate identity changes will have “have a limited impact on our retail network” after it followed in the tyre tracks of Volkswagen, BMW, Toyota and Lexus to create a new 2D brand logo.
Renault has revealed images and specification details for its new Arkana coupe SUV, which will reach UK dealerships in September 2021.
