Car retailers in Leicester fear that a stalling of lockdown easing measures resulting from a localised outbreak of COVID-19 coronavirus in the city could see their recovery efforts unravel.
There remains insufficient data to forecast a V- or U-shaped COVID-19 car retail recovery in Europe after sales declined by 57% across the region in May, according to Jato Dynamics.
The investigation into fraud at Lookers has exposed a £19 million ‘black hole’ resulting from overstated supplier bonuses, fraudulent expenses claims and the inconsistent application of policies, processes and accounting standards.
Tremont Garage’s managing director has cited “unprecedented events” for his decision to close his family-run Ford car dealership in Llandrindod Wells.
Mercedes-Benz Retail Group has closed its car dealerships in Bromley, Caterham and Chelsea as part of a “realignment” of its operations in the London market area.
The Society of Motor Manufacturers and Traders (SMMT) has called for “dedicated support to drive a successful restart” after revealing that COVID-19 shutdowns caused a 95.4% slump in UK car production in May.
One-in-ten car buyers plan to head online to purchase their next vehicle according to BuyaCar research indicating that specialist online traders are set to gain increased market traction.
June delivered its first rise in used car values since 2009 in a two-tier post-lockdown market defined by increased demand for older, cheaper vehicles, according to Cap HPI.
The Peter Vardy Group has introduced a “Two-Metre Greeter” role to its car showrooms in Scotland as part of a £100,000 COVID-19 protection package rolled out ahead of their June 29 re-opening.
Auto Trader has vowed to repay the funding its accessed through the Government’s Coronavirus Job Retention Scheme (CJRS) in its annual financial results for 2019/20.
BCA has announced a new fortnightly programme of online Top Car sales following successful events staged in May and earlier this month (June).
Peugeot UK will attempt to bust common electric vehicle (EV) myths and showcase its e-2008 SUV and e-208 hatchback in a online show aiming to leverage rising consumer interest in alternative fuel vehicles (AFV).
CD Auctions has reported a record volume of sales in the first three weeks of June, with online sales attracting a large number of buyers.
Lookers is preparing to shake-up its board of directors in the search for ‘new skills and experience’ to guide the AM100 car retail group through the next phase of its development.
The Prime Minister Boris Johnson has announced that a “one metre plus” social distancing policy will be introduced from July 4 as part of a series of COVID-19 legislation easing measures.
Auto Trader says it has sent dealers a record number of new car leads since the reopening of showrooms on June 1.
The National Franchised Dealers Association (NFDA) has said that the Scottish Government’s decision to postpone the re-opening of car showrooms will place jobs under “unnecessary economic risk.”
The PSA Group UK has appointed David March as its network development director less than a year after he became customer experience and strategy director for Peugeot, Citroën and DS Automobiles.
The Society of Motor Manufacturers and Traders (SMMT) has called for a Government-backed automotive sector restart package and “turbocharged” Brexit talks to kick-start the COVID-19 recovery.
The online car retailer Cazoo claims to have become the fastest UK business ever to achieve a valuation in excess of $1 billion (£800.8m) – joining an exclusive list of companies known as ‘unicorns’.
