A new COVID-19 aftersales whitepaper has questioned whether franchised car retailers are properly prepared for a June surge in servicing demand – and continued peaks and troughs to follow.
Russian car retail group boss Sergey Petrov is said to be eyeing a potential move into the UK franchised sector.
Cazana, the vehicle data company, has confirmed that used car pricing has not raced to the bottom during lockdown.
Frost & Sullivan’s recent analysis, Global Electric Vehicle Market Outlook, 2020, has found that the COVID-19 uncertainty will globally dent electric vehicle (EV) sales, but as the market recovers, it is expected to experience a healthy growth.
There has been an increase in the number of car owners searching for information on how to tackle issues with car brakes, batteries and tyres.
Devonshire Motors owner Nathan Tomlinson believes the car retail sector must move quickly to “normalise” socially-distanced car showrooms to avoid deterring anxious customers.
Arnold Clark chief executive Eddie Hawthorne has admitted that the car retail group’s apprentices will see their training “set back by a year” as a result of the COVID-19 crisis.
Auto Trader research has said that a third of car buyers remain cautious about visiting a dealership, despite healthy levels of demand which look set to continue.
New data from dealers across the UK shows a strong recovery in the first week in June as lockdown begins to lift, according to Dealerweb.
Arnold Clark chief executive Eddie Hawthorne has told AM that he initially felt that the COVID-19 coronavirus crisis would be “over by Easter”, but now concedes it has fundamentally changed car retail.
The PSA Group has announced it’s Vauxhall Astra-building Ellesmere Port car manufacturing plant will remain closed until September.
JCT600 has celebrated the busiest week of used car sales in its 74-year history after the easing of COVID-19 lockdown restrictions on England’s automotive retail sector.
Almost a third of new car buyers are putting-off their next purchase as they await a Government announcement about a potential car scrappage scheme.
Pendragon founder and former chief executive, Trevor Finn, has said that he plans to “re-engineer parts of the industry that aren’t functioning efficiently” with his new online business venture.
The Financial and Leasing Association (FLA) has revealed that the COVID-19 lockdown caused consumer car finance market to slumped by 94% by volume and value during April.
Large numbers of de-fleeted vehicles, postponed PCP returns and terminated PCP agreements caused by Covid-19 will cause a negative ripple effect on car values, according to Automotive Services International (ASI).
A Government-back new car scrappage scheme could be set to boost the automotive retail sector with incentives of up to £6,000 to switch into an electric vehicle (EV), it has been claimed.
The impact of the COVID-19 coronavirus pandemic will be central to the findings of the BDO Motor Retail Salary Survey 2020, which is now encouraging participation from across the sector.
Motorline Group has opened consultation with its workforce over a 10% cut to employee pay in response to challenges faced as a result of the COVID-19 crisis.
Bentley has announced plans to shed 1,000 jobs in the UK under a “voluntary release programme” after COVID-19 coronavirus hastened a drive to cut costs.
