Changes to the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS) will give larger car retail businesses access to a £200 million COVID-19 survival boost.
More than three-quarters of motorists feel that car manufacturers aren’t doing enough to educate them about electric vehicles, according to new research from Regit.cars.
Over two-thirds of automotive industry professionals fear that the impact of COVID-19 coronavirus could cause them to lose their job.
The Office for National Statistics (ONS) has highlighted the risks posed by COVID-19 to professional drivers charged with keeping the UK moving during coronavirus lockdown.
Car retailers who have sought government support during the COVID-19 lockdown period are being warned to be on their guard as scammers posing as the HMRC launch an opportunistic fraud campaign.
London’s “anti-car” transport policies could jeopardise the capital’s COVID-19 recovery according to critics of a push towards cycling and walking as coronavirus lockdown measures are eased.
The PSA Group is in talks with the UK Government about the possibility of car scrappage scheme incentives to boost the automotive retail sector in the wake of the COVID-19 coronavirus crisis.
Growing volumes of COVID-19 coronavirus lockdown used car sales have prompted Cap HPI to admit that the time is right for recommence valuation changes – and initial sales suggest a 2% to 5% decline.
The NFDA has teamed-up with the SMMT to produce a car sales best practice guide drawing on the latest advice on COVID-19 coronavirus lockdown retail operations from Government and BEIS.
Six-in-10 car retailers believe that prolonged grants and support from Government are required to support the automotive retail sector through the COVID-19 coronavirus crisis as redundancies begin.
AM magazine has claimed the Automotive Business Publication of the Year title as the Newspress Awards 2020.
Car retailers have been categorised among a Government-issued list of retail providers who can provide a click and collect sales process during the COVID-19 coronavirus lockdown.
Aging stock has been cited as the “main driver” of £1.6 billion losses incurred by Europe’s used car retail sector between the start of the COVID-19 coronavrius lockdown and mid-April.
Redundancies are being imposed across Arlington Automotive Group after the Jaguar Land Rover (JLR), Ford and Nissan automotive tier one parts supplier entered administration this week.
The Chancellor of the Exchequer, Rishi Sunak, has confirmed that the Government Coronavirus Job Retention Scheme (CJRS) will be extended to October – at its current 80% rate of salary support.
The UK's used car market contracted by 8.3% in the first quarter of 2020 following a COVID-19 coronavirus lockdown-prompted 30.7% decline in March sales, SMMT data has revealed.
Generous car retail businesses who promised to exceed the 80% salary funding cap of the Government’s Coronavirus Job Retention Scheme (CJRS) will face an increased financial burden if support is cut to 60%.
Car showrooms are likely to join “non-essential” retail businesses in re-opening on June 1 if infection rates remain under control, Government’s 50-page ‘COVID-19 Recovery Strategy’ document indicates.
Automotive aftersales operations have suffered a loss equivalent to 5.8% of their expected annual turnover in the COVID-19 coronavirus lockdown period to May 3, GiPA UK research has revealed.
The initial impact of the COVID-19 coronavirus pandemic resulted in a 43% decline in profitability for UK car retailers during the key March number plate change month, ASE data has revealed.
