While Jaguar Land Rover (JLR) is still producing cars in the UK (for now), the rest of the UK mass auto industry has effectively shut down, as the devastating economic effects of coronavirus unfold across Europe, disrupting supply chains and dramatically reducing demand.
Car showrooms have been included in the list of businesses which will be exempt from business rates during 2020/21 – regardless of their taxable value.
Results from the latest LeasePlan Mobility Monitor have revealed that car data privacy is a top concern for UK drivers.
Ford and Volkswagen have followed PSA Group’s lead by suspending vehicle production at their European plants due to the outbreak of COVID-19 coronavirus.
The National Franchised Retailers Association (NFDA) has urged Government to introduce fiscal measures to protect the automotive retail sector from the impact of COVID-19 coronavirus.
The PSA Group has outlined its plan for a series of temporary closures at its European plants in light of the COVID-19 coronavirus outbreak.
Car dealers should open negotiations over potential rent arrears now as the COVID-19 coronavrius threatens to harm cashflow in the coming weeks and months.
The International Monetary Fund (IMF) and automotive sector analysts have expressed an inability to speculate over the economic impact of coronavirus as businesses grow increasingly “anxious over the duration” of the outbreak’s impact.
Automotive retail sector analysts suggested that the limited eligibility of many business benefits announced in Chancellor Rishi Sunak’s Budget 2020 could limit the advantages for the automotive retail sector.
Chancellor Rishi Sunak has outlined an investment of £12 billion to help manage the effects of coronavirus on UK households and business in his 2020 Budget.
The Bank of England has cut interest rates back to a record low of 0.25% in response to the economic impact of the coronavirus.
Coronavirus has been acknowledged among a series of “significant challenges” facing the automotive retail sector in the middle to long-term in Cox Automotive’s monthly Market Tracker report.
UK car buyers have Europe’s strongest appetite for used diesel cars according to stock turn data published by Indicata this week.
Marshall Motor Holdings reported revenues rose for a fifth year since its IPO, rising 4.1% to £2.28 billion in the AM100 car retailer group’s latest set of annual financial results.
Car retailers in Coventry will not benefit from the pilot of a vehicle scrappage scheme which is set to pay motorists £3,000 to take more polluting older vehicles off the road.
Electrified alternative fuel vehicles (AFVs) delivered double-digit market share in 19 European countries as registration volumes declined 7.6% during January, Jato Dynamics has reported.
Lexus emerged as the top-ranking car retail franchise in the UK in after dealers showed their satisfaction with the Japanese premium brand’s business in the latest NFDA Dealer Attitude Survey.
The Advertising Standards Authority (ASA) has banned a car retailer’s adverts which described pre-registered vehicles as 'new' after a complaint branded the marketing as "misleading".
Electric vehicles (EV) were the most discussed Twitter topic among automotive influencers during Q4 of 2019, according to research conducted by GlobalData.
Ford suffered the largest February sake decline by volume as Mazda and Suzuki also faltered in February’s Society of Motor Manufacturers (SMMT) new car sales figures.
