Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown.
Brayleys has completed the COVID-19 lockdown acquisition of Glyn Hopkin's Romford Honda dealership for an undisclosed sum.
JudgeService has found tht the majority of customers are happy to visit car showrooms in person if COVID-19 safety measures have been put in place.
Jato Dynamics has said that no car manufacturer was prepared for or expecting “such a large-scale crisis” after COVID-19 lockdown delivered a 78.1% April decline in new car registrations across Europe.
Car retailers across the UK reported that demand from car buyers left pent-up during the COVID-19 lockdown period had resulted in a bumper return to showroom trading on June 1.
BCA has claimed that used car values have “steadily risen” during the COVID-19 lockdown period which prevented the majority of UK car retailers for trading.
Detail of the Government’s coronavirus job retention scheme (CJRS) extension into October has been welcomed, despite fears that the introduction of larger employer contributions could bring a ‘heavy dose of complexity’.
Car dealers could soon gain a much larger geographical footprint as a post COVID-19 lockdown shift to online sales models attract buyers from further afield.
With COVID-19 bringing a 'Perfect Storm, Part 2' to UK automotive Professor David Bailey wants to see Government support to save the flagship manufacturing sector.
The UK Government is on the hunt for a sprawling industrial site to accommodate a Tesla electric vehicle (EV) “Gigafactory”, according to reports this week.
Renault has laid out plans to implement 14,600 job cuts as it reduces its global vehicle production output by 17.5% in a bid to save £1.8 billion by 2024.
Pendragon has completed a £10.5 million “sale and leaseback” deal for its Porsche Centre car dealership site in Stockport.
The UK car manufacturing sector could suffer a £12.5 billion loss due to production lost during the COVID-19 coronavirus pandemic's enforced lockdown period.
As lockdown eases, dealers returning to trading on June 1 are likely to prompt a ‘step change’ in online motor retail, says iVendi.
Lexus’s franchised retail network has taken the Japanese premium car brand to the top of a What Car? ranking of the UK’s top car service and maintenance providers.
Mazda UK sales director Peter Allibon has said that 2020 new car registrations forecasts have had to rely on some “fairly major assumptions” on what can be achieved by retailers before the end of the year.
Dealers should expect an increase in haggling when they open showroom doors next week as car buyers are demanding discounts on their next car.
Nissan is set to close its Barcelona plant as it consolidates its European manufacturing operations in Sunderland as part of cost-saving measures designed to achieve a 5% profit margin within four years.
Almost 1.1 million unroadworthy vehicles are set to return to the roads as lockdown begins to ease, according to new research by Kwik Fit.
Caffyns has praised its employees' response to the COVID-19 crisis as “outstanding” as it revealed the mitigation measures taken by the business in a trading update published this morning (May 27).
