Ford has launched a new Peace of Mind finance plan that offers customers a six-month payment holiday to help new car and van buyers offset the impact of the COVID-19 coronavirus outbreak.
While March's 44.4% registrations decline did not reveal the full extent of the automotive retail sector's COVID-19 coronavirus lockdown decline, Auto Trader has insisted that car buyers are still researching their next purchase.
There is nothing in the current trade or retail data to suggest that used car values will crash due to the COVID-19 coronavirus lockdown period.
The Independent Motor Dealers Association (IMDA) has celebrated the inclusion of regular commission payments in the calculation of their income in revisions to the Government’s Job Retention Scheme.
New car sales declined 44.4% in March as the COVID-19 coronavirus lockdown took its toll in the second half of the key number plate change month for franchised retailers.
The quality of consumer data found within a car retailer's DMS can sometimes be questionable – but there is now a range of ways to guarantee it’s useful.
Car retail groups with revenues of up to £500 million are now eligible to apply for funding from the Government's Coronavirus Business Interruption Loans (CBIL) scheme in a bid to drive support during the COVID-19 lockdown.
The Financial Conduct Authority (FCA) has proposed a three-month temporary payment freeze on loan and credit card repayments to help consumers cope with the “unprecedented financial shock” triggered by the COVID-10 coronavirus lockdown.
Imperial Cars operations director Neil Smith has set-up social media discussion and support forums to allow car retailers to discuss business issues and advice via LinkedIn and WhatsApp.
The arrival of the connected car, with its incredibly valuable dataset, will see OEMs encroach on the retailer’s patch even more, but dealers are unlikely to give ground lightly.
Used car dealers had begun to reduce the value of their forecourt stock as the UK transitioned from normal trading into a Government-imposed COVID-19 coronavirus lockdown, according to Cazana.
PSA Group managing director Alison Jones has revealed that strategic planning for the Citroen, DS Automobiles and Peugeot brands has been modelled on a 96% potential decline in new car sales during the UK's coronavirus lockdown.
Car production forecasts from the Society of Motor Manufacturers and Traders (SMMT) have suggested that UK auto output will fall by 200,000 to just below 1.1 million because of plant shutdowns caused by the COVID-19 coronavirus - representing an 18% fall in output this year.
A petition arguing that commission payments from car sales should be included in the Government’s Coronavirus Job Retention Scheme wage calculations has attracted almost 8,000 signatures in less than two days.
Car retail staff will be among the UK employees whose commission-led monthly salaries will be detrimental to their income as “furloughed workers” as part of the Government’s Coronavirus Job Retention Scheme.
Used car values declined 2.2% in March as retail and trade demand fell due to the Covid-19 coronavirus crisis, according to Cap HPI.
Professor Jim Saker is director of the Centre for Automotive Management at Loughborough University's Business School and an AM Awards judge. He has been involved in the automotive industry for more than 20 years.
UK car manufacturers could produce over 200,000 fewer cars in 2020 as a result of the impact COVID-19 coronavirus-prompted factory closures, the SMMT has revealed.
Japanese and Korean manufacturers came out top for how retailers rated the competitiveness of their retail finance offers in the National Franchised Dealers Association (NFDA)’s latest Winter 2019/20 Dealer Attitude Survey (DAS).
Companies House has announced a three-month extension to the to the year-end accounts filing deadline in response to the impact of COVID-19 coronavirus.
