February 2020 saw something of a milestone for the UK's new car registrations: whereas Ford has been the best-selling marque in the UK since the late 1970s, and the supplier of the best-selling model for even longer, both titles went to VW this month.
New car sales declined to their lowest February total since 2015 across Europe as Renault’s Clio toppled the Volkswagen Golf from the top of the region’s best seller rankings.
Automotive industry analyst GlobalData has claimed that carmakers Tesla and Toyota will prove to be the OEM brands most resilient to the impact of COVID-19 coronavirus following a manufacturing sector review.
Coronavirus has been described as the “biggest immediate threat to the UK car retail sector” after retailers across the country began making contingency plans to prevent its spread.
Cars, motorcycles and vans will all be subject to a temporary six-month MoT exemption in an effort to maintain essential travel during the COVID-19 coronavirus outbreak, the Department for Transport (DfT) has announced.
The point of sale (POS) car finance market declined 2% by value and 5% by volume in January 2020, the Finance and Leasing Association (FLA) has revealed.
The National Franchised Dealers Association (NFDA) has called for a three-month MOT moratorium during the Government-imposed lock-down of non-essential retail businesses.
Government will only reimburse up to 80% of the monthly wage of car dealership employees if their jobs have been put “at risk” by the current COVID-19 coronavirus outbreak.
The Finance and Leasing Association’s (FLA) head of motor finance has said that every effort should be made to keep motorists “in their cars” as coronavirus inhibits some consumers’ ability to make repayments.
BCA has revealed that the average value of a used vehicle rose 1.6% to a record £10,002 at its auctions in February as it praised the sector's resilience in the current COVID-19 coronavirus health crisis.
Chartered accountants UHY Hacker Young have prepared a guide to help car dealers prepare applications for Government loans set to help businesses following the COVID-19 coronavirus outbreak.
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.
