The UK’s COVID-19 ‘Lockdown 3’ trading restrictions mean that franchised car retailers are “suffering” more greatly than their European counterparts.
The Bank of England (BoE) has said that 70% of consumers will hold on to any savings they managed to accrue during COVID-19 lockdown.
Dealer Auction anticipates a ‘used car boom’ this year, following a strong performance in Summer 2020.
Auto Trader has said that January’s 7.4% rise in used car values has given it “confidence we’ll see a quick return to health” as COVID-19 ‘Lockdown 3’ restrictions start to ease.
More than a third of car buyers have recorded their intention to “buy a new car as soon as possible”, despite the current COVID-19 ‘Lockdown 3’ restrictions.
Finance and Leasing Association’s (FLA) members feel there are ‘opportunities for growth’ this year – if the COVID-19 vaccination programme proves successful.
The SMMT has revised its 2021 new car registrations forecast down to below 1.9 million in anticipation of COVID-19 lockdown's impact on the key March number plate change month.
The latest national lockdown has impacted car sales with a 36% decline in orders for new cars and 45% drop in used, according to lead management specialist Dealerweb.
A new whitepaper report published by Capgemini has determined that an agency model for franchised car retail, vehicle subscriptions and monetised customer data are now core elements of a sustainable automotive sector.
Measures to encourage car buyers to opt for electric models ahead of the Government’s planned 2030 ban on the sale of new petrol and diesel cars are expected to be introduced ahead of the cut-off date.
A vast resource of webinars, insight and assets have been made available to the automotive retail sector after ‘open access’ was granted to content from Automotive Management Live Virtual.
Close Motor Company has replaced its Mitsubishi Motors in the UK dealership in Corby with a new Suzuki franchise.
A slowdown in consumers’ car buying activity and uncertainty when the current COVID-19 ‘Lockdown 3’ restrictions will end was the catalyst for a fall in used car trade prices in January.
Auto Trader has reported a 1.6 million uplift in the volumes of visitors to its online car marketing platform and record consumer confidence amid KPIs which could indicate another post-lockdown sales boom.
TrustFord has seen its car sales volumes decline by around 40% during COVID-19 ‘Lockdown 3’ trading in England and Northern Ireland – but home delivery boom is driving commercial vehicle records.
Pendragon has completed the £16.3 million sale of its Hornburg Jaguar Land Rover (JLR) premium car dealership in Los Angeles, California.
Drive Motor Retail has joined the Citroën franchise with the introduction of the brand to its former Sherwoods Group Vauxhall site at Stockton-on-Tees.
Volkswagen Financial Services (VWFS) chief executive, Mike Todd, predicts that - aside from the impact of Brexit - three other key areas will continue to influence the automotive sector’s response post COVID-19.
The Big Motoring World used car supermarket business has reported that it managed to overcome the challenges of COVID-19 to increase its used car sales volumes in 2020.
SW Car Supermarket is poised to embrace a “wholesale approach” to used car retail in 2021 following the acquisition of two new sites in its hometown of Peterborough.
