Car retailers must continue to reassure customers of their COVID-19 mitigation measures as concerns about the virus fail to ease - outweighing any other issue over the past 50 years.
The Scottish Government has confirmed legislation dictating there is “no legal obligation” for car retailers to wear face coverings will remain in place despite legislation changes coming into force from tomorrow.
Vertu Motors has brought Citroen under the same roof as its existing Ford franchised in Worcester as part of a £250,000 upgrade of the car dealership’s facilities.
The UK has entered recession for the first time since 2009 after COVID-19 coronavirus lockdown measures contributed to a 20.4% contraction of the economy in the second quarter of 2020.
Ssangyong Motors UK has added a dealership in Shrewsbury to its expanding network through a new relationship with award-winning retailer Hawkins Motor Group.
The Society of Motor Manufacturers and Traders (SMMT) has revealed that used car sales volumes declined by 48.9% as COVID-19 coronavirus pandemic delivered a “devastating” impact to trading.
Ford has suspended sales of its new Ford Kuga plug-in hybrid (PHEV) SUV after four fires which have been linked to over-heating batteries.
Cox Automotive’s monthly Dealer Sentiment Survey has found that more than a third (37%) of UK car dealers are stocking older vehicles in the wake of COVID-19 lockdown.
Used car values at BCA’s auctions remained stable during July as 30% increase in volumes sold at its UK sales are met with strong appetite among retailers.
Hyundai will use its Ioniq name for a new dedicated electric vehicle sub-brand, with three new EVs set to be launched in the next four years.
Car dealers are being urged to ensure they have maximised available capital allowances resulting from infrastructure investments in a bid to leverage vital tax relief.
More consumers buy cars online between 11am and 3pm on a Monday than at any other time during the week, according to data from BuyaCar.
Carwow’s new car sales for July 2020 were up 10.43% compared to the same period last year, painting an optimistic picture for dealers.
The Finance and Leasing Association (FLA) has said that the consumer used car finance sector’s 9% growth by value and 2% by volume drove a market “bounce back” in June.
Car dealers’ used vehicle stock levels have declined by 30% as post-lockdown demand among buyers leaves businesses “grappling” with the challenge of securing fresh product for their forecourts.
Orders placed for new vehicles grew by 12% in July, while used car demand increased by 16%, according to the latest figures from lead management firm Dealerweb.
A 26% increase in June profits helped the average UK car dealer to claw-back COVID-19 losses which amounted to around £100,000, according to ASE’s latest market insight.
More than a quarter of PCP buyers are concerned about meeting future monthly payments on their next vehicle due to the impact of COVID-19, according to What Car?.
Car retailers’ efforts to embrace the demand pent-up among new car buyers during COVID-19 lockdown has resulted in an 11.3% rise in July’s new car registrations.
A survey of over 1,000 consumers who purchased a car through carwow since the UK's first dealership reopenings has confirmed a shift towards digital car retailing across Europe.
