The financial blow dealt by COVID-19 coronavirus lockdown contributed to a £31 million underlying loss before tax at Pendragon, the AM100 group has reported in interim results published today.
Richmond Motor Group and Delgarth Motor Group have both opened the doors to new Suzuki GB car dealership locations during the past week.
Cap HPI’s head of valuations has said that the continued growth in used car values is “not sustainable in the long-term” - but may continue into 2021.
The strength of the car retail sector’s bounce back recovery from the UK’s full COVID-19 lockdown period could make businesses ineligible for Job Support Scheme (JSS), it is feared.
The Society of Motor Manufacturers and Traders (SMMT) has expressed its fears of “disturbing times” ahead after UK car manufacturing declined 44.6% by volume in August.
Car retailers are among businesses across the UK which must now display QR codes to allow the NHS COVID-19 ‘track and trace’ app to monitor the movement of their staff and customers.
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
Chancellor of the Exchequer Rishi Sunak has outlined details of a new COVID-19 job support scheme to replace the furlough option offered by the current Coronavirus Job Retention Scheme (CJRS).
Jato Dynamics said there are signs that “big issues need to be addressed” to ensure that Europe’s automotive sector delivers a COVID-19 recovery following an 18% decline in August new car registrations.
Vauxhall has said that any dealership corporate identity changes will have “have a limited impact on our retail network” after it followed in the tyre tracks of Volkswagen, BMW, Toyota and Lexus to create a new 2D brand logo.
Renault has revealed images and specification details for its new Arkana coupe SUV, which will reach UK dealerships in September 2021.
Consumer research released from CarGuide has revealed that Covid-19 has stopped almost a third of UK drivers (32%) from changing their car in 2020.
The London Electric Vehicle Company (LEVC) has officially added its fully-electric VN5 van to its product line-up - giving its franchised retail network increased sales opportunities.
The National Franchised Dealers Association (NFDA) has urged car dealers across the UK to ensure all staff comply with Government’s new face masks rules for retail sector staff.
Car retailers across the UK will be donning face masks after Prime Minister Boris Johnson announced more stringent measures to keep the COVID-19 infection rate in check this lunch time.
A survey from Rivervale Leasing has found that 63% of drivers do not trust their infotainment system, despite using them almost daily.
The Finance and Leasing Association (FLA) has urged Government to not ‘prematurely end’ its COVID-19 finance support for UK business in a co-signed letter to Chancellor of the Exchequer Rishi Sunak.
The Financial Conduct Authority (FCA) has identified £3.7 billion in potential car and home insurance sector reforms being considered as part of a new consultation.
Volkswagen retailers introduced customers to the first batch of the German brand’s ID.3 electric vehicle (EV) to reach UK dealerships at a nationwide handover event over the weekend.
The UK’s automotive sector registered the fastest output growth of all sectors in August as it showed signs of strong recovery from the nation’s full COVID-19 lockdown earlier this year.
