While new car sales have been impacted by UK showrooms closing, car manufacturers are still putting offers together for Q2 and customers can apply for credit.
While the automotive sector has undergone dramatic digital transformation, the sales process has remained the same with the customer quickly funnelled into the showroom. Coronavirus has changed all that.
Car retailers are still working to address an “underlying demand that needs to be served”, according to lead management specialist Dealerweb – with 500 car sold by its clients last week alone.
The National Franchised Dealers Association (NFDA) has said that online car sales and deliveries “remain acceptable” during the COVID-19 coronavirus lockdown.
The HMRC online portal allowing businesses to register employees for Government’s Coronavirus Job Retention Scheme (CRJS) is set to feel the strain when applications flood-in following its launch today (April 20).
Car retailers must be ready for the challenge of stocking and selling cars while respecting consumer concerns and observing Government legislation after the COVID-19 coronavirus lockdown.
One in two UK car retailers fear they will be forced to make redundancies before the end of 2020 as a result of the impact of the COVID-19 coronavirus outbreak.
Online finance software specialist iVendi is offering car retailers its latest and most advanced car sales platform product free of charge in a bid to mitigate the impact of the COVID-19 coronavirus lockdown.
The PSA Group is set to complete a final review of COVID-19 coronavirus healthy working measures at its Ellesmere Port Vauxhall car manufacturing plant before deciding when to recommence production.
The Financial Conduct Authority (FCA) has said that it expects motor finance providers to offer “exceptional and immediate support to customers facing payment difficulties” due to COVID-19 coronavirus.
The Nissan Leaf was found to be the best-known electric vehicle (EV) in Britain, according to a survey carried out by DrivingElectric.
CarGurus has asserted that its operations in the UK market remain a priority as it prepares to “wind-down” its business in Germany, Spain and Italy amid the challenges presented by the COVID-19 coronavirus.
Cazoo has continued to sell cars online and facilitate “contactless” home deliveries during the COVID-19 coronavirus lockdown period – offering a £250 discount to NHS workers.
The high-demand for sub-£10,000 used cars seen in Q1 is expected to continue when the COVID-19 coronavirus lockdown is lifted, according to Aston Barclay.
Rising unemployment could hamper retail business’s ability to recover from the COVID-19 coronavirus lockdown as the prospect of longer-term disruption threatens to leave the UK economy “scarred”.
Almost a fifth of car buyers are poised to make a purchase as soon as the current COVID-19 coronavirus lockdown is lifted, according to survey data published by What Car?.
Car dealers will return to a trading environment where tradition motor finance credit checks have reduced relevance as a result of cash-boosting measures introduced to boost personal finances.
New business volumes in the consumer car finance market fell 1% by volume but grew 2% in value in February 2020, data published by the Finance & Leasing Association (FLA) has shown.
Less than half of UK car retailers are equipped to complete contactless online car sales despite the renewed focus on digital marketing brought by the COVID-19 coronavirus outbreak.
Used car values have continued to fluctuate online despite calls from Cap HPI and Auto Trader to maintain a stable market through the postponement of changes amid the COVID-19 coronavirus lockdown.
