Vertu Motors’ director have asserted that the group has sufficient liquidity to exit the COVID-19 coronavirus lockdown and “capitalise on trading opportunities” in an interim trading statement.
Cambria Automobiles has reported increased profitability in interim financial results revealing that the AM100 car retail group was performing 'ahead of expectations' prior to the COVID-19 lockdown.
Stoneacre Motor Group's directors will forego their salaries after taking the decision to furlough 3,000 employees due to the COVID-19 coronavirus pandemic – vowing not to take a wage until the business “returns to profitability”.
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).
Franchised car retailers have been accused of abusing the Government’s Job Retention Scheme (JRS) as businesses across the UK prepare for the opening of the HMRC's portal to register for the salary support.
Pendragon has announced that 20% of chief executive Bill Berman’s pay will be donated to the NHS as employees across the group were furloughed and took wage cuts during the COVID-19 coronavirus lockdown.
The Independent Motor Dealers Association (IMDA) has celebrated the inclusion of regular commission payments in the calculation of their income in revisions to the Government’s Job Retention Scheme.
A petition arguing that commission payments from car sales should be included in the Government’s Coronavirus Job Retention Scheme wage calculations has attracted almost 8,000 signatures in less than two days.
Motorpoint chief executive Mark Carpenter has vowed to give-up his own income from the used car supermarket business in order to top-up the wages of ‘furloughed’ staff during the COVID-19 coronavirus lockdown.
Car retail staff will be among the UK employees whose commission-led monthly salaries will be detrimental to their income as “furloughed workers” as part of the Government’s Coronavirus Job Retention Scheme.
Coronavirus-prompted car dealership closures resulting from Prime Minister Boris Johnson’s lock-down of non-essential retail businesses will see ‘80% of car dealership employees’ placed on Government salary support.
MHA MacIntyre Hudson is set to host a free webinar to offer guidance and support to car retailers who are battling to make their businesses resilient during the COVID-19 coronavirus lock-down period.
The average dealer staff pay package, excluding management positions, fell by 3% to £40,000, according to the latest figures from the BDO Motor Salary Survey.
Salaries in the automotive industry have risen by 7.5% in the last year, according to CV Library.
Automotive graduates were among the hardest hit by pay declines in the automotive sector as demand for technicians and logistics workers delivered a salary shift in 2018.
Jobs within franchised car dealerships emerged as the UK automotive sector’s most lucrative in an average salary survey conducted by InAutomotive.
BDO’s eighth motor salary survey has revealed that the average car retail employee’s annual remuneration package has increased from £40,000 to £41,000 in 2018.
Salaries in the automotive industry have risen by 5% when compared to year-on-year data, CV-Library has revealed.
