Vertu Motors chief executive Robert Forrester has said that the Society of Motor Manufacturers and Traders (SMMT) June registrations data “didn’t tell the right story”, insisting that the reality was far more positive.
The Society of Motor Manufacturers and Traders (SMMT) has expressed “bitter disappointment” over the omission of an automotive sector stimulus package in the Chancellor of the Exchequer’s ‘mini budget’.
There is still time to register for the Automotive Management (AM) Retail Review webinar to gain insights from sector specialists from Auto Trader, BDO, Cambria Automotive and Suzuki GB.
"This is not a recovery and barely a restart," warned SMMT chief executive Mike Hawes today as its data showed 145, 377 new cars were registered in June, the first month out of lockdown for car showrooms in England and Northern Ireland.
The Society of Motor Manufacturers and Traders (SMMT) has called for “dedicated support to drive a successful restart” after revealing that COVID-19 shutdowns caused a 95.4% slump in UK car production in May.
If there’s no second wave of COVID-19 there is plenty of hope for a V-shaped economic recovery, the SMMT Summit was told yesterday.
The Society of Motor Manufacturers and Traders (SMMT) has called for a Government-backed automotive sector restart package and “turbocharged” Brexit talks to kick-start the COVID-19 recovery.
New car sales across Europe were 52.3% down year-on-year in May as the easing of lockdown measures in certain regions delivered a slight improvement over April.
The Financial and Leasing Association (FLA) has revealed that the COVID-19 lockdown caused consumer car finance market to slumped by 94% by volume and value during April.
During May's coronavirus lockdown 12,900 new cars were sold to private buyers, according to data from the Society of Motor Manufacturers and Traders.
The UK car manufacturing sector could suffer a £12.5 billion loss due to production lost during the COVID-19 coronavirus pandemic's enforced lockdown period.
The Health and Safety Executive (HSE) has warned that building closure or reduced occupancy can increase the risk of Legionnaires’ disease.
Prime Minister Boris Johnson has ended the two-month COVID-19 coronavirus-enforced closure of car showrooms by giving automotive retailers the green light to open their facilities from June 1.
The UK Government has been challenged on car showrooms’ continued closure, with claims their lockdown is costing it £61 million per day in lost tax revenue and business support measures.
The NFDA has teamed-up with the SMMT to produce a car sales best practice guide drawing on the latest advice on COVID-19 coronavirus lockdown retail operations from Government and BEIS.
The UK's used car market contracted by 8.3% in the first quarter of 2020 following a COVID-19 coronavirus lockdown-prompted 30.7% decline in March sales, SMMT data has revealed.
The National Franchised Dealers Association (NFDA) has said that it is vital that Government and car manufacturers “evaluate a support package that stimulates the market” following April’s 97.3% sales slump.
An £8.2 billion hit already sustained by UK car manufacturing as a result of COVID-19 coronavirus factory shut-downs could get “much worse” without a rapid retail resurgence, the SMMT has warned.
A range of smart new digital strategies from different car retailers are driving trade at a tough time.
Five years ago, almost every manufacturer was making presentations about autonomous vehicles and how they would be on the road by 2020.
