The Institute of the Motor Industry (IMI) has warned that garages could face 'significant' income loss if they fail to complete annual training by April 30.
Car retailers are being urged to think differently about logistics to reduce their CO2 emissions amid a boom in home delivery brought about by the COVID-19 pandemic and rising online car sales.
GForces and Autofutura have vowed to connect car manufacturers, automotive finance providers, car dealers and consumers to optimise the entire customer journey with a merger announced today.
Digital finance processes are allowing car retailers to “shave more and more time off the online motor finance process” and improve customers’ retail experience, says Startline Motor Finance.
Aston Barclay has reported that its used car sales volumes in a COVID-19 hit Q1 were a match for those of the same period in 2020.
More than a third (38%) of drivers have delayed their car buying plans as a result of economic uncertainty caused by COVID-19 and Brexit, a report by Close Brothers Motor Finance has found.
Heycar is increasing payment terms to 60 days until the end of Q2 to provide dealers with ‘welcome breathing space’ as after this week's showroom reopenings.
A shift from traditional showroom-based car sales to a wholly-online retail solution would cut dealers cost-per-sale by over 40% - saving the sector £9.5bn a year.
More than a third (37%) of used car transactions, including finance applications, took place entirely online during COVID-19 'Lockdown 3', according to iVendi.
Automotive retail ecommerce specialist drivvn has appointed Lucy Trott as its new client director.
Car dealerships' approach to staffing during the COVID-19 crisis has proved pivotal for the long-term profitability of businesses, according to MotorVise founder and MD Fraser Brown.
Carwow has reported record levels of orders in March, achieving its highest performance ever during COVID-19 'Lockdown 3'.
Automotive finance provider White Clarke Group has been acquired by US-based IDS to form a single entity claiming to serve a $7 trillion secured finance end market.
As the nationwide lockdown is lifted, restrictions are eased, and the auto retail landscape begins its slow climb back to a more normal state, dealers will be challenged with how to turn stock faster and more efficiently.
M&M Group has announced the appointment of former Trend Tracker managing director, Mark Bull as its new commercial director.
Auto Trader has said it expects the UK’s car retail sector to deliver a “fast return to health” after seeing a 12th consecutive month of rising used car prices and record online engagement from buyers in March.
Used car values have reached a “tipping point” with prices rising for the first time in five months as an easing of COVID-19 ‘Lockdown 3’ retail restrictions draw nearer, says Cap HPI.
Aston Barclay is preparing to welcome car and van retailers back to its auction halls after 84% of buyers voted for a return to physical trading.
The Vehicle Remarketing Association (VRA) has launched a quick-fire ‘five-minute briefing’ document series with a series od short sector-wide takes on the reopening of car showrooms after COVID-19 ‘Lockdown 3’.
The UK Government’s decision to lower the value of its plug-in car grant EV incentive will have little impact on used car values, according to Cap HPI.
