Cox Automotive has predicted a stop/start recovery from the COVID-19 coronavirus outbreak for the automotive retail sector – revising its new car sales forecast to detail a 29% decline in 2020.
The Institute of the Motor Industry (IMI) is launching a new programme of webinars to give automotive individuals and businesses practical support as the impact of COVID-19 continues to challenge the sector.
The UK’s used car and van markets will bounce back once the Government’s COVID-19 coronavirus lockdown restrictions are eased, according to Shoreham Vehicle Auctions’ (SVA) Alex Wright.
It would be more than premature to talk about a “return to normal”.
Three-quarters (76%) of car buyers are concerned about returning to car showrooms when the Coronavirus lockdown is lifted.
Cox Automotive has promoted its UK CEO Martin Forbes into the position of president of Cox Automotive International, effective immediately.
KPMG has appointed Andrew Burn as its new UK head of automotive following the departure of Justin Benson from the professional services business.
The eBay Motors Group has extended its offer of free classified advertising until the easing of COVID-19 coronavirus lockdown measures as CarGurus maintained its 50% discount to car dealers.
The easing of car retail COVID-19 coronavirus lockdown restrictions in Austria and Germany have delivered ‘no strong signs’ of a used car market bounce back, according to Indicata.
Car buyers are embracing online self-service car finance during the COVID-19 coronavirus lockdown period, according to Evolution funding.
Following clarification on car dealers ability to trade in the COVID-19 coronavirus lockdown Cazana's director of insight, Rupert Pontin, asks whether 2020 used car demand could actually be higher than 2019.
Trade and wholesale car sales delivered 3,500 vehicles into the used car market during April’s COVID-19 coronavirus lockdown automotive retail sector, according to Cap HPI.
Analysis of online activity over the last seven days indicate a potential rebound for the car retail market.
Buyacar has completed £1.1 million of used car sales and deliveries during the UK’s COVID-19 coronavirus lockdown - with just 42% going to key workers.
Nearly half of UK public transport users (48%) said they would be less likely to use it once lockdown restrictions have been lifted, according to new research by Auto Trader.
The automotive industry is starting to look beyond the end of lockdown and weigh-up what the short and medium-term impacts of the COVID-19 coronavirus crisis will be.
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.
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.
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.
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.
