Independent dealers have been flocking to online sales platforms in the last three weeks since the Coronavirus lockdown began, according to ClickDealer.
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.
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?.
Moneypenny and Inductus have joined the list of suppliers offering services for free in a bid to help car retail businesses cope better with the impact of COVID-19 cornoavirus.
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.
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.
Auto Trader has urged used car dealers to resist the temptation to reduce the values of their vehicles to retain hope that the market will “pick up where we left off” after the COVID-19 coronavirus crisis.
Carwow has seen car buyers across the UK widen their search for their perfect new car during the COVID-19 coronavirus lockdown, with a doubling of sales between 51 and 100 miles from a customer's home address.
Car dealers focussing on what should have been a busy numberplate change month of March suffered a £17,500 loss for the month prior to of the outbreak of COVID-19 coronavirus, ASE has reported.
The past couple of weeks have seen unprecedented and rapid changes at a personal and business level driven by sweeping government responses to the COVID-19 coronavirus pandemic.
Cazana has launched KeyworkerGarages.co.uk, an online aftersales portal designed to guide frontline workers to maintain their vehicles and stay mobile during the COVID-19 coronavirus outbreak.
While March's 44.4% registrations decline did not reveal the full extent of the automotive retail sector's COVID-19 coronavirus lockdown decline, Auto Trader has insisted that car buyers are still researching their next purchase.
There is nothing in the current trade or retail data to suggest that used car values will crash due to the COVID-19 coronavirus lockdown period.
CarGurus and Reynolds & Reynolds are helping dealers reduce costs as the COVID-19 coronavirus lockdown continues.
MoT centres could be transformed into COVID-19 coronavirus test facilities to help meet Government’s aim to ramp-up its diagnosis of the virus, it has been claimed.
Even without the current COVID-19 coronavirus crisis it was clear to everyone in the industry that automotive businesses are rapidly approaching a crossroads.
Auto Trader’s board will forego at least half of their wages as many staff become “furloughed workers” as part of its COVID-19 coronavirus impact mitigation measures.
Imperial Cars operations director Neil Smith has set-up social media discussion and support forums to allow car retailers to discuss business issues and advice via LinkedIn and WhatsApp.
Auto Trader has launched a new AT Market Insight data tool which claims to utilise “up-to-date” information from the car retail sector to deliver an accurate appraisal of market conditions.
