COVID-19 has rendered physical car auctions a no-go zone for 23% of car retailers in the short- to medium-term, Cox Automotive’ s latest dealer sentiment survey has revealed.
Cazana, the vehicle data company, has confirmed that used car pricing has not raced to the bottom during lockdown.
Auto Trader research has said that a third of car buyers remain cautious about visiting a dealership, despite healthy levels of demand which look set to continue.
JCT600 has celebrated the busiest week of used car sales in its 74-year history after the easing of COVID-19 lockdown restrictions on England’s automotive retail sector.
Cazoo will become the shirt sponsor of Premier League football team Everton FC from the 2020/21 season, the online car retail business has revealed.
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.
Large numbers of de-fleeted vehicles, postponed PCP returns and terminated PCP agreements caused by Covid-19 will cause a negative ripple effect on car values, according to Automotive Services International (ASI).
Former CarShop chief executive Jonathan Dunkley has officially handed the used car supermarket business’s operations over to “the Sytner Group machine”
Car dealers have resisted the temptation to “slash prices” during COVID-19 lockdown according to Auto Trader data which showed an 1.9% year-on-year increase in May.
Cazana has reported that demand for used cars during the COVID-19 lockdown may have outstripped the 20% of sales transactions which were completed during the period.
AA Cars has announced it will be extending it’s 50% discount for car dealerships for a third consecutive month into June, to help support UK used car busnesses weather the impact of COVID-19.
Independent car retailer Motorpoint has delivered 1,000 cars during the coronavirus lockdown via its free home delivery service.
BCA has claimed that used car values have “steadily risen” during the COVID-19 lockdown period which prevented the majority of UK car retailers for trading.
JCT600 has opened the doors to a new £1 million Ferrari supercar service centre in Newcastle ahead of the opening of its new Leeds showroom later this year.
Cazoo has appointed former LoveFiLM group operation director Fern Wake as its new chief operations officer.
LSH Auto UK has converted its Manchester Central Mercedes-Benz site into a used car ‘Centre of Excellence’.
Big Motoring World Group has revealed a 43% growth in turnover and a 34% increase in pre-tax profits in a statement detailing the successes of its performance in 2019.
Auto Trader has announced that it will resume charging car dealers for its online classified car adverts from June 1 – with a 25% discount during their first month of showroom trading.
Car retailers have been urged to “hold their nerve” and not rush to liquidate stock ahead of an anticipated rise in sales demand following June 1’s re-opening of car showrooms across the UK.
Rising demand among car buyers in COVID-19 lockdown has prompted Auto Trader to bring forward the launch of home delivery and click and collect online marketing tools.
