Chancellor of the Exchequer Rishi Sunak put job retention and creation front and centre of his £30 billion COVID-19 “mini budget” – prioritising hospitality, tourism and housing with fiscal stimulation measures.
Chancellor of the Exchequer Rishi Sunak is unlikely to support individual businesses like car dealerships with new COVID-19 recovery packages in tomorrow’s “mini budget”, it has been claimed.
Car retailers in Italy will benefit from a post-COVID sales boost after the country’s government gave the green light to scrappage scheme incentives for buyers.
The Financial Conduct Authority is set to demand motor finance firms extend the support available to customers left short of cash due to COVID-19.
Hardly a year goes by without the role of regulation in the economy being reconsidered. Even now, in the midst of a national crisis, the debate continues.
Car retailers in Leicester fear that a stalling of lockdown easing measures resulting from a localised outbreak of COVID-19 coronavirus in the city could see their recovery efforts unravel.
Imperial Cars has said that it expects June to be a record used car sales month after COVID-19 safe trading initiatives helped it re-open with a bang following lockdown.
The Peter Vardy Group has introduced a “Two-Metre Greeter” role to its car showrooms in Scotland as part of a £100,000 COVID-19 protection package rolled out ahead of their June 29 re-opening.
Toyota and Lexus are offering discounts of up to £4,000 to owners of older vehicles to trade up to a brand-new car with the launch of its own its scrappage schemes.
MotorVise Automotive has partnered with Drive Assured and The Compliance Company to form the Motor Alliance – a new business aiming to drive car dealers’ profitability.
The Prime Minister Boris Johnson has announced that a “one metre plus” social distancing policy will be introduced from July 4 as part of a series of COVID-19 legislation easing measures.
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.
HM Treasury has appointed the current chief executive of London Stock Exchange Nikhil Rathi as the new permanent chief executive of the Financial Conduct Authority (FCA).
The Financial Conduct Authority (FCA) has extended the availability of payment freezes and interest-free overdrafts for a further three months in a bid to help consumers mitigate against the impact of the COVID-19 coronavirus.
Credit card firms could face significant damages claims after the Supreme Court dismissed an appeal by Visa and Mastercard, ruling that fees the companies were charging retailers restrict competition.
Government’s decision to fit all pure electric vehicles (EV) with partially green number plates is set to pave the way for incentives which should boost adoption of zero emission transport.
Devonshire Motors owner Nathan Tomlinson believes the car retail sector must move quickly to “normalise” socially-distanced car showrooms to avoid deterring anxious customers.
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.
Concerns about personal finances topped the list of challenges for dealership staff in a new CarGurus survey, with 41% of respondents saying they were struggling with financial pressures.
The coronavirus pandemic has put the focus on policies to look after staff. AM100 dealer group JCT600 outlines the action it has taken.
Government’s ‘travel by car’ advice fuels hope for market revival
A Government-back new car scrappage scheme could be set to boost the automotive retail sector with incentives of up to £6,000 to switch into an electric vehicle (EV), it has been claimed.
Lookers expects to be hit by a temporary suspension of shares trading after conceding that its 2019 annual financial results will not be published in time for the Financial Conduct Authority’s (FCA) June 30 deadline.
Coronavius crisis has meant FCA is putting back the release of car finance findings
Lenders are urged to treat customers fairly as the coronavirus pandemic leads to many borrowers facing financial difficulties
