The Chancellor of the Exchequer, Rishi Sunak, has confirmed that the Government Coronavirus Job Retention Scheme (CJRS) will be extended to October – at its current 80% rate of salary support.
Generous car retail businesses who promised to exceed the 80% salary funding cap of the Government’s Coronavirus Job Retention Scheme (CJRS) will face an increased financial burden if support is cut to 60%.
Car showrooms are likely to join “non-essential” retail businesses in re-opening on June 1 if infection rates remain under control, Government’s 50-page ‘COVID-19 Recovery Strategy’ document indicates.
Ben is urging car retailers to use their head to raise awareness of the issue of mental health by hosting its fifth annual Hats on 4 Ben charity event amid the COVID-19 coronavirus pandemic.
APD Compliance Solutions has welcomed ex-ALD Automotive Group and ARI Fleet UK managing director Keith Allen as an equity stakeholder and board member.
Car dealers across the UK are hoping that Prime Minister Boris Johnson delivers clarification on the easing of certain COVID-19 coronavirus lockdown measures in an address to Parliament today (May 11).
The Finance and Leasing Association’s (FLA) has renewed its appeal for help from Government and the Bank of England as coronavirus impact sparks 1.2 million finance forbearance claims.
Aston Martin has begun a “phased return” to vehicle production at its St Athan plant a fortnight after F1 team boss Lawrence Stroll prioritised the restart after becoming a major shareholder.
Car retailers would benefit from more flexibility from Government’s coronavirus job retention scheme (CRJS) as the financial balance of returning furloughed staff to work becomes businesses' "biggest challenge".
The National Franchised Dealers Association (NFDA) has said that it is vital that Government and car manufacturers “evaluate a support package that stimulates the market” following April’s 97.3% sales slump.
AM is keen to gain insight into the levels of support received from Government and car retailers’ manufacturer partners as they battle to mitigate the impact of the COVID-19 coronavirus lockdown.
Volvo Car UK managing director Kristian Elvefors has said that his retail network is “in pole position” for the safe return to work following the COVID-19 coronavirus outbreak.
Three-quarters (76%) of car buyers are concerned about returning to car showrooms when the Coronavirus lockdown is lifted.
An £8.2 billion hit already sustained by UK car manufacturing as a result of COVID-19 coronavirus factory shut-downs could get “much worse” without a rapid retail resurgence, the SMMT has warned.
AM is urging retailers to share their experience of trading during the COVID-19 coronavirus outbreak and their hopes for a recovery once current restrictions are eased.
Smaller businesses could access new Government-backed 'Bounce Back' loans of up to £50,000 “within days”, according to Chancellor Rishi Sunak.
The Financial Conduct Authority has warned motor finance firms not to repossess vehicles or end contracts with customers in financial difficulty due to the coronavirus pandemic.
While new car sales have been impacted by UK showrooms closing, car manufacturers are still putting offers together for Q2 and customers can apply for credit.
The National Franchised Dealers Association (NFDA) has said that online car sales and deliveries “remain acceptable” during the COVID-19 coronavirus lockdown.
The HMRC online portal allowing businesses to register employees for Government’s Coronavirus Job Retention Scheme (CRJS) is set to feel the strain when applications flood-in following its launch today (April 20).
One in two UK car retailers fear they will be forced to make redundancies before the end of 2020 as a result of the impact of the COVID-19 coronavirus outbreak.
The PSA Group is set to complete a final review of COVID-19 coronavirus healthy working measures at its Ellesmere Port Vauxhall car manufacturing plant before deciding when to recommence production.
The Financial Conduct Authority (FCA) has said that it expects motor finance providers to offer “exceptional and immediate support to customers facing payment difficulties” due to COVID-19 coronavirus.
Chancellor Rishi Sunak has written to Simon Bailes Peugeot to praise the car retailer from its support of the NHS during the COVID-19 coronavirus outbreak.
The number of complaints about motor vehicle insurance products fell 13% to 242,041 in the second half of 2019 from 277,363.
