The Scottish Motor Trade Association (SMTA) has warned that Trading Standards operatives will be checking up on car retail operations to ensure test drives are not illegally conducted during COVID-19 ‘Lockdown 3’.
Thousands of business interruption (BI) insurance policy pay-outs contested by insurers who claimed that they did not include COVID-19 cover will be paid out following a ruling in the Supreme Court.
The Finance and Leasing Association (FLA) has welcomed changes to Financial Conduct Authority (FCA) legislation which will allow motor finance firms to resume car repossessions from motorists who miss regular repayments.
The UK Government has confirmed that it is reinstating the VAT margin scheme for cars imported and resold by car retailers in Northern Ireland – avoiding pressure on dealer margins and price increases for customers.
Car retailers could be among a range of businesses whose click and collect sales capability is banned under tighter COVID-19 lockdown measures being considered by Government, it has been claimed.
Brexit and COVID-19 have combined to a create a variety of challenges for car dealers attempting to manage their workforce over the past ten months.
Dealers' prospects for 2021, business opportunities and retailing in a post-Brexit, post-FCA changes market, are all topics for discussion with the AM Motor Retail Review webinar panellists this afternoon at 2pm.
Just over half of UK motor retailers believe they’re ready for the changes to motor finance rules which are being brought in on January 28.
Customers’ response to the latest COVID-19 lockdown measures in England and Scotland will be key to the automotive retail sector’s success in delivering click and collect car sales in the coming months.
Click and collect services will once again top car retailers’ sales agenda after Prime Minister Boris Johnson confirmed that England would be follow Scotland into a new national lockdown last night.
In early 2021 the Financial Conduct Authority's ban on discretionary commission in motor finance will kick in. AM examines the impact on motor retailers.
The Financial Conduct Authority is keen for motor retailers providing consumer credit to be upfront about earning finance commission
Car retailers impacted by the new ‘Tier 4’ COVID-19 lockdown restrictions imposed in the South East were among those who told BDO that the incoming vaccine will deliver a “sharp recovery” from the pandemic.
The quarterly AM Motor Retail Review webinar on January 7 will discuss 2020's car market outcome, the FCA motor finance rules revision and the Brexit aftermath.
Almost a third of motor retailers are unaware of the looming January 28 ban on on all discretionary commission (DiC) models in motor finance.
The FCA has fined Barclays £26 million for failures in relation to their treatment of consumer credit customers who experienced financial difficulties.
Hyundai has become the latest manufacturer to reveal vehicle pricing plans ahead of a potential ‘no deal’ Brexit.
The Financial Conduct Authority has appointed Sheldon Mills as its first executive director for consumers and competition, in a newly created post.
Major investment from the private sector in high-voltage infrastructure will be crucial in enabling the Government to meet its 2050 net zero ambitions, according to Vattenfall Network Solutions
Dealers and their customers have been urged to lobby all their MPs and fight against the UK Government’s desire for an exclusively electric car market from 2035.
The Government’s decision to bring forward the ban on the sale of new internal combustion engine (ICE) cars to 2030 resulted in a spike in engagement of electric vehicles (EVs) on AutoTrader’s marketplace.
Lookers has finally been able to publish its 2019 financial results which show a £87.4 million swing into pre-tax losses caused partly by past financial overstatements.
Car retailers have just over a week to prepare for showroom reopening after Prime Minister Boris Johnson announced a December 2 end to ‘Lockdown 2’ – and the return to a three-tier system.
Business leaders from AM100 franchised car retailers Sytner, Lookers, TrustFord have joined the NFDA in lobbying Northern Ireland MPs on a Brexit tax issue which could result in a 20% price hike for used cars.
Electric vehicle (EV) enquiries soared by 500% after this week’s UK Government announcement that it plans to ban the sale of cars and vans powered wholly by petrol or diesel engines in 2030.
