The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
The Financial Conduct Authority (FCA) has made a number of senior appointments, including naming a new chief operating officer.
Further clarification on the legality of car sales test drive provision has prompted rendered the decision over whether to offer customers contact with vehicles “a purely moral decision”, it has been claimed.
Franchised car dealers emerged as the automotive retail sector’s most trusted operators as 95% of car buyers told What Car? they were comfortable with the prospect of visiting showrooms when ‘COVID-19 ‘Lockdown 3’ is lifted.
Car retail group bosses from Cambria, JCB Group and Arbury Group were among those hoping that news of showrooms re-openings on April 12 will be the start of a prolonged bounce-back from COVID-19 ‘Lockdown 3’.
The National Franchised Dealers Association (NFDA) has received confirmation that car buyers in Scotland can now complete their purchase with a scheduled click and collect handover inside a dealership's showroom.
Chorley Group managing director Adam Turner has thanked The British Army and Lancashire County Council for their help in getting a twice-weekly COVID-19 test procedure up and running for its entire retail operation.
The National Franchised Dealers Association (NFDA) has called on Government to redeploy business support measures for retailers ahead of the 2021 Budget.
More than a quarter of adults in the UK characteristics of vulnerability such as poor health, low financial resilience or recent negative life events
Measures to encourage car buyers to opt for electric models ahead of the Government’s planned 2030 ban on the sale of new petrol and diesel cars are expected to be introduced ahead of the cut-off date.
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’.
Automotive charity Ben, is launching access to its digital mental health and wellbeing platform, offering immediate support to those in need.
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.
Pebley Beach Group managing director Dominic Threlfall has told AM that he took the decision to end click and collect car sales in COVID-19 ‘Lockdown 3’ as it was “morally the right thing to do”.
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.
Inchcape UK chief executive James Brearley described the support delivered by automotive sector charity Ben as “phenomenal” as the AM100 car retail group made a £10,000 donation to the cause.
TrustFord’s mile-munching Breakout for Ben fundraising initiative will be rolled-out to the entire industry in a bid to help the automotive charity plug a £1 million fundraising gap in 2021.
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.
A £40,000 donation made by Sytner has carried the automotive charity, Ben, over its urgent 'rallying cry' target of raising £0.5 million.
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.
