There are the results of an exclusive survey, showing what dealers expect to need to do to allow their businesses to recover.
Inside AM’s June Issue there are also insights into the latest trends in motor finance and FCA compliance, Kia’s strategy to help dealers recover and drive electrified car sales, and an appraisal of valuation processes used by key firms in the sector.
As the coronavirus crisis continues many in our industry are seeing rays of hope. Safety precautions are forcing us all to be patient, but now dealers have clarity that they can offer click-and-collect sales and service, and that their showrooms may be re-opening in June providing the UK’s virus infection rate remains subdued.
Our research (pages 6 to 11) shows many OEMs are supporting their retail networks, and dealers have been busy making preparations for sales. We also know the furlough scheme is being extended – vital to reducing dealers’ payroll costs temporarily. Of course, the situation is still far from normal, but there are positives to be found.
Talking of positivity, this month AM scooped the Automotive Business Publication of the Year trophy in the Newspress 2020 Awards. It’s given a wonderful boost to our spirits in this difficult time, even though lockdown meant we missed out on the champagne and dinner normally laid on for finalists. I’m so proud that our very small team’s efforts have been recognised.
On a much sadder note, I must announce that our AM Automotive Retail Congress, planned for the end of May, has had to be cancelled due to the coronavirus counter-measures. Nevertheless, our preparations continue to safely hold our November events, Automotive Management Live at the Birmingham NEC and the AM100 Dinner that same night.
Fingers crossed the next few months bring us more reasons to regain positivity. Stay safe.