Jato Dynamics has said that no car manufacturer was prepared for or expecting “such a large-scale crisis” after COVID-19 lockdown delivered a 78.1% April decline in new car registrations across Europe.
Car retailers across the UK reported that demand from car buyers left pent-up during the COVID-19 lockdown period had resulted in a bumper return to showroom trading on June 1.
Independent car retailer Motorpoint has delivered 1,000 cars during the coronavirus lockdown via its free home delivery service.
BCA has claimed that used car values have “steadily risen” during the COVID-19 lockdown period which prevented the majority of UK car retailers for trading.
Inchcape UK Lexus Guildford and Motorline Lexus Cardiff have been named among the winners of Lexus Kiwami awards in 2020.
Jon Roberts has been appointed as the new managing director of Nissan’s dealer group West Way.
Detail of the Government’s coronavirus job retention scheme (CJRS) extension into October has been welcomed, despite fears that the introduction of larger employer contributions could bring a ‘heavy dose of complexity’.
Car dealers could soon gain a much larger geographical footprint as a post COVID-19 lockdown shift to online sales models attract buyers from further afield.
Skoda’s rugged Karoq and Kodiaq SUVs are set to be axed from its UK new car line-up due to limited customer demand.
Marshall Motor Holdings expects to report a first-half pre-tax loss due to the 10 week closure of its showrooms by COVID-19 counter-measures.
JCT600 has opened the doors to a new £1 million Ferrari supercar service centre in Newcastle ahead of the opening of its new Leeds showroom later this year.
Cazoo has appointed former LoveFiLM group operation director Fern Wake as its new chief operations officer.
With COVID-19 bringing a 'Perfect Storm, Part 2' to UK automotive Professor David Bailey wants to see Government support to save the flagship manufacturing sector.
Toyota GB has said that its UK franchised car retail network will remain “the expert point of contact” for car buyers after launching an online sales solution this week.
The number one spot in UK car retail sector’s classified advertising space continues to be the key target for Car Gurus – with market leading return on investment (ROI) seen as the catalyst for success.
The UK Government is on the hunt for a sprawling industrial site to accommodate a Tesla electric vehicle (EV) “Gigafactory”, according to reports this week.
Auto Trader has invested in a multi-million-pound marketing campaign to help re-ignite the car industry when lockdown restrictions lift at the start of June.
Renault has laid out plans to implement 14,600 job cuts as it reduces its global vehicle production output by 17.5% in a bid to save £1.8 billion by 2024.
More than 40% of franchised car retailers think manufacturers could be doing more to help, AM's research showed
Pendragon has completed a £10.5 million “sale and leaseback” deal for its Porsche Centre car dealership site in Stockport.
The UK car manufacturing sector could suffer a £12.5 billion loss due to production lost during the COVID-19 coronavirus pandemic's enforced lockdown period.
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As lockdown eases, dealers returning to trading on June 1 are likely to prompt a ‘step change’ in online motor retail, says iVendi.
Vertu Motors employees across the UK have achieved their fundraising target of £20,000 by donating the cost of their haircuts to NHS charities.
Steve Le Bas, head of motor retail at advisers and accountants BDO, shares his views on some of the likely developments ahead for car dealers after UK society comes out of the COVID-19 national lockdown.
Lexus’s franchised retail network has taken the Japanese premium car brand to the top of a What Car? ranking of the UK’s top car service and maintenance providers.
Mazda UK sales director Peter Allibon has said that 2020 new car registrations forecasts have had to rely on some “fairly major assumptions” on what can be achieved by retailers before the end of the year.
Dealers should expect an increase in haggling when they open showroom doors next week as car buyers are demanding discounts on their next car.
Conversion rates are expected to rise as dealerships face strict limits on the number of sales appointments they can handle in a day when showrooms start to reopen from June 1 following the easing of the Coronavirus lockdown.
Nissan is set to close its Barcelona plant as it consolidates its European manufacturing operations in Sunderland as part of cost-saving measures designed to achieve a 5% profit margin within four years.
