ASE
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Market Insight 12 JanNew COVID-19 lockdowns render car retail profit growth ‘unachievable’
The emergence of the more virulent strain of COVID-19 coronavirus and renewed lockdown restrictions made the average car retailers’ bid to match their 2019 profits “unachievable” last year.
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Market Insight 8 Dec
Dealers’ ‘stunning’ used car sales recovery drove £53,000 October profit
Car retailers delivery of a “stunning” used car sales performance recovery from the depths of H1’s COVID-19 lockdown helped to deliver an £53,000 average profit in October, according to ASE.
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Market Insight 1 DecVRA provides Brexit briefing in 2021 Outlook Seminar series
A Brexit briefing is to be provided by the Vehicle Remarketing Association (VRA) in its penultimate 2021 Outlook Seminar.
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Latest News 16 NovHMRC opens consultation on Making Tax Digital for Corporation Tax
HMRC has opened a consultation period for feedback on its plan to roll-out its Making Tax Digital (MTD) platform for corporation by April 2026.
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Latest News 11 Nov
HMRC opens Coronavirus Job Retention Scheme (CJRS) claims period
HMRC has opened its claims period for the newly-extended Coronavirus Job Retention Scheme (CJRS) as officials “grapple with its regulatory control” to prevent erroneous and fraudulent claims.
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Latest News 10 NovVRA webinar to address vehicle retailing in 2021
The Vehicle Remarketing Association (VRA) will look to address concerns surrounding COVID-19 and the impact of Brexit in its upcoming Vehicle Retailing in 2021 webinar.
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Market Insight 6 Nov
Car dealers ‘in touching distance’ of 2019 profits post-September
UK car retailers were “within touching distance” of the profitability achieved in 2020 after £110,000 profit-per-site in the key number plate change month of September, according to ASE.
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Supplier News 20 OctASE Automotive Solutions opens Australian office
Automotive industry advisor ASE Automotive Solutions has opened an office in Sydney, Australia, as part of its on-going global expansion.
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Manufacturer 9 OctFord retailers’ Brexit VAT issue concerns branded as ‘scaremongering’
Suggestions that Ford car retailers could go out of business as the result of a Brexit-related change to the brand’s VAT invoicing have been branded as “scaremongering”.
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Manufacturer 8 OctFord dealers need £750,000-per-site to solve post-Brexit VAT issue
Ford retailers who are unable to find £750,000-per-dealership site to fund a post-Brexit change to the brand’s VAT invoicing regime could be forced out of business, it has been claimed.
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Market Insight 6 Oct
Car dealers delivered positive £28,000 profitability ‘swing’ in August
The average UK car retailer delivered a £28,000 year-on-year swing to profitability in August to ensure “a profitable 2020 seems very much in reach for the average retailer”, according to ASE.
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Supplier News 2 OctASE Automotive Solutions secures global JLR consultancy agreement
ASE Automotive Solutions has secured its largest international agreement with Jaguar Land Rover.
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Market Insight 25 Sep
Could car retail bounce back make retailers ineligible for Job Support Scheme?
The strength of the car retail sector’s bounce back recovery from the UK’s full COVID-19 lockdown period could make businesses ineligible for Job Support Scheme (JSS), it is feared.
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Market Insight 8 Sep
Car dealers recovered half Q2 COVID-19 lockdown losses in July, says ASE
The average UK car retailer recovered more than half of the losses suffered during a Q2 trading period devastated by the COVID-19 coronavirus lockdown, according to ASE Global.
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Market Insight 6 Aug
Car dealers ate into H1 losses with 26% June profit increase, reports ASE
A 26% increase in June profits helped the average UK car dealer to claw-back COVID-19 losses which amounted to around £100,000, according to ASE’s latest market insight.
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Latest News 29 Jul
Businesses must amend online CRJS overclaims within 72 hours, says HMRC
Car dealers are among businesses across the UK who have been told that they must pay back any overclaimed funds from Government’s coronavirus job retention scheme (CJRS) – deleting any online claims made in error within 72 hours.
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Market Insight 16 Jun
Car dealers should focus on 'cash position' after £63,000 April loss
ASE chairman Mike Jones has urged car retailers to focus on their "cash position" after the sector's businesses lost an average of £63,000 during April’s COVID-19 lockdown.
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Digital Marketing 15 Jun
Dealers must have 'second wave' plan for COVID-19 coronavirus
Dealers are being urged to have a ‘second wave plan’ to deal with the prospect of a another COVID-19 coronavirus lockdown later this year.
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Car Dealer News 18 MayScammers are posing as HMRC to defraud car dealers during lockdown
Car retailers who have sought government support during the COVID-19 lockdown period are being warned to be on their guard as scammers posing as the HMRC launch an opportunistic fraud campaign.
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Market Insight 7 May
COVID-19 impact deals 43% March profitability blow to car retailers
The initial impact of the COVID-19 coronavirus pandemic resulted in a 43% decline in profitability for UK car retailers during the key March number plate change month, ASE data has revealed.
