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 OctCar 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 JulBusinesses 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.
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Used Cars 24 AprPetrol values show signs of wobbling in early 2020 used car market
While used car performance helped to deliver stable levels of profit and volume in 2019 there have been some signs of an early wobble in 2020 with pressure on petrol values in particular.
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Market Insight 9 Apr
Government furlough portal set to open amid car retail fraud allegations
Franchised car retailers have been accused of abusing the Government’s Job Retention Scheme (JRS) as businesses across the UK prepare for the opening of the HMRC's portal to register for the salary support.
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Market Insight 8 AprMarch focus meant £17,500 February loss for car dealers, reports ASE
Car dealers focussing on what should have been a busy numberplate change month of March suffered a £17,500 loss for the month prior to of the outbreak of COVID-19 coronavirus, ASE has reported.
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Market Insight 7 Apr
Automotive sector ‘cash burn’ to attract scrutiny during coronavirus outbreak
The rate of “cash burn” within automotive sector businesses will come under close scrutiny during the COVID-19 coronavirus lockdown, according to GlobalData.
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Market Insight 2 AprAvoid stock liquidation, ASE warns dealers, as cashflow remains key
Dealers will need cashflow to bridge the gap until the Government’s business and employee support funds drop in, however they must resist a fire sale of stock, ASE Global’s chairman Mike Jones has warned.
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Market Insight 27 Mar
Government coronavirus wage scheme omits car sales commission payments
Car retail staff will be among the UK employees whose commission-led monthly salaries will be detrimental to their income as “furloughed workers” as part of the Government’s Coronavirus Job Retention Scheme.
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Supplier News 24 Mar
ASE, CarGurus and Codeweavers offer help for dealers hit by COVID-19 measures
More motor retail industry suppliers are pulling out the stops to help their dealer customers as the majority of the UK population is ordered to stay home while the coronavirus threat remains.
