While March's 44.4% registrations decline did not reveal the full extent of the automotive retail sector's COVID-19 coronavirus lockdown decline, Auto Trader has insisted that car buyers are still researching their next purchase.
The Motor Ombudsman has upgraded its online Knowledge Base with a new category on the Coronavirus (COVID-19) to help motorists answer frequently asked queries on car ownership, vehicle maintenance and dispute resolution.
The Financial Conduct Authority (FCA) may allow businesses to defer their subscription fees as they battle to minimise outgoings during the COVID-19 coronavirus crisis, the National Franchised Dealers Association (NFDA) has said.
Car retail groups with revenues of up to £500 million are now eligible to apply for funding from the Government's Coronavirus Business Interruption Loans (CBIL) scheme in a bid to drive support during the COVID-19 lockdown.
Arnold Clark, Simon Bailes Peugeot and TrustFord have shown their support to the NHS through the donation of 20,000 disposable car seat covers and the provision of vehicles and vital maintenance support to keep essential healthcare services moving.
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.
The Financial Conduct Authority (FCA) has proposed a three-month temporary payment freeze on loan and credit card repayments to help consumers cope with the “unprecedented financial shock” triggered by the COVID-10 coronavirus lockdown.
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