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.
Cars, motorcycles and vans will all be subject to a temporary six-month MoT exemption in an effort to maintain essential travel during the COVID-19 coronavirus outbreak, the Department for Transport (DfT) has announced.
Coronavirus-prompted car dealership closures resulting from Prime Minister Boris Johnson’s lock-down of non-essential retail businesses will see ‘80% of car dealership employees’ placed on Government salary support.
Several franchised dealer groups had announced on Monday the temporary closures of their car showrooms just hours before Prime Minister Boris Johnson announced a lockdown of all non-essential workers and businesses tonight.
The Finance and Leasing Association’s (FLA) head of motor finance has said that every effort should be made to keep motorists “in their cars” as coronavirus inhibits some consumers’ ability to make repayments.
While Jaguar Land Rover (JLR) is still producing cars in the UK (for now), the rest of the UK mass auto industry has effectively shut down, as the devastating economic effects of coronavirus unfold across Europe, disrupting supply chains and dramatically reducing demand.
The International Monetary Fund (IMF) and automotive sector analysts have expressed an inability to speculate over the economic impact of coronavirus as businesses grow increasingly “anxious over the duration” of the outbreak’s impact.
Automotive retail sector analysts suggested that the limited eligibility of many business benefits announced in Chancellor Rishi Sunak’s Budget 2020 could limit the advantages for the automotive retail sector.
The National Franchised Dealers Association (NFDA) has urged Government to safeguard the plug-in car grant (PCIG) in order to “ensure a consistent and successful transition to electric vehicles” by 2035.
The National Franchised Dealers Association (NFDA) has called on the Driver and Vehicle Agency (DVA) to allow franchised car dealers to carry out MoT tests as part of a reform of testing legislation in Northern Ireland.