government funding
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Market Insight 6 AugAutomotive employers put the brakes on apprenticeship starts
Apprenticeship recruitment in the automotive sector has fallen by 75% in June 2020, compared to 2019, new data from the Department for Education has revealed.
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Finance 3 AugMercedes-Benz Financial Services approved as CLBILS finance support lender
Mercedes-Benz Financial Services (MBFS) has become the first car manufacturer finance house to be approved as a fully-accredited Coronavirus Large Business Interruption Loan Scheme (CLBILS) lender.
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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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Opinion 24 JulGovernment support can 'Kick-Start' car dealers' digital recruitment, opinion
As the motor retail sector emerges nervously from lockdown, dealers are reporting that the shift towards a digitally-led sales model for new and used cars is progressing far more quickly than many might have imagined even just a few months ago.
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Manufacturer 24 JulFord‘s £500m Government loan guarantee to boost exports and EV development
Ford has taken a £650 million loan to boost its investment into the development of electrification and smart mobility solutions in the UK – with the help of a £500m Government loan guarantee.
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Latest News 13 JulCar dealer issues warning after averting £80,000 Bounce Back Loans scam
Car retailers have been warned to be on their guard after a fraudster attempted to scam the James Glen Car Sales out of £41,000 and a Porsche Cayman sports car by exploiting the Government’s Bounce Back Loans (BBL) scheme.
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Market Insight 9 JulSMMT ‘bitterly disappointed’ by Chancellor’s omission of automotive stimulus
The Society of Motor Manufacturers and Traders (SMMT) has expressed “bitter disappointment” over the omission of an automotive sector stimulus package in the Chancellor of the Exchequer’s ‘mini budget’.
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Market Insight 8 JulJob retention and creation Chancellor’s COVID-19 recovery plan priority
Chancellor of the Exchequer Rishi Sunak put job retention and creation front and centre of his £30 billion COVID-19 “mini budget” – prioritising hospitality, tourism and housing with fiscal stimulation measures.
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Market Insight 7 Jul
Chancellor unlikely to ‘support individual pockets’ in COVID-19 mini budget
Chancellor of the Exchequer Rishi Sunak is unlikely to support individual businesses like car dealerships with new COVID-19 recovery packages in tomorrow’s “mini budget”, it has been claimed.
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Latest News 6 Jul
Italian parliament gives green light to new car scrappage scheme
Car retailers in Italy will benefit from a post-COVID sales boost after the country’s government gave the green light to scrappage scheme incentives for buyers.
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Car Dealer News 3 JulMotoNovo announce CBILS support
MotoNovo Finance has announced it is able to provide additional support to the dealer community as an accredited ‘Introducer’ for the Aldermore Coronavirus Business Interruption Loan Scheme (CBILS).
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Opinion 2 JulNon-bank finance lenders left 'out in the cold' in COVID-19 crisis, opinion
Hardly a year goes by without the role of regulation in the economy being reconsidered. Even now, in the midst of a national crisis, the debate continues.
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Market Insight 26 JunSMMT renews Government support plea after 95.4% May car production slump
The Society of Motor Manufacturers and Traders (SMMT) has called for “dedicated support to drive a successful restart” after revealing that COVID-19 shutdowns caused a 95.4% slump in UK car production in May.
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Manufacturer 25 JunToyota and Lexus offer motorists discounts through scrappage schemes
Toyota and Lexus are offering discounts of up to £4,000 to owners of older vehicles to trade up to a brand-new car with the launch of its own its scrappage schemes.
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Market Insight 17 JunGreen number plates pave the way to EV ownership incentives
Government’s decision to fit all pure electric vehicles (EV) with partially green number plates is set to pave the way for incentives which should boost adoption of zero emission transport.
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Aftersales 12 JunCOVID-19 social distancing rules set Arnold Clark apprentices back a year
Arnold Clark chief executive Eddie Hawthorne has admitted that the car retail group’s apprentices will see their training “set back by a year” as a result of the COVID-19 crisis.
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Market Insight 8 JunScrappage scheme could hand car buyers £6,000 EV buying incentive
A Government-back new car scrappage scheme could be set to boost the automotive retail sector with incentives of up to £6,000 to switch into an electric vehicle (EV), it has been claimed.
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Car Dealer News 5 JunInchcape £100m loan appears in Bank of England’s COVID-19 borrowers list
Inchcape has appeared in a list of 53 businesses which have borrowed millions of pounds from the Bank of England under the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS).
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Market Insight 4 Jun
Germany backs electric vehicle sales in €130bn COVID-19 recovery package
German Chancellor Angela Merkel’s coalition has followed the lead set by French president Emmanuel Macron in increasing its grant funding for electric vehicle (EV) buyers as part of its COVID-19 stimulus measures.
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Market Insight 1 Jun
Government CJRS extension welcome despite ‘heavy dose of complexity’
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’.
