PSA Group-owned Robins & Day car retail group has announced that it intends to re-open its entire network of 45 UK car dealerships by the end of this week.
Six-in-10 car retailers believe that prolonged grants and support from Government are required to support the automotive retail sector through the COVID-19 coronavirus crisis as redundancies begin.
Car retailers have been categorised among a Government-issued list of retail providers who can provide a click and collect sales process during the COVID-19 coronavirus lockdown.
The Chancellor of the Exchequer, Rishi Sunak, has confirmed that the Government Coronavirus Job Retention Scheme (CJRS) will be extended to October – at its current 80% rate of salary support.
Generous car retail businesses who promised to exceed the 80% salary funding cap of the Government’s Coronavirus Job Retention Scheme (CJRS) will face an increased financial burden if support is cut to 60%.
Car showrooms are likely to join “non-essential” retail businesses in re-opening on June 1 if infection rates remain under control, Government’s 50-page ‘COVID-19 Recovery Strategy’ document indicates.
Car dealers across the UK are hoping that Prime Minister Boris Johnson delivers clarification on the easing of certain COVID-19 coronavirus lockdown measures in an address to Parliament today (May 11).
The Finance and Leasing Association’s (FLA) has renewed its appeal for help from Government and the Bank of England as coronavirus impact sparks 1.2 million finance forbearance claims.
Car retailers would benefit from more flexibility from Government’s coronavirus job retention scheme (CRJS) as the financial balance of returning furloughed staff to work becomes businesses' "biggest challenge".
The National Franchised Dealers Association (NFDA) has said that it is vital that Government and car manufacturers “evaluate a support package that stimulates the market” following April’s 97.3% sales slump.
AM is keen to gain insight into the levels of support received from Government and car retailers’ manufacturer partners as they battle to mitigate the impact of the COVID-19 coronavirus lockdown.
An £8.2 billion hit already sustained by UK car manufacturing as a result of COVID-19 coronavirus factory shut-downs could get “much worse” without a rapid retail resurgence, the SMMT has warned.
Smaller businesses could access new Government-backed 'Bounce Back' loans of up to £50,000 “within days”, according to Chancellor Rishi Sunak.
The HMRC online portal allowing businesses to register employees for Government’s Coronavirus Job Retention Scheme (CRJS) is set to feel the strain when applications flood-in following its launch today (April 20).
One in two UK car retailers fear they will be forced to make redundancies before the end of 2020 as a result of the impact of the COVID-19 coronavirus outbreak.
Chancellor Rishi Sunak has written to Simon Bailes Peugeot to praise the car retailer from its support of the NHS during the COVID-19 coronavirus outbreak.
Rising unemployment could hamper retail business’s ability to recover from the COVID-19 coronavirus lockdown as the prospect of longer-term disruption threatens to leave the UK economy “scarred”.
The Finance and Leasing Association (FLA) wants Government and the Bank of England (BoE) to take urgent action to support the non-bank lending market durin the ongoing COVID-19 coronavirus lockdown.
The Independent Motor Dealers Association (IMDA) has celebrated the inclusion of regular commission payments in the calculation of their income in revisions to the Government’s Job Retention Scheme.
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.