Market insight
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Manufacturer 30 SepUK will have to wait for Lynk & Co €500-a-month SUV mobility service
Lynk & Co has launched its new 01 hybrid SUV in Europe as part of a €500-a-month car mobility “membership” service… But it won’t be coming to the UK in 2020.
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Market Insight 30 SepNFDA welcomes Prime Minister’s apprenticeships ‘reform’ speech
The National Franchised Dealers Association (NFDA) has welcomed a “Skills Speech” by Prime Minister Boris Johnson, expressing hope that it may indicate a move towards jobs generating reforms.
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News 30 SepImperial Cars Birmingham becomes Cazoo's 5th car retail Customer Centre
Online used car retailer Cazoo has opened its fifth Customer Centre in a former Imperial Cars car supermarket site in Birmingham.
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Market Insight 30 Sep80% of buyers still want to visit dealerships in person, study finds
Research by eBay Motors Group has showed that 56% of car buyers “definitely” want to visit a dealership as part of their next car purchase, with 24% saying they would “probably” visit.
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Market Insight 29 SepNew SMMT support scheme offers car dealers 'Safe Harbour' from COVID-19
Car retailers could avoid COVID-19 insolvency and help retain automotive sector jobs after being offered support from the Society of Motor Manufacturer and Traders’ (SMMT) Safe Harbour scheme.
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Car Dealer News 29 SepPendragon reports £31m H1 loss following COVID-19 lockdown blow
The financial blow dealt by COVID-19 coronavirus lockdown contributed to a £31 million underlying loss before tax at Pendragon, the AM100 group has reported in interim results published today.
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Car Dealer News 28 SepRichmond and Delgarth open Suzuki GB dealerships in Botley and Milton Keynes
Richmond Motor Group and Delgarth Motor Group have both opened the doors to new Suzuki GB car dealership locations during the past week.
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Market Insight 28 SepUsed car value growth ‘not sustainable in the long-term’ says Cap HPI
Cap HPI’s head of valuations has said that the continued growth in used car values is “not sustainable in the long-term” - but may continue into 2021.
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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 25 SepSMMT fears ‘disturbing times’ ahead after 44.6% August car manufacturing decline
The Society of Motor Manufacturers and Traders (SMMT) has expressed its fears of “disturbing times” ahead after UK car manufacturing declined 44.6% by volume in August.
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Car Dealer News 25 SepCar dealerships to display NHS COVID-19 ‘track and trace’ QR codes
Car retailers are among businesses across the UK which must now display QR codes to allow the NHS COVID-19 ‘track and trace’ app to monitor the movement of their staff and customers.
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Finance 24 Sep1-in-4 car dealers using COVID-19 loans or overdrafts to stock forecourts
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
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Market Insight 24 SepChancellor unveils Government’s new COVID-19 job support scheme
Chancellor of the Exchequer Rishi Sunak has outlined details of a new COVID-19 job support scheme to replace the furlough option offered by the current Coronavirus Job Retention Scheme (CJRS).
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Market Insight 24 SepEurope’s COVID-19 automotive recovery stalled by 18% August decline
Jato Dynamics said there are signs that “big issues need to be addressed” to ensure that Europe’s automotive sector delivers a COVID-19 recovery following an 18% decline in August new car registrations.
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Manufacturer 24 SepVauxhall Motors logo redesign to have ‘limited impact’ on showrooms
Vauxhall has said that any dealership corporate identity changes will have “have a limited impact on our retail network” after it followed in the tyre tracks of Volkswagen, BMW, Toyota and Lexus to create a new 2D brand logo.
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Car Model News 23 SepRenault unveils new Arkana coupe SUV ahead of 2021 UK launch
Renault has revealed images and specification details for its new Arkana coupe SUV, which will reach UK dealerships in September 2021.
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Market Insight 23 SepCOVID-19 stopped a third of drivers from changing their car in 2020
Consumer research released from CarGuide has revealed that Covid-19 has stopped almost a third of UK drivers (32%) from changing their car in 2020.
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Manufacturer 23 SepLEVC reveals UK growth plan at fully-electric VN5 van launch
The London Electric Vehicle Company (LEVC) has officially added its fully-electric VN5 van to its product line-up - giving its franchised retail network increased sales opportunities.
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Market Insight 23 SepNFDA urges compliance with Government’s COVID-19 face coverings rules
The National Franchised Dealers Association (NFDA) has urged car dealers across the UK to ensure all staff comply with Government’s new face masks rules for retail sector staff.
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Car Dealer News 22 SepCar dealers don face masks under Prime Minister’s new COVID-19 restrictions
Car retailers across the UK will be donning face masks after Prime Minister Boris Johnson announced more stringent measures to keep the COVID-19 infection rate in check this lunch time.
