Market insight
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Market Insight 9 AprWaiting times for EVs to be the same as petrol and diesel cars, says WhatCar?
Waiting times for new electric vehicles (EVs) are expected to be the same as petrol and diesel models as the new car market recovers from the COVID-19 coronavirus crisis, according to WhatCar?.
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Market Insight 9 AprGovernment furlough portal set to open amid car retail fraud allegations
Franchised car retailers have been accused of abusing the Government’s Job Retention Scheme (JRS) as businesses across the UK prepare for the opening of the HMRC's portal to register for the salary support.
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Retailing 9 AprAM Round Table: Tensions rise among car dealers as margins fall
Relationships between franchised car retailers and their manufacturer partners show signs of strain due to shrinking margins, if conversations at the AM Awards 2020 round table meeting are anything to go by.
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Market Insight 8 AprUsed car dealers must ‘resist temptation to reduce prices’, says Auto Trader
Auto Trader has urged used car dealers to resist the temptation to reduce the values of their vehicles to retain hope that the market will “pick up where we left off” after the COVID-19 coronavirus crisis.
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Car Dealer News 8 AprPendragon donates 20% of CEO’s pay to NHS in COVID-19 impact mitigation plan
Pendragon has announced that 20% of chief executive Bill Berman’s pay will be donated to the NHS as employees across the group were furloughed and took wage cuts during the COVID-19 coronavirus lockdown.
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Market Insight 8 AprConsumers widen new car searches during UK's coronavirus lockdown
Carwow has seen car buyers across the UK widen their search for their perfect new car during the COVID-19 coronavirus lockdown, with a doubling of sales between 51 and 100 miles from a customer's home address.
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Market Insight 8 AprMarch focus meant £17,500 February loss for car dealers, reports ASE
Car dealers focussing on what should have been a busy numberplate change month of March suffered a £17,500 loss for the month prior to of the outbreak of COVID-19 coronavirus, ASE has reported.
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Market Insight 7 AprVertu Motors trials thermometers as MoT Test centre begins COVID-19 testing
Vertu Motors begun trials of thermometers to test for COVID-19 coronavirus at its showrooms as an MoT centre in Belfast started operations as an official virus test facility today (April 7).
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Market Insight 7 Apr
Automotive sector ‘cash burn’ to attract scrutiny during coronavirus outbreak
The rate of “cash burn” within automotive sector businesses will come under close scrutiny during the COVID-19 coronavirus lockdown, according to GlobalData.
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Car Manufacturer News 6 AprFord Peace of Mind finance deal offers six-month payment holiday
Ford has launched a new Peace of Mind finance plan that offers customers a six-month payment holiday to help new car and van buyers offset the impact of the COVID-19 coronavirus outbreak.
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Supplier News 6 AprCar retailers should be ready for post-coronavirus bounce back, says Auto Trader
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.
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Opinion 6 AprNothing suggests a coronavirus-prompted used car values crash, guest opinion
There is nothing in the current trade or retail data to suggest that used car values will crash due to the COVID-19 coronavirus lockdown period.
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Car Dealer News 6 Apr
IMDA celebrates inclusion of commission pay in Government Job Retention Scheme
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.
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Market Insight 6 AprNew car sales decline 44.4% in March COVID-19 coronavirus lockdown
New car sales declined 44.4% in March as the COVID-19 coronavirus lockdown took its toll in the second half of the key number plate change month for franchised retailers.
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Market Insight 3 AprTechnology is finally tackling car dealers' customer data challenges
The quality of consumer data found within a car retailer's DMS can sometimes be questionable – but there is now a range of ways to guarantee it’s useful.
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Car Dealer News 3 AprGovernment opens-up coronavirus interruption loans to larger businesses
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.
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Finance 2 AprFCA proposes loan repayment freeze for coronavirus-hit consumers
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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News 1 AprImperial Cars boss sets up coronavirus discussion forum for car dealers
Imperial Cars operations director Neil Smith has set-up social media discussion and support forums to allow car retailers to discuss business issues and advice via LinkedIn and WhatsApp.
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Market Insight 1 AprCar dealers 'unlikely to give ground lightly' in customer data battleground
The arrival of the connected car, with its incredibly valuable dataset, will see OEMs encroach on the retailer’s patch even more, but dealers are unlikely to give ground lightly.
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Used Cars 31 MarCoronavirus-hit car dealers ‘jostle for position’ with online price reductions
Used car dealers had begun to reduce the value of their forecourt stock as the UK transitioned from normal trading into a Government-imposed COVID-19 coronavirus lockdown, according to Cazana.
