Trade and wholesale car sales delivered 3,500 vehicles into the used car market during April’s COVID-19 coronavirus lockdown automotive retail sector, according to Cap HPI.
Analysis of online activity over the last seven days indicate a potential rebound for the car retail market.
Buyacar has completed £1.1 million of used car sales and deliveries during the UK’s COVID-19 coronavirus lockdown - with just 42% going to key workers.
Nearly half of UK public transport users (48%) said they would be less likely to use it once lockdown restrictions have been lifted, according to new research by Auto Trader.
The automotive industry is starting to look beyond the end of lockdown and weigh-up what the short and medium-term impacts of the COVID-19 coronavirus crisis will be.
Car retailers are still working to address an “underlying demand that needs to be served”, according to lead management specialist Dealerweb – with 500 car sold by its clients last week alone.
Car retailers must be ready for the challenge of stocking and selling cars while respecting consumer concerns and observing Government legislation after the COVID-19 coronavirus lockdown.
Online finance software specialist iVendi is offering car retailers its latest and most advanced car sales platform product free of charge in a bid to mitigate the impact of the COVID-19 coronavirus lockdown.
CarGurus has asserted that its operations in the UK market remain a priority as it prepares to “wind-down” its business in Germany, Spain and Italy amid the challenges presented by the COVID-19 coronavirus.
Independent dealers have been flocking to online sales platforms in the last three weeks since the Coronavirus lockdown began, according to ClickDealer.
The high-demand for sub-£10,000 used cars seen in Q1 is expected to continue when the COVID-19 coronavirus lockdown is lifted, according to Aston Barclay.
Almost a fifth of car buyers are poised to make a purchase as soon as the current COVID-19 coronavirus lockdown is lifted, according to survey data published by What Car?.
Moneypenny and Inductus have joined the list of suppliers offering services for free in a bid to help car retail businesses cope better with the impact of COVID-19 cornoavirus.
Car dealers will return to a trading environment where tradition motor finance credit checks have reduced relevance as a result of cash-boosting measures introduced to boost personal finances.
New business volumes in the consumer car finance market fell 1% by volume but grew 2% in value in February 2020, data published by the Finance & Leasing Association (FLA) has shown.
Used car values have continued to fluctuate online despite calls from Cap HPI and Auto Trader to maintain a stable market through the postponement of changes amid the COVID-19 coronavirus lockdown.
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.
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.
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.
The past couple of weeks have seen unprecedented and rapid changes at a personal and business level driven by sweeping government responses to the COVID-19 coronavirus pandemic.
