Thatcham Research has called on automotive businesses to continue their investment in apprenticeships despite the COVID-19 coronavirus lockdown period.
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Racing Point F1 Team owner Lawrence Stroll is targeting a return to vehicle production after providing a £536 million funding boost to Aston Martin.
The PSA Group has said that it is now fully focused on preparing the “rebound in a chaotic economic environment” following a coronavirus-impacted 29% global sales decline in Q1, 2020.
Pendragon has appointed former Mercedes-Benz USA president and chief executive Dietmar Exler as a non-executive director.
There are now more vehicles on UK roads than ever before, despite a decline in demand for new models.
While new car sales have been impacted by UK showrooms closing, car manufacturers are still putting offers together for Q2 and customers can apply for credit.
While the automotive sector has undergone dramatic digital transformation, the sales process has remained the same with the customer quickly funnelled into the showroom. Coronavirus has changed all that.
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.
The National Franchised Dealers Association (NFDA) has said that online car sales and deliveries “remain acceptable” during the COVID-19 coronavirus lockdown.
