Motor finance companies and car dealers have borne the brunt of the COVID-19 pandemic, but how well have they overcome the challenge of motorists' 1.8 million requests for finance forbearance.
TrustFord chairman and chief executive Stuart Foulds has said he was “relatively pleased” with the group’s COVID-impacted 2020 financial results – despite recording a £5.2m pre-tax loss.
TrustFord has embarked on a nationwide tree-planting exercise and donated £10,000 to green community projects in response to a residents’ backlash over tree felling at its newly-acquired Wimbledon Ford dealership.
TrustFord has continued the consolidation of the Ford's car retail network in London through the acquisition of Cambria Automobiles’ franchises in Croydon and Wimbledon.
Car retailers in England and Wales celebrating the reopening of car showrooms after COVID-19 ‘Lockdown 3’ are now eager to leverage pent-up demand, with some expecting a “bumper Q2”.
Super-fit automotive sector fund-raisers walked, cycled and ran their way to a £159,000 charity windfall as part of the Breakout For Ben initiative.
Supercar dealer Romans International is set to expand its showroom facilities into a former TrustFord dealership a “stone’s throw” from its current location in Banstead.
Car retail bosses have voiced concern that a failure to re-open car showrooms in-time for the March number plate change will impact jobs and the economy, claiming “MPs fundamentally do not understand business”.
TrustFord has gained planning permission for a new dealership site in Guernsey which will allow the business to bring its Ford retail, aftersales and body shop businesses under one roof.
TrustFord has seen its car sales volumes decline by around 40% during COVID-19 ‘Lockdown 3’ trading in England and Northern Ireland – but home delivery boom is driving commercial vehicle records.
TrustFord has officially opened a 20,000 square foot service and PartsPlus aftersales centre in Alperton, North-West London, following a £1 million investment in the site.
Jardine Motors and Trustford HR directors Clare Martin and Sharon Ashcroft gained special recognition as the Automotive 30% Club presented its annual ‘Inspiring Women’ automotive sector awards.
TrustFord’s mile-munching Breakout for Ben fundraising initiative will be rolled-out to the entire industry in a bid to help the automotive charity plug a £1 million fundraising gap in 2021.
A fast-thinking TrustFord employee chased and apprehended a car thief who pushed aside a sales executive before speeding from the AM100 retail group’s Castleford forecourt in an £8,000 Audi A1.
TrustFord has pledged to donate £20,000 from the TrustFord Trust to Ben in response to the charity’s urgent plea for assistance amid £1m funding shortfall.
TrustFord’s Alperton dealership site has been offered for sale as the Ford of Britain-owned AM100 car retail group consolidates as part of the brand’s plan to close almost half of its UK franchised retail sites.
Business leaders from AM100 franchised car retailers Sytner, Lookers, TrustFord have joined the NFDA in lobbying Northern Ireland MPs on a Brexit tax issue which could result in a 20% price hike for used cars.
TrustFord is poised to expand its Ford Quick Lane tyre and service aftersales fast-fit centre network with the opening of a £400,000 facility in Gorton, Greater Manchester.
Suggestions that Ford car retailers could go out of business as the result of a Brexit-related change to the brand’s VAT invoicing have been branded as “scaremongering”.
TrustFord preparing for new store concept and aftersales openings after celebrating “stunning performance” to carry momentum from its COVID-19 comeback in Q3.
