Industry News

With so much change currently and predicted to effect the automotive industry over the next few years, access all you need to know about your business area to keep yourself abreast of the latest developments.

You can filter the news feed to reflect your particular area of interest.

Jun 1 2020

Car Dealers occupy bigger geographic footprint as buyers head online

Online sales models attract buyers from further afield post COVID-19 lockdown.

May 26 2020

Coronavirus reshaping the used car market

With traditional sales being closed due to COVID-19 lockdown more vehicles are being sold online.

May 26 2020

Prime Minister gives green light for car showroom re-opening on 1 June

The 2 month enforced closure of outlets due to COVID-19 is ending on 1 June with showrooms re-opening and further retailer outlets opening on 15 June.

May 20 2020

Scrappage scheme may be required to jump start car industry

Manufacturers are calling UK Government to introduce scrappage schemes and other incentives to boost new car sales.

May 19 2020

UK HGV market down -22.5% in Q1 2020

HGV market fell BY -22.5% in the first quarter of 2020, with 9,193 units registered.

May 18 2020

CitNOW introduces Live Video to support contactless sales and aftersales

The new live video feature, will enable retailers to have remote face-to-face interactions with customers.

May 15 2020

Used car market shows signs on recovery

Cap hpi sees an increase in the used car market by 70% compared to two weeks earlier.

May 14 2020

AFP has reported 20% increase in training courses during lockdown

The rise is being attributed to furloughed and other fleet decision-makers as an opportunity to improve their skills and qualifications.

May 14 2020

BRVLA issues safety guide to support industry’s return to work

The new published guidance by BRVLA aims to support those working in the vehicle rental and leasing sectors.

May 14 2020

CD Auction restarts auctions for dealers

As industry returns to normal CD Auctions will gradually increase the frequency & scope of sales to ensure vendors and buyers have the services they need.

May 13 2020

NFDA partners with Auto Trader to enable retailers to display EVA badge of approval on adverts

The EVA accreditation will give confidence to motorists that EV approved retailers can provide the best possible customer experience in the EV sector.  

May 12 2020

Used car market declined by -8.3% in Q1

Latest figures released by SMMT show -30.7% fall in March making it the lowest March on record as coronavirus lockdown continues.

May 7 2020

Dealer profitability for March falls by £50k

Compared with March 2019 profitability fell by £50k with industry missing out on the busiest and most profitable month of the year.

May 6 2020

Cox Automotive predicts 29% new car sale decline post Covid-19

Cox Automotive has predicted a stop/start recovery from the COVID-19 outbreak for the automotive retail sector.

May 5 2020

IMI launches webinars supporting automotive individuals and businesses

The COVID-19 hub provides support, insight and resources for auto industry professionals, employers, learners and training centres.

May 5 2020

UK’s used car & van markets ‘will bounce back’ post lockdown

Post-lockdown market will see prices stabilise after a month or two and then increase on the back of strong demand.

Apr 29 2020

Gov offers small businesses ‘bounce back’ loans

Between £2,000 & £50,000 loans available on an interest free basis for the first 12 months via government online application process.

Apr 29 2020

Used car dealers making weekly price alterations

Further retail price movements across UK automotive market as online sales improve.

Apr 24 2020

FCA confirms car finance measures

FCA will be introducing a package of measures to support motor finance customers during COVID-19.

Apr 24 2020

More work needed to prevent lasting damage to the economy

Latest figures from the Purchasing Managers’ Index (PMI) show manufacturing & services industries are experiencing biggest slump ever recorded

Apr 22 2020

UK’s used van market will recover fastest from COVD-19 lockdown

Following the COVID-19 coronavirus lockdown businesses will turn to commercial vehicles to re-start their operations.

Apr 21 2020

Mandata launches job management tool

The new job management tool will help owner-drivers & operators with small fleets run their businesses more efficiently.

Apr 20 2020

Jobs at risk as UK car retailers forced to make redundancies

One in two UK car retailers may need to make redundancies before the end of 2020.

Apr 17 2020

FCA expects motor finance firms to provide 3 month payment freeze to customers

 The 3 payment freeze is for customers who are having temporary difficulties meeting finance or leasing payments due to coronavirus.

Apr 16 2020

Independent dealers make online sales move

More than 500 dealers have joined ClickEngage platform in the last 3 weeks since coronavirus lockdown began.

Apr 14 2020

Consumer finance decline 1% by volume in Feb

New business volumes in the consumer car finance market fell 1% by volume but grew 2% in value.

Apr 14 2020

Used car sales fluctuate as shoppers head online

Used car values continue to shift despite pause on sales due to coronavirus outbreak.

Apr 9 2020

IMI launches COVID-19 hub for automotive professionals

The hub will help auto industry professionals, employers, learners & training centres overcome challenges during coronavirus outbreak.

Apr 7 2020

No clean air zones until 2021

The introduction of clean air zones (CAZs) to be delayed until Gov overcomes COVID-19 pandemic.

Apr 7 2020

Automotive jobs fall by 41% due to coronavirus

The automotive sector experienced 10th largest drop in vacancies out of all the industries monitored.

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