New car registrations in March fell 44.4% due to the impact of coronavirus. Total registrations for the month reached 254,684 units. In 2019 March new car registrations hit 458,054. The year to date

Compulsory commission payments are now included in the Government’s Job Retention Scheme after further details of the ‘furlough’ initiative were released on Saturday, 4 April. Retailers can

Stevenage-based Now Motors saw profits before tax fall from £445k to £400k for the year ending 31 December 2019. Despite Kia sales growing 10% and used sales rising 11%, its Hyundai Richmond

Vehicle owners will be granted a six-month exemption from MOT testing, enabling them to continue to travel to work where this absolutely cannot be done from home, or shop for necessities, the

The Government has confirmed garages, car rental operations and delivery are among the facilities that can remain open while the UK is in lock-down mode. This means that, currently, there is no pause

UPDATE 18.20, 23 March: Several large auto retail groups, including Arnold Clark, Lookers, Marshalls and Sytner, and several smaller dealers are expected to close for new and used car sales in the

Deloitte, PwC, EY and KPMG have warned the FRC, FCA and Department for Business, Energy and Industrial Strategy of potential accounting chaos as the Coronavirus chaos hurts their ability to diagnose

The Financial Conduct Authority has said it “strongly requests” all listed companies due to publish financial statements in the next few days delay their publication for at least two weeks.

The Financial Conduct Authority has put its investigation and consultation into motor finance commission models on hold until at least October due to the Covid-19 outbreak. In a statement by the FCA

Pendragon pre-tax losses increased in 2019 to £97.8 million down from £90.6m in 2018. Revenue dropped to £4.51 billion from £4.63bn in 2018. Despite the loss before tax figure being worse than

£400m of funding secured the Plug-in Car Grant to 2022-23 in last week’s Budget – but retailers and OEMs were caught unawares when, at 5pm on Wednesday, a clarification was issued announcing the

Online-only used car retailer Cazoo has lost its chief financial officer Alex Gersh less than a year after he started and only three months after the new-start business began selling cars. Cazoo has