How to tackle the problems faced by the core elements of retail as 2021 picks up where 2020 left off As we saw the end of 2020 and the start of 2021 many of us were filled with the enthusiasm of a new...

November is always a loss-making month for UK motor retailers and these challenges were exacerbated in 2020 with the announcement of an England-wide lockdown at the start of the month, adding to...

The frankly stunning post-lockdown profitability results for motor retailers continued during the month of October, with the average retailer making a profit of £53,000, compared to a marginally...

The spring lockdown proved a catalyst for changes in dealerships that have improved processes and overall business efficiency outcomes. But the second lockdown might be one crisis too many for some...

  AVERAGE PAY FALLS, FEWER STAFF FORECAST WHAT DID RETAILERS LEARN IN THE FIRST LOCKDOWN? VERTU’S FORRESTER PRESENTS £3k WATCH TO TOP SALESPERSON CHARLES HURST’S McNAB TO RETIRE AUTO RETAIL...

2020 has been a rollercoaster year for motor retailers and September definitely proved one of the highpoints. After starting the year positively before having to cope with the lockdown during March...

  AUTO RETAILERS IN POSITIVE COVID-19 TESTS EU IMPORT TARIFFS ‘INEVITABLE’? ARTHURS HAS A HEART GRANT SHAPPS VISITS GRANGE CAR DEALER BANNED BY INSOLVENCY SERVICE SONIC AUTOMOTIVE CEO...

HMRC issued a further announcement with regard to the Job Retention Bonus on 2 October, providing details on who will be eligible to claim, which employees you can claim for, the minimum income...

Ever since the switch to a twin plate-change approach, August has been a poor performing month for the UK motor retail sector. Customers, and staff, have holidays and the upcoming new registration...

  LISTERS PROFIT DOWN, MOTORLINE UP LEVC TO PIGGYBACK ON VOLVO NETWORK BCA’S NEW RETAIL READY SALES CAZOO OPENS IN WALES CAR BUYERS DISMISS NEW COVID MEASURES ASE AUTOMOTIVE TAKES OVER US...

In normal years, July is a relatively quiet month for motor retailers, being the first month of a new quarter and marking the lead-in to the summer months. But we know that 2020 is certainly not a...

July saw strong demand return to both the new and used car markets, with Auto Trader reporting records across all metrics. And it’s not just pent up demand, with retailers reporting strong sales in...

Now that motor retail is up and running across the country we can start to decipher the cost of the pandemic shutdown to dealerships. I paused the detailed commentary during the lockdown, however we...

Retailers are reluctant to report on their profitability figures for the last month or two, but there are positive lessons to be learned Deciphering the overall financial performance for the month of...

While May was the second full month of the UK’s Covid-19 lockdown it was also a month when activity started to increase. Service departments were opened to a greater extent, and we received official...

On the back of the some of the adjustments seen amongst the accounts of the listed companies, I have dug a bit deeper into the accounting for pension schemes and the effect they can have on the...

ASE has delivered consulting projects in China for the last five years and has seen first-hand the growth experienced by the Chinese automotive dealers, which has generally been led by an emerging...

With the industry allowed to open the showroom doors from 1 June we are starting to see the recovery and will be able to determine the shape of that recovery over the coming weeks. There should be...

With the industry going into lockdown two thirds of the way through the busiest month of the year, it is no surprise that motor retail profitability took a hit in March. Even now the data is...

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) launched on Monday 20 April. All viable businesses with turnovers of more than £45m can apply for support. Those with turnovers...