How many people will be in the market to buy a car once the UK’s current COVID-19 lockdown restrictions have been eased? The answer, as with so much connected with the impact of coronavirus, is that nobody knows. However, there are reasons to be optimistic, not least in the news that 84% of buyers who had planned to buy a car in 2020 are still actively researching their purchase.[Read more…] about How Will the Car Market Perform when the COVID-19 Lockdown is Lifted?
Around the globe, many car factories lay dormant as a result of the coronavirus crisis. Offices that would usually be occupied by staff managing all facets of the automotive trade, from parts acquisition to finance, are empty. In many places – including the UK – dealerships are shuttered, garages are closed and auctions are silent. Only limited services remain, to ensure those who need to stay mobile can.[Read more…] about Coronavirus and the car: the impact of COVID-19 on the automotive world