Can car retail harbour cautious optimism for 2021? Guest opinion 21/12/2020 in Opinion
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Click the thumbs up >As Automotive Managemnent (AM) asks UK car retail businessses to share their hopes and fears for a COVID-19 and Brexit-impacted year ahead in the Outlook 2021 Survey , David Borland, EY UK & Ireland automotive leader suggests there could be cause for cautious optimism .
Read on as he reflects of the past year and the impacts of current market pressures on the 12 months ahead.
To use a driving metaphor to describe 2020, one could say that we started the journey expecting fair conditions, but after a few miles hit freezing fog, navigated an extreme blizzard, faced two road closures, then to top it all got stuck at passport control in a seemingly never ending debate.
COVID-19 creates hardship and heartache along the Canadian border
By Brian MacQuarrie Globe Staff,Updated December 11, 2020, 1:11 p.m.
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Some businesses remain closed with the lights off on Main Street in downtown Calais, Maine. Canadians from neighboring New Brunswick used to account for a large percentage of business to Calais shops and restaurants. Now, businesses are struggling and many have closed their doors for good.Erin Clark/Globe Staff
CALAIS, Maine â The short bridge over the St. Croix River from downtown Calais to Canada stood ghostly quiet on a dreary afternoon, looking more like an abandoned railroad trestle than the bustling international link it has been for decades.
Post-COVID car ownership boom to be led by millennials, EY finds
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Click the thumbs up >Millennials (24-39 year olds) are expected to lead a car ownership ‘boom’ that will benefit the post-COVID car retail sector, according to the 2020 EY Mobility Consumer Index.
It found that, while almost a third of people without a car intend to buy one in the next six months as consumers look for new methods of mobility due to the coronavirus pandemic, Millennials will represent 45% of all first-time car owners.
The study, which surveyed more than 3,300 consumers across nine countries, also revealed that one-in-five (20%) people who already own a car would be open to purchasing an additional vehicle.