The latest issue of AM magazine is published today with insights into the impact of FCA changes to finance rules, Honda's next stage in its retail network redesign and a first drive of the new Tesla Model Y.
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Consumer uncertainty is the main hurdle to the car retail sector’s revival after showroom doors reopen on April 12, according to industry leaders.
An exclusive AM survey of the sector’s chairmen and directors, carried out in partnership with JudgeService YourPoll, showed dealers should be marketing the appeal of buying a new car now as Lockdown 3 nears its end.
Asked what is the most significant barrier to new car sales, 53.9% of respondents – a mix of chief executives, directors and other ‘C-suite’ leaders – said it is consumer confidence, and 50% felt the same regarding used car sales.
And 57.7% said it was the main driver in reduced aftersales throughput, despite Government allowing servicing and maintenance work to continue.
Click the thumbs up >The next quarterly AM Motor Retail Review webinar takes place on April 6 with guest panellists sharing their insights into Q1 sales, consumer confidence and strategies for a successful 2021.
Joining AM s editor and webinar chairman Tim Rose are:
Neil Addley, managing director of JudgeService Yourpoll
Ben Archer, operations director at Arbury Motor Group
Daksh Gupta, chief executive of Marshall Motor Holdings
Philip Nothard, director of strategy and insight at Cox Automotive UK
AM editor Tim Rose said: Given that motor retail has remained in lockdown during Q1 2021, I expect this to be a fascinating discussion full of insights into how the industry has coped and continued to serve buyers and service customers as best it could.