Recent prices of new and used SUVs and Crossovers have been tumbling, say analysts at Cazana.
With forecourts shut due to the coronavirus epidemic the emphasis has moved on-line and canny buyers are carefully shopping around for the best deal so sellers have to respond or lose the business and Cazana said it may well be a common trend in the coming weeks and will need to be monitored.
Aston Martin St Athan staff have been furlowed under the latest virus developments.
It is hoped they can return to work as soon as practical and when component suppliers have returned to normal working allowing the summer launch of the DBX crossover SUV after a multi-million-pound cash injection to the business.
Today, the Independent Garage Association wrote to Rt Hon Robert Jenrick MP, Secretary of State for Housing, Communities and Local Government, urging him to provide independent garages business rates relief.
Stuart James, IGA Chief Executive said, “The Government have rightly supported businesses with a rate relief package, however many small retail businesses that serve the consumer directly appear to fall outside the scope of the above relief.
Motor industry charity BEN is stepping up services and advice to employees in the business.
Its new digital platform SilverCloud can help provide support for people experiencing issues with stress, anxiety and depression to help people develop coping strategies, support with sleeping difficulties and money worries.
FTA has launched #LogisticsHelpsLogistics, a social media campaign to help businesses keep goods and services flowing, by filling shortfalls of staff or identifying vehicles with capacity during the COVID-19 pandemic.
By posting jobs or requirements for support on social media, using the campaign hashtag, more than 150,000 logistics workers and business owners have already engaged with the campaign on social media; more than 831,000 individuals in the sector have already been reached in the first five days of the campaign.