The developments regarding both the spread of the virus and the UK and other countries governments responses and from this it is becoming very clear that this is going to have a significant, albeit hopefully short term, disruptive impact on businesses in most sectors, including Motor Retail.

Inevitable impacts on the day to day operation of a dealership will potentially include a reduction in the volume of dealership site footfall as we are seeing in Europe as well as an effect on the workplace with the increasing likelihood of stay at home remote working. The speed at which the picture is deteriorating is taking many people by surprise.

There are a number of crucial pinch points for dealers where very large tax and other payments are required to be made in the next couple of months and being proactive ahead of any downturn is crucial. The potential financial support is there for UK businesses as the note explains. It is very important to identify whether this might be required and to make plans to realise this.

The MHA Motor Advisory team have been responding to these events by considering the key areas which are likely to impact dealers and ways in which we can offer guidance and support to help them navigate through these very challenging times over the next few weeks and months. 

Read the full guidance here.

If you need any advice or assistance on the Automotive issues your business is presented with due to COVID-19, please contact a member of our Automotive Team.

RELATED:   AUTOMOTIVE


MORE FROM THE ADVICE CENTRE

News

Car Industry Produce Key COVID-19 Guidance for Dealerships
03/06/2020
On 11th May 2020, the Government published its roadmap for the lifting of COVID-19 restrictions. This included plans to allow Car Dealerships to reopen from the 1st June.
more...

Events

Geldards Upcoming Webinars
26/09/2016
To support you through these unprecedented times, Geldards have been holding regular webinars on legal topics relevant to navigating the Covid-19 crisis.
more...

Blogs

CJRS Tapering Down
01/06/2020
The final date to start furlough for any employee will be 10 June. This is because the government have announced that the Coronavirus Job Retention Scheme (the Scheme) will close to new entrants on 30 June 2020.
more...

Publications

Salus – Wealth and Family Protection
11/03/2020
Salus Magazine is brought to you by the Private Client team at Geldards to help you protect your wealth and family.
more...

Content Contacts

PARTNER

Jonathan Butler

JONATHAN BUTLER

Partner, Derby

+44 (0)1332 378 321
email
more...