Covid-19 Business Watch
WATCH: What is the true state of the automotive industry?
Michael Avery talks to a panel about the automotive industry and the challenges it faces
The automotive value chain was already under pressure before the Covid-19 pandemic; in a study by Deloitte (The economic impact of Covid-19 on the auto value chain, June 2020), 66% of respondents recorded a decline in earnings prior to the pandemic.
Most dealers and dealer groups have moved their focus from profit to liquidity and this was backed up by the release of the vehicle sales numbers this week...