As published in Automotive World on 30 December

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In March 2020, the automotive industry watched the Prime Minister announce what turned out to be the first lockdown with a sense of dread due to the unknown.

A wide variety of predictions were made, ranging from wholesale doom to a slightly less drastic partial economic recovery for the following year. In June when the first lockdown ended the Society of Motor, Manufacturers and Traders (SMMT) predicted a loss of one in six automotive jobs in the UK and many dealer groups and manufacturers were looking to the near-term future with real concern.

Mark Frostick, Senior Associate at Rapleys Automotive & Roadside team explores how this has impacted the automotive market, from increased demand in secondhand vehicles to the increased cost of building materials.

Read the article in full here.

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