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Car Dealerships closing down / redundancy

Audi Bairn Jun 4, 2020

  1. Audi Bairn

    Audi Bairn Moderator Staff Member Moderator Gold Supporter

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    V6_Man likes this.
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  3. V6_Man

    V6_Man Moderator Staff Member Moderator VCDS Map User

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    Oh dear! Let's hope it is not the beginning of the next cycle of redundancies like we had in 2008/09 financial crisis.
     
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  4. Adam14

    Adam14 Well-Known Member

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    Unfortunately, I work in the finance industry and for a lot of businesses it is bleak, I fear this will only be the start of losses in some sectors. However there have definitely been winners and losers, some clients have experienced extraordinary growth over this period.
     
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  5. Audi Bairn

    Audi Bairn Moderator Staff Member Moderator Gold Supporter

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    Personally I think it’s going to be a lot worse than 08/09 but hoping not.
    Drops in sales of 97% and 89% The last two months will have a massive effect sadly.
    I would fully expect a raft of car deals as they try to boost sales but that won’t help any poor folk that have already lost their jobs.
     
    V6_Man likes this.
  6. voorhees

    voorhees Moderator Staff Member Moderator

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    Its bleak times and even the surge in sales when they open will not ever make it up, all for a virus that isn't the Black Death.
    I wonder how many die as a result of the side affects of this.
     
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  7. Bristle Hound

    Bristle Hound Moderator Staff Member Moderator

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    @Audi Bairn - I saw this too mate
    We have a quite a few Lookers dealers near us & they are talking about shutting branches down

    Near to us we have already lost a major Ford main dealer, a big JLR dealership & this was before Covid19
     
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  8. Retroman

    Retroman Audi A3 2010 Sportback 2.0 TDI 170 (CBBB engine)

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    Aston Martin have been struggling for a while
     
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  9. V6_Man

    V6_Man Moderator Staff Member Moderator VCDS Map User

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    I agree mate. I was reading the other day and it said that in just the first month of the lockdown the economy tumbled by as much as it did in the 18 months after the global financial crisis in 2008/09.

    And given how long we have been in the lockdown; the pace at which the economic activities have started since it was partially lifted I fear far worse.

    Let's hope it all starts getting better soon. Never a good time to see someone lose a job or a company go bankrupt.
     
    Audi Bairn likes this.
  10. Rich76

    Rich76 Well-Known Member

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    I work for a large dealer chain in the service department but talking to the sales guys had a choice come back with a drastically reduced pay plan or stay on furlough and probably ultimately get made redundant

    saying that they have been busy all week with plenty of sales and enquiries

    as a service department even though we are on reduced staff we are still doing the same amount of work or there about
     
    X3man, CHEZ, Audi Bairn and 1 other person like this.
  11. RS3 S.

    RS3 S. Well-Known Member

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    One of the reasons we need to start ending this lock down now !!!!. We cant go on for much longer like this or there will be nothing left to come back too. The cure will be worse than the disease.
     

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