Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Home Destinations Coronavirus: the end of car showrooms?

Coronavirus: the end of car showrooms?

by gbaf


AFTER closing in March to adhere to the government’s coronavirus guidelines, automotive showrooms across the UK reopened their doors to the public earlier this month.

However, with 71% of British public saying they’re scared to leave the house* and with car manufacturers around the UK launching virtual showrooms, automotive cryptocurrency trading platform, AutoCoinCars, predict that trawling the forecourt’s will soon become a thing of the past.

In order to work safely, car showrooms must ensure that they’re operating in compliance with strict COVID-19 health and safety standards, as well as displaying a health and safety confirmation certificate on-site at all times.

Luke Willmott, operations director at AutoCoinCars says that while it is encouraging to see the UK automotive market starting up again, these safety measures will ultimately lead shoppers to online sales platforms.

Luke said: “These guidelines have meant that showrooms have had to adapt their way of working particularly in how they interact with their customers – including maintaining social distancing protocols at all times and discussing purchasing information with would-be customers via FaceTime, Skype or WhatsApp.

“While it is a step in the right direction for the industry and it is encouraging to see the market re-opening following a difficult quarter, there are still overarching uncertainties as to whether the general public will feel that it is safe enough to return to showrooms and dealerships.

“Due to the impact of COVID-19, fewer than 4,500 cars were sold in April – a significant drop of 97.3% compared to April 2019. Undoubtedly, the primary reason behind these shocking statistics is people have not been able to physically visit showrooms and test out cars for themselves. However, with a large proportion of the UK public still worried about leaving their home, we can expect to see a big shift in the industry as consumers move to online trading platforms to make their next purchase.”

Unlike traditional methods of automotive trading, AutoCoinCars saw a 1000% increase in sales between January and April of this year. The platform also recently announced significant partnerships with some of the UK’s most renowned car dealers, including Redline Specialist Cars, Saxton4x4 and Benz Bavarian, demonstrating the clear demand for online car trading platforms.

Initially founded in 2019 by cryptocurrency expert Mustansar Iqbal, AutoCoinCars provides innovative solutions to enable car dealers to sell their vehicles to previously unavailable markets – and for consumers to not only buy cars of all values but also transfer their cryptocurrency into assets.

Luke added: “AutoCoinCars’ performance within the first half of the year is a clear example of how we can expect to see the market transform in the future. Not only can we expect to see the industry move away from traditional showrooms and forecourts – the rise of cryptocurrency to purchase cars is another trend set to revolutionise the industry.

“Cryptocurrency is expected to become stronger as it operates globally at a time when most nations have closed their borders and are facing an economy seriously impacted by the COVID-19 crisis. With five million people across the UK already using cryptocurrencies, it is clear to see that the future of automotive trading is through these alternative payment solutions.”