In this issue
Issue 22 • February 2021
In this issue
Issue 63 • January 2021
Welcome to the first Motor Finance digital edition of 2021.
Roughly a year ago, reports of a deadly virus in the Wuhan district of China began gaining real traction in the global press. Videos of overran hospitals and deserted streets flooded social media, but for most people (myself included), the virus still seemed like a distant problem in a distant land.
Fast forward a few weeks and most of the world’s population found itself in various forms of lockdown. Governments scrambled to alleviate the immense stress on health services, while industry screeched to a halt.
Automotive was one of the most adversely affected sectors, as factories and dealerships were forced to close their doors and shut down production. Government schemes and support packages were rolled out across the world to support struggling businesses, with some countries launching automotive-specific rescue packages worth billions of pounds.
The summer months brought a welcome fall in Covid-19 cases and a relaxation of lockdown measures, however hopes of a V-shaped recovery were soon dashed by the emergence of a second wave of the virus. Recovery remains fractured and unpredictable, but with vaccines being rolled out at a rapid rate, there is now real hope that we are approaching the end of this very dark tunnel.
In this edition we look back at how various automotive industries around the world reacted to the outbreak, and question what lasting impact Covid-19 will have on consumer behaviour and business processes.
Chris Lemmon, editor