The Impacts of COVID-19 on Auto Dealers and Financiers

As the COVID-19 crisis continues to disrupt business as usual and throws the Australian economy in to uncertainty, the automotive industry is faced with an abundant of unique challenges.

The pandemic has only compounded the difficult economic conditions felt by dealerships and auto financiers, who in recent years have experienced challenging regulatory changes and significant negative growth in new car sales.

Dentons Banking and Finance Partner, David Carter and Recovery and Restructuring Managing Associate, Fintan O’Connor discussed the impacts that COVID-19 has had on auto dealers and financiers and things to look out for as a dealership.