Despite the unprecedented situation we all find ourselves in, our eMaster partners have been able to partly shield themselves from the rapid decline in March new car registrations. With the SMMT figures showing that year-on-year private new car registrations fell by a record 40.4% in March, our eMaster partners beat this figure by an average of 15.0 percentage points, with two of our larger partners bettering it by an incredible 37 and 38 percentage points respectively when compared to March last year.
With the lock-down hopefully ending within the next few weeks, now is the time for OEM’s and dealers to lay plans for when things return to normal, and eMaster will certainly be an indispensable solution to help vehicle sales bounce-back.
FISC’s Global Head of Retention Products, Stephen Hebditch, commented… “These are uncharted waters for all of us, but our commitment is to help all of our partners and we’ve been working closely with all of them in the UK and internationally to assist them as much as possible through the crisis. When this is all over, eMaster will clearly identify the pent-up demand as well as manage the delayed and on-going end of term contracts on a customer-by-customer basis. I am pleased that we have a unique tool to provide a positive and proactive way forward that will help to limit the impact that Covid-19 has had on all our businesses”.