This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
27 May 2020
AUTO TRADER GROUP PLC
Auto Trader Group plc (LSE: AUTO, "Auto Trader" or the "Company"), the UK's largest digital automotive marketplace, today provides a further update on its response to the ongoing COVID-19 situation.
A return to charging whilst continuing to support our customers
The government's guidance on 25 May confirmed that vehicle retailers in England can reopen from 1 June. Today, we will advise those customers of the support we will provide as they resume trading. This will include a 25% discount for the month of June. We will confirm any changes to our existing arrangements with our customers in Wales, Scotland and Northern Ireland at such time as their government announcements are made.
Nathan Coe, Auto Trader's Chief Executive Officer, commented: "This recent government announcement is an important step forward for the automotive industry, and we will continue to support our customers as they resume trading. It is encouraging that both our marketplace data and our consumer research suggest healthy levels of demand."
Powerscourt +44 (0)20 7250 1446
About Auto Trader
Auto Trader Group plc is the UK and Ireland's largest digital automotive marketplace. Auto Trader sits at the heart of the UK's vehicle buying process and its primary activity is to help vehicle retailers compete effectively on the marketplace in order to sell more vehicles, faster. Auto Trader listed on the London Stock Exchange in March 2015 and is now a member of the FTSE 100 Index.
For more information, please visit https://plc.autotrader.co.uk/
Market Abuse Regulation: Auto Trader Group plc Legal Entity Identifier: 213800QLK9BZILB1DI86. Notification by Claire Baty, Company Secretary
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact firstname.lastname@example.org or visit www.rns.com.