On a webinar last week, Kieran Wallace, the high-profile insolvency practitioner, was asked to identify sectors that had shown resilience in the crisis. The head of insolvency and restructuring with KPMG paused for a moment before throwing a curve ball: the motor trade. The conventional wisdom was that the sector would be bruised and battered by the lockdown, remote working and the decline in consumer confidence. Not so, according to Wallace – “I thought garages, new cars, etc. would be in big trouble, they’re not,” Wallace said. “Actually, Covid has brought a really new demand for second-hand cars because people…

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