The car seller said in an update it is still operating in 14 of its 33 markets but at “much reduced” levels.
To save additional cash, the board and senior management are taking a 20% pay cut during the quarter.
As of Tuesday, the automotive retailer had £140mln cash and £460mln in a revolving credit facility.
“We have stress-tested the impact of various conservative scenarios – including a prolonged period of global shutdowns followed by materially reduced activity throughout the second half of 2020 – and are comfortable that we have sufficient financial resources to navigate an extended period of disruption,” the firm said.
Shares advanced 7% to 466.4p on Tuesday morning.