Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has expressed hopes of a “brighter” 2022 for UK automotive after new car registrations declined by 24.6% in October.
The decline on new cars sales, caused by the coronavirus pandemic and the semiconductor shortage, in the last two years is estimated to have cost the aftersales sector £600 million.
Tesla’s record quarterly net profit of $1.6billion (£1.16bn) suggests the electric vehicle (EV) manufacturer has been ‘nimble’ in its approach to managing semiconductor shortages, it has been claimed.
Franchised car dealers across the UK experienced the lowest new car registrations total since 1998 in a “desperately disappointing September” number plate change month, the SMMT has confirmed.
Fast-growing MG Motor UK has promoted national fleet sales manager Geraint Isaac to the newly-created role of head of fleet as it looks to “really grow its presence in the fleet market”.
Electric vehicle (EV) sales outnumbered those of diesel cars across Europe as registrations declined by a further 18% year-on-year, Jato Dynamics has reported.
Dicksons of Inverness have extended MG Motor UK’s reach into the Highlands with the opening of a new dealership in its home city.
MG Motor UK has achieved a new sales record of 20,000 units this year to date, beating its 2020 volumes by more than 1,500 units.
More than a fifth (21%) of in-market new car buyers have been unable to test drive vehicles they are interested in, according to a new study by What Car?.
SMMT chief executive Mike Hawes has said that OEMs were doing “all they can” to deliver new cars to customers after the UK suffered its worst August sales performance since 2013.
A study by Grant Thornton and Cox Automotive reveals the impact of coronavirus countermeasures on vehicle manufacturers and their abilities to mitigate the effect.
The average retail price for an electric vehicle in the UK is 52% higher than that of an equivalent internal combustion engine (ICE) powered model.
Car buyers heading into showrooms this September will be able to achieve discounts of up to 20% on a new car despite stock shortages resulting from the global semiconductor production crisis.
Issues with the supply of electric vehicles (EV) have prompted the UK Government to extend the period allowed for car dealers’ plug-in car grant (PiCG) orders from nine to 12 months.
MG Motor UK’s growing franchised car retail network continued to grow the brand’s new car registrations despite July’s vehicle supply and COVID-prompted sector headwinds.
Supply issues resulting from global semiconductor shortages and the ongoing impact of the UK’s COVID-19 ‘pingdemic’ have been blamed for the lowest July new car registrations total since 1998.
Car buyers boosted the consumer motor finance sector’s volumes by 12% in June – a year on from the 2020’s easing of the UK’s first coronavirus lockdown.
Jato Dynamics has said that it is “unclear” whether Europe’s new car registrations volumes will return to pre-COVID pandemic levels after the sector’s recovery slowed in June.
New car subscriptions will help Volvo Cars grow market share in the years ahead as it expands its Care By Volvo service to target business customers.
Cox Automotive has downgraded its 2021 new car registrations forecast by 2.48% amid expectations that vehicle supply issues will leave Q3 deliveries down 17.7% on the 10-year average.
New AM magazine features car brand Genesis, a looming surge in MOT demand, supplier insights across critical sectors and insights into JCT600's property dilemmas
Semiconductor shortages, the transition to electric vehicles (EV) and “the true impact of Brexit” are among new car retail disruptions that are set to fuel a strong used car market in to 2022, says Cox Automotive.
Perrys Motor Group is outperforming its pre-pandemic car sales volumes according to a breakdown of COVID-19’s impact on the AM100 group.
In his latest guest opinion article for AM, Prof Jim Saker questions whether a car manufacturer's 'teddy in a box' free gift was appropriate for a "grumpy old academic".
Car manufacturing is said to be suffering from “long COVID”, with new vehicle supply issues blamed for UK registrations total which remained adrift of pre-pandemic levels in Q2, 2021.
