A third of UK automotive business are already cutting jobs ahead of Brexit and 79.6% have expressed concerns about the split’s effect on their future profitability, according to the findings of an SMMT survey.
Continued uncertainty over Brexit is holding back the UK’s motor industry from confidently investing in the technologies, business models and expertise it will need tomorrow.
Vertu Motors chief executive Robert Forrester has said that he wishes he could “ban the BBC” among the group’s employees as he bids to block out Brexit negativity to focus on sales process.
The UK’s new vehicle markets might drop by up to 600,000 sales if the country suffers an economic recession and a hard Brexit, according to Citroen’s boss Karl Howkins
Peoples Ford chairman Brian Gilda has repeated his warning that a no deal Brexit will trigger “Armageddon” for UK industry as the group announced its latest set of annual financial results.
New car registrations rose just 1.3% as the key numplerplate change month of September saw the sales appeal of the new 69-plate struggle to overcome consumers' "Brexit anxiety".
DHL Supply Chain has renewed its Jaguar Land Rover (JLR) contract, extending its ten-year partnership with the UK-based premium car manufacturer.
Representative from the industry bodies behind Europe’s automotive manufacturing sector have united in their efforts to deter the UK and EU from allowing a ‘no deal’ Brexit to go ahead.
The Government’s recently Operation Yellowhammer ‘no deal’ Brexit contingency plan will have notable implications for the motor finance sector, according to Bluestone Credit Management.
Bolton Car Centre (BCC Group) has expressed concerns about the impact of Brexit despite a 60.7% pre-tax profit boost delivered with the help of a new Hyundai franchise.
BMW has said that its workers may have to go unpaid for a more than three weeks during an enforced shutdown of its Oxford manufacturing plant after Britain’s departure from the EU.
British car manufacturing output declined -10.6% in July, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
The Retail Motor Industry Federation (RMIF) has posted an increase in operating profits for its annual results despite the impact of an “embarrassing and destructive Brexit quagmire”.
Car buyers will demand greater flexibility from their car finance agreements in the event of a hard Brexit, according to Startline Motor Finance.
PSA Group chairman and chief executive Carlos Tavares has re-stated the French carmaker’s warning that Vauxhall's Ellesmere Port plant could be closed if Brexit makes it unprofitable.
The National Franchised Dealers Association (NFDA) has called on new Prime Minister Boris Johnson to end the Brexit uncertainty with a deal to safeguard the UK automotive retail sector's 800,000 jobs.
The National Franchised Dealers Association (NFDA) has shrugged any suggestions of divisions caused by Brexit by joining the newly-formed Alliance of European Car Dealers and Repairers (AECDR).
The production of cars in the UK declined by 15.5% during May as demand from domestic motorists for home-built vehicles slumped by 25.9% year-on-year, the SMMT has reported.
The next Prime Minister has been warned by the UK auto industry’s trade body that a ‘no deal’ Brexit will cost carmakers millions of pounds per day.
Brexit is yet to have an impact on used car values in the UK according to Cap HPI’s latest analysis of the UK automotive sector.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
Find out what features are in this month's, and future, issues