Brexit
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Market Insight 28 MarUK car production fell 15.3% in February, reports SMMT
A ninth consecutive month of declining car production at UK manufacturing plants should serve as “a wake-up call” for anyone who thinks the sector could survive a ‘no deal’ Brexit, the SMMT has said.
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Market Insight 25 MarCar dealers cut debt by 22% to guard against ‘post-Brexit storm’
The UK's top 100 car retailers have cut 22% of debt from their business in order to avoid a “post-Brexit storm”, according to the findings of research carried out by UHY Hacker Young.
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Market Insight 13 MarBrexit uncertainty impacts new car sales, says BuyaCar
Brexit uncertainty has impacted consumer confidence, with almost half of all car buyers delaying the purchase of their next vehicle, according to BuyaCar.co.uk
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Aftersales 13 Mar
Car parts to avoid import tariffs in no deal Brexit scenario
Car parts will not attract an import tariff if the UK Leaves the EU under a ‘no deal’ scenario, scrutiny of a 1,477-page hard Brexit plan has revealed.
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Car Dealer News 13 MarMarshall talks acquisitions despite 2% turnover decline in 2018
Marshall chief executive Daksh Gupta said that the group is well-placed to make “another Ridgeway-style acquisition” as he highlighted a strong balance sheet amid 2018 financial results which revealed a 2% decline in turnover.
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Car Dealer News 13 MarLookers reports 9% pre-tax profit decline in 2018 financial results
Lookers recorded a 9% decline in pre-tax profits despite growth in aftersales and used cars as WLTP impacted new car supplies and economic uncertainty impacted consumer confidence in 2018.
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Supplier News 12 Mar
SMMT busts 13 common Brexit myths
SMMT has said that it will “put the record straight” on ‘no deal’ Brexit impact by dispelling 13 common myths as Parliament debates the meaningful vote.
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Aftersales 11 MarUp to 1,000 bodyshops face closure ‘within a fortnight’ of no deal Brexit
Brexit could cause the closure of up to 1,000 vehicle repair outlets within a fortnight of Britain’s departure from the EU under a ‘no deal’ scenario, a meeting of the sector’s providers has suggested.
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Market Insight 5 MarTwice as many UK car dealers see Brexit as a ‘threat’, says Close Brothers
Car dealers are increasingly viewing Brexit as an “issue” as 50% of dealers rank it highly on a list of threats, according to Close Brothers Motor Finance’s Dealer Satisfaction Survey.
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Market Insight 1 MarBrexit uncertainty putting 33% off car purchase, Auto Trader finds
The results of the latest Auto Trader Market Report have revealed that a third of the UK potential car buyers are being put off a purchase due to the uncertainty surrounding Brexit.
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Market Insight 28 Feb
UK car production's 18.2% January decline 'a serious concern'
UK car manufacturing suffered another decline in productivity during January as the volume of vehicles rolling off production lines fell by 18.2% to 26,858.
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Manufacturer 27 FebVauxhall may be ‘the survivor’ of post-Brexit UK car manufacturing
Vauxhall may emerge as “the survivor” of a post-Brexit car manufacturing sector in the UK, according to PSA Group chief executive Carlos Tavares.
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Supplier News 26 FebCarwow creates online tool to predict no deal Brexit car costs
Carwow has created an online tool to predict car costs after no deal Brexit, which motorists fear will make vehicles more expensive.
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Finance 20 Feb
Car buyers suffer 49% post-Brexit vote PCP price hike
New car prices have increased by up to 49% since Britain voted to leave the EU, according to data published by Parkers.
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Manufacturer 19 FebHonda confirms Swindon car manufacturing plant closure
Honda has confirmed its plan to close its Swindon car manufacturing plant as it attempts to accelerate its electrification strategy “in light of the unprecedented changes” affecting the automotive sector.
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Latest News 18 Feb
How has Brexit affected car dealers?
Britain is scheduled to leave the European Union on March 29. How has Brexit affected your business so far and what do you think will happen on March 30?
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Used Cars 7 FebLack of ‘quality stock’ not enough to stall used car prices, says Cazana
A lack of “good quality and desirable stock” has not been enough to stall rising used car prices as demand from consumers defies the uncertainty caused by Brexit, according to Cazana.
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Market Insight 5 Feb
January new car registrations declined 1.6% despite private sales growth
New car registrations declined by 1.6% despite a 2.9% increase in the number of private buyers starting 2019 with the purchase of a new vehicle.
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Market Insight 1 FebEuropean car manufacturers ‘concerned’ about EU-Japan trade deal's impact
European car manufacturers are concerned that a new EU-Japanese trade deal could see them lose ground in the UK to Asian rivals, according to UHY Hacker Young.
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Market Insight 31 Jan
No deal Brexit threat hit UK car manufacturing in 2018
The threat of a ‘no deal’ Brexit halved the influx of fresh investment into the UK’s car manufacturing sector, according to the Society of Motor Manufacturers and Traders (SMMT).
