Brexit
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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 JanNo 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).
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Used Cars 29 JanUsed car values fell 0.7% during January, says Cap HPI
Used car values declined by 0.7% in January as dealers saw lower retail demand for vehicles priced over £12,000, Cap HPI has reported.
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Market Insight 23 JanUK car dealers remain ‘resolutely optimistic’ despite Brexit
UK car dealers remain ‘resolutely optimistic’ despite Brexit, diesel vehicles’ negative press and increased competition for used car stock in 2019, according to Close Brothers Motor Finance.
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Used Cars 16 JanUK used car market sees increased interest from European buyers
UK used car dealer stock is increasingly being searched by buyers in European countries, according to the latest data from Motors.co.uk.
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Car Manufacturer News 15 Jan
SMMT urges MPs to 'take no deal Brexit off the table'
The SMMT is urging MPs to vote in favour of the Prime Minister’s Brexit deal in order to ‘take no deal off the table’.
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Market Insight 15 JanIreland’s UK car import boom accelerated by 59% in 2018
The strong euro drove Irish motorists to increase spending on importing used cars from the UK by 59% in 2018.
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Manufacturer 11 JanHonda becomes third manufacturer to warn of post-Brexit shut-down
Honda has joined BMW/Mini and Toyota in making plans for a temporary post-Brexit shut-down period at their UK manufacturing plant.
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Market Insight 3 JanThree quarters of FTSE 500 business leaders predict economic decline
Three quarters (74%) of business leaders expect the general economic condition of the country will decline over the next 12 months, according to Ipsos Mori research.
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Manufacturer 21 Dec
UK car manufacturing suffers ‘serious’ 19.6% decline in November
The SMMT has attributed UK car manufacturing’s “serious” decline in productivity of 19.6% during November to falling business and consumer confidence caused by Brexit.
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Market Insight 7 DecConsumer uncertainty and weak pound continue to benefit used car sector, says Cazana
November’s new car registration figures may be an indicator that the market is started to “rebalance itself” but market forces continue to favour used car retail, according to Cazana.
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Market Insight 5 Dec
New car registrations declined 3% in November, reports SMMT
New car registrations declined 3% in November as the effects of the WLTP emissions test regime and falling consumer confidence conspired to affect supply, according to the SMMT.
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Manufacturer 29 NovUK car manufacturing volumes declined 9.8% in October, reports SMMT
Car production levels at manufacturers' UK plants declined by 9.8% during October to leave the overall year-to-date decline at 6.9%, the Society of Motor Manufacturers and Traders (SMMT) has reported.
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Supplier News 19 NovWLTP situation ‘will not resolve quickly’, warns Startline Motor Finance
Startline Motor Finance has warned that an uplift in used vehicle prices prompted by WLTP-sparked new car shortages “will not resolve quickly”.
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Manufacturer 15 NovAston Martin shows 899% profit increase in Q3 financial results
Aston Martin has reported an 899% year-on-year increase in profits during Q3 as it doubled production output in its first set of financial results since its IPO last month.
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Market Insight 13 NovBrexit is pushing young motorists into used cars, Close Brothers Motor Finance finds
Millennials are the most likely car buying age group to have their purchase effected by the uncertainty surrounding Brexit, with many opting for cheaper used cars
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Latest News 26 OctAutomotive retailers ‘must plan for no-deal Brexit’
Manufacturers are exerting pressure for free-trade agreements after Britain leaves the EU in March, but retailers still seek clarity on the financial impact
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Manufacturer 25 OctChancellor should ‘stimulate market’ amid 16.8% UK car manufacturing decline
The Society of Motor Manufacturers and Traders (SMMT) has urged the Chancellor of the Exchequer to “stimulate the market” with his 2018 budget following September’s 16.8% decline in car production.
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Market Insight 22 OctNo deal Brexit to see car sales slip to 2009 recession levels
A ‘no deal’ Brexit will see car registrations volumes slip back top levels last seen in the 2009 recession, algorithms created by Frost & Sullivan have determined.
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Technology 18 OctPinewood tackles Brexit recruitment challenge by looking to Vietnam
DMS provider Pinewood has recruited seven graduate software developers from Vietnam as a result of an increase in competition in recruitment following the Brexit vote.
