Pressure on the Government to ensure a “frictionless” trade deal with the European Union post-Brexit has increased as new figures released today reveal a worrying decline in British car manufacturing output.
The Society of Motor Manufacturers and Traders (SMMT) has set out its priorities to assure the UK automotive industry’s future success – a year ahead of Brexit.
Franchisees say PSA Group aims to boost profits by closing more than 100 of Vauxhall’s 324 retail sites.
A 2.8% fall in new car registrations in February to 80,805 units was caused by lower demand in all segments.
UK car manufacturing a "stable" outlook with a year-on-year decline of just 0.05% after record exports drove the sector during January, according to the Society of Motor Manufacturers and Traders.
The Society of Motor Manufacturers and Traders have led calls for a change in government policy to help lower CO2 emissions after the total UK fleet recorded an increase of 0.8% during 2017.
The UK used car market “remained strong” in 2017, dipping just -1.1% compared to the previous year, according to SMMT report.
The SMMT has increased its forecasted 2018 new car registrations decline from 5.4% to 5.7% in its latest prediction of how the market's performance between now and the end of 2019.
New car sales volumes fell by 6.3% as the market started 2018 with the lowest January total since 2014, prompting the SMMT to urge government to drive fleet drivers back into diesel cars.
UK car manufacturing showed an increasing reliance on overseas exports as the SMMT announced that production levels had fallen for the first time for eight years during 2017.
The SMMT’s volume forecast for 2017 failed to predict the extent of the Q4 sales slump. How can dealers plan for a 2018 market that may be just as volatile?
The motor industry lost £2.6 billion in revenue last year as a result of declining car sales, according to analysis by AA Cars.
Cox Automotive has enjoyed a year of growth, driven by demand for its online businesses.
The development of connected and autonomous vehicles in the UK has received Government funding of almost £60 million as part of a new joint venture with automotive businesses.
Diesel sales are set to plunge further as a result of environmental pressures and consumer confusion automotive expert Professor David Bailey has warned.
The SMMT has urged fleets to renew their LCVs in a bid to reduce emissions after the sector experienced a 3.6% decline in registrations during 2017.
Ford's Fiesta maintained its reign as Britain’s best-selling car during 2017 despite volume brands enduring the brunt of falling new vehicle registrations in 2017.
SMMT new car registration forecasts from two months ago missed the mark by 1% – or almost 27,000 vehicles – a ninth consecutive month of falling sales resulted in a 5.7% decline for the whole of 2017.
Strong demand in Europe was unable to stem the slump in UK car manufacturing during November – with outputs down 4.6% year-on-year.
New car registrations have continued their decline with November’s 11.2% year-on-year fall marking the eighth consecutive month of falling sales.
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
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