Over 1.4M new vehicles have been lost to production shutdowns across Europe as the Coronavirus develops. Factory shutdowns as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 said the European Automobile Manufacturers’ Association. This figure – covering passenger cars, trucks, vans, buses and coaches – is up from 1.2 million units compared to one week … [Read more...]
Lockdown security warning to businesses
Security of used cars and vans without access to formal storage facilities could be a growing problem for the remarketing sector over the course of the coronavirus lockdown, says the Vehicle Remarketing Association. The body, which represents organisations involved in the remarketing of 1.5m cars and vans every year, said that large numbers of vehicles left largely unattended in storage could … [Read more...]
New car sales slump to lowest in generation – for some
Car sales in Britain have crashed 44% to their lowest in a generation. Despite the introduction of the new 20-plate, registrations were effectively wiped out from the middle of March onwards after the UK Government ordered the shutdown in non-essential businesses for an unspecified period. Those dealers who secured advance orders and were able to deliver cars did better than their rivals and in … [Read more...]
Warning for motor industry future as Aston Martin take orders
The jobs of at least 1,110,107 Europeans working in automobile manufacturing are affected by factory shutdowns as a result of the COVID-19 crisis, according to data compiled by the European Automobile Manufacturers’ Association. This figure only refers to those people directly employed by car, truck, van and bus manufacturers – the impact on the wider automotive supply chain is even more … [Read more...]
Newslines 2 April
AIWAYS, the Shanghai-based personal mobility provider, will start taking online orders for its U5 all-electric SUV from European consumers in May. Secured via a small deposit, the U5 will be offered exclusively via a direct-to-customer sales model, and not retailed or leased through traditional dealerships. European pre-sale markets and the required deposit amount will be announced by AIWAYS in … [Read more...]
Greens’ attack lobby groups over emissions bid
Environmentalists have criticised car makers and industry bodies for trying to stall EU plans to cut future exhaust emissions. Last week, all of the lobby groups of the European car industry - including manufacturers, suppliers, tyre-makers and dealers - wrote to European Commission President Ursula von der Leyen pleading for a relaxation of cars CO2 targets. While the lobby associations … [Read more...]
Newslines 30 March
Buses have joined trains in Wales giving free transport to NHS staff during the coronavirus outbreak. It's all part of a £69M subsidy to public transport operators faced with decimation in demand by the public banned from travelling unless on essential journeys. The RAC has published a set of answers to questions being asked by drivers following the coronavirus outbreak. You can see the … [Read more...]
Uk car making tumbled even before virus hit
British car manufacturing fell -0.8% in February, according to the Society of Motor Manufacturers and Traders. Some 122,171 vehicles rolled off production lines in the month, representing a loss of just over 1,000 units compared with February 2019. The decline was driven by slower demand in some key global export markets. In the month before the coronavirus pandemic started to be felt in the … [Read more...]
Volvo’s new horizons
Volvo Cars has its eyes firmly set on the future as it celebrated the 10-year anniversary of its acquisition by Zhejiang Geely Holding on 28 March. The company has seen a complete transformation of its business under Geely ownership, changing from a purely European firm to a truly global and strong player in the premium car market, racking up record sales, revenues and profits along the way. As … [Read more...]
World car production and sales plunge
IHS Markit forecasts used by automakers and suppliers for strategic decisions has downgraded its assessments across "virtually all regions." It called the coronavirus pandemic "the single biggest risk factor facing the auto industry for many years," reports Automotive News Europe. Global sales will fall by more than 12 percent this year to 78.8 million units, a downgrade of 10 million units from … [Read more...]
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