British car production fell by 9 percent last year - the most since the recession ten years ago. Analysis by the SMMT suggests investment slumped by nearly half due to fears about Brexit, said the SMMT. Volumes have also been hit by a crackdown on diesel, tougher emissions rules disrupting new vehicle supply and a slowdown in China, the world’s no. 1 … [Read more...]
Newslines 25 January
Jaguar Land Rover will take a week-long pause in production in April due to potential disruption from Brexit which would affect all three of its UK car plants and its engine plant. The automaker has previously warned about the impact of Brexit and cut production due to slowing demand in China last autumn. Ford faces a bill of up to $1 billion if … [Read more...]
Diesel shortages beginning to show, prices rising
New diesel car sales are falling so quickly that there could be shortages of them on the used market in the near future, says the Vehicle Remarketing Association. The organisation – which represent companies that handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year – says that while new car diesel demand has plummeted, … [Read more...]
Newslines 18 January
Lotus Cars will be made in China by its two-year-old owner, Geeley, according to a Reuters’ report. It quoted Chinese job adverts and public planning notices in Wuhan, Central China which indicated a 150,000 models annually would be assembled in the new factory, possibly SUVs, but also derivatives of their classic sports cars currently assembled in … [Read more...]
Newslines 15 January
VW is steaming ahead with a plan to make its new generation of electric cars in Chattanooga, Tennessee. It will begin with a compact suv in 2022 but others will follow as it prepares to spend over €700 M inside six years. Renault and Dacia have launched a New Year sales campaign. Special finance deals are available across the ranges until the end … [Read more...]
Newslines 11 January
Kia is the only brand in Britain’s top ten to improve on market share last year. The ninth placed Korean brand saw a growth of 2.7% with 95,746 registrations while market leader Ford suffered an 11.6% decline, although Nissan sales collapsed 32.1% in seventh place. Honda and Toyota have joined MINI and said they will suspend car production in April … [Read more...]
Job cuts to come, say Ford and Jaguar
Ford and Jaguar will be cutting jobs this year as they face severe losses. Exact numbers are not known today but last year workers at Bridgend Engine Plant were sent letters suggesting a possible voluntary redundancy programme this year after expectations of lower engine demands from vehicle assembly plants around the world. Unions in the South Wales … [Read more...]
Newslines 8 January
Volvo UK sold a record 50,000 cars last year and 9% above 2017 in a market down by 7%. It is part of the 640,000 sold by the Swedish brand in its best ever global year. Asda has further cut pump prices. But the RAC says supermarkets are no longer competing like they did for fuel sales and motorists are losing out on wholesale price cuts not being … [Read more...]
Welsh car sales held up well in 2018
New car sales in Wales last year did better than most other parts of Britain, show figures from the Society of Motor Manufacturers and Traders, writes Robin Roberts. Twelve months saw 79,936 new cars registered in Wales - led by Ford - compared to 82,753 in 2017, a 3.4% dip and only Northern Ireland faired better with 3.35% decline on a smaller total of … [Read more...]
SUV sales soar, but not for every manufacturer
Global SUV sales rose 6% last year to a hit a staggering 60% over five years. Toyota dominated the sector with 2.35M registrations, Nissan recorded 2.24M and they were well ahead of a shrinking Honda holding 1.84M and falling due to the run-out of the CR-V. Despite its expansion in the sector, Ford sold just under 1.6M some 3.5% down on the … [Read more...]
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