Tens of thousands of more jobs are likely to disappear from the UK automotive sector before the end of the year, writes Robin Roberts. Some 11,349 jobs so far axed following lockdown will grow and despite this week’s 11% rise in new car registrations the outlook is bleak. That’s because the first upturn in showroom sales came at the end of three months when all showrooms were in … [Read more...]
Wales leads UK car sales recovery with Vauxhall Corsa
New car sales in Wales have recovered better than the rest of the UK. Welsh figures from the Society of Motor Manufacturers and Traders show a 39.22 % rise in July compared to the same month last year and brings the running total for this year to just 34.55% below the first seven months of 2019, also better than other regions. Dealers in Wales recorded 7,728 new car sales in July … [Read more...]
Tradelines 5 August
The car market turned upside down in July, said Sean Kemple, MD of Close Brothers Motor Finance. The bounce back from near-zero sales in April to a 11% uplift in July reflects the momentous release in pent-up demand because there is usually a summer slump, but 2020 has been anything but normal. Right now it’s the used car market where the real growth is taking place, reports Alex Buttle, … [Read more...]
New car sales rise in hoped for lift to market
Pent up demand after lockdown eased is thought to have driven a rise in new car registrations last month. Figures from the Society for Motor Manufacturers and Traders due to be released later this morning are expected to show an 11% rise compared with the same month in 2019. December saw the last increase but it was a blip after a year of decline. The new car sales market has struggled with … [Read more...]
One-off Bristol sports car up for sale
Car enthusiasts are getting a once-in-a-lifetime chance to buy a unique one-off four-year-old British sports car, and it could cost them hundreds of thousands of pounds. The Bristol Bullet roadster is among items being disposed of by joint liquidators of Britsol Cars, which folded earlier this year. Jeremy Frost and Patrick Wadsted of Frost Group Ltd appointed as Joint Liquidators, have … [Read more...]
First for Ares Design ProgettoUno
Luxury Italian coach-builder ARES Design has released the first-ever dynamic footage of its supercar, the Panther ProgettoUno, the first model of its Legends Reborn programme. Inspired by the 1970s Pantera and unveiled to the world at the 2019 Concorso d’Eleganza Villa d’Este, the Panther ProgettoUno, the first supercar from the Modena-based coach-builder, was acclaimed as a beautifully designed … [Read more...]
Wales’ Ineos Grenadier 4×4 unwrapped
This is the new Ineos Grenadier. INEOS Automotive today reveals the exterior design of the Grenadier, its forthcoming, no-nonsense 4x4 vehicle for the world, as another step on the road towards start of production. Heavily influenced by the previous Land Rover Defender loved by Ineos boss Sir Jim Ratcliffe, it will be built in a new factory at Brocastle Industrial Estate, Bridgend as … [Read more...]
Covid-19 virus impact being felt as time passes
The true impact of the Covid-19 lockdown and loss of new car production is beginning to be appreciated. UK showrooms closed for over 12 weeks but the factories making cars closed for varying periods of time and this contrasted with other parts of the world where the impact was much less. Although the global automotive industry has been hard hit due to COVID-19, the UK market has suffered … [Read more...]
168,000 automotive jobs under threat say SMMT
One in six jobs are at risk of redundancy without help from the government in restarting production of the automotive sectors, said the Society of Motor Manufacturers and Traders. The SMMT wants emergency funding, permanent short-time working, business rate holidays, and VAT cuts to stem the flow of job losses as showroom reopen and production lines are restarting, it said. About 168,000 people … [Read more...]
Virus spreads change through dealerships & buying
The lasting effects of how Coronavirus-19 will spread its impact through the motor industry and selling cars cannot be known, but for many it has merely sped up the changes we have witnessed over a decade, writes Robin Roberts. In a social media post this week, Lamborghini said it was never going to display at a motor show again but would instead concentrate on more personal and exclusive events … [Read more...]
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