Research from Close Brothers Motor Finance reveals that nearly all UK car dealers (98%) are confident about the business outlook for their dealership, whilst almost two thirds (63%) are ‘very confident’. Despite a difficult 2019 for the motor industry, the findings paint a picture of business optimism. In the aftermath of Britain’s exit from the EU, a third of dealers (35%) see Brexit as the … [Read more...]
Brexit’s been good for some in automotive sector
The UK transport industry has seen earnings on its investments in the EU rocket by more than 400% since the Brexit vote, the latest Office of National Statistics has revealed. UK transport trade earnings from investments in the EU rose from £177 million in 2015 to £1billion three years later – up 476% compared with before the vote. Firms involved in transportation had £3.6 billion invested in … [Read more...]
Newslines 7 February
Production of the three-year-old Mercedes-Benz X-class pickup is ending in June. Based on the Nissan Navara, it has failed to reach anticipated sales figures but it will remain available to order until 11 February, it has told media. Pump prices are falling at last. RAC fuel spokesman Simon Williams said, “Drivers should be relieved the supermarkets are cutting fuel prices after weeks of … [Read more...]
Dealers confidence stronger now for 2020
Exclusive findings from Close Brothers Motor Finance’s Dealer Satisfaction Survey reveal that most motor dealers (96%) are confident about business prospects in the market going into 2020, with almost six in 10 (58%) ‘very confident’. At a time when the new government and the Brexit extension offer a potential end in sight for the political turbulence, the research found that ‘maintaining … [Read more...]
UK Automotive needs favourable Brexit deal, says SMMT president
The Society of Motor Manufacturers and Traders has urged all parties to put UK Automotive at the heart of their economic and trade policies. Setting out the industry’s priorities for a new government, the trade body called for an ambitious, world-beating Brexit trade deal to maintain the sector’s competitiveness and ability to deliver innovation, productivity and prosperity for … [Read more...]
Admin is not up to rubber stamping a no-deal Brexit, say FTA
Britain’s Brexit plans dont have the administration staff to back them up says the Freight Transport Association. In response to the report issued by the National Audit Office (NAO) on border preparedness for a No Deal Brexit, Pauline Bastidon, FTA’s Head of European and Global Policy, said, “The NAO report highlights the scale of the challenge for industry. "It echoes’ FTA’s messages to … [Read more...]
Vital deal on Brexit must be achieved, car dealers told.
It is vital that the government agrees a Brexit deal with the EU, retailers have been told. If it cannot, then prices will rise as a result of the import tariffs that will be paid on vehicles and parts. It is in everyone’s interests that a future trade deal between the UK and EU removes these tariffs, said RMI Chairman Peter Johnson, speaking at this year’s 106th Retail Motor Industry … [Read more...]
Newslines 8 October
Automotive components’ companies in Wales will get a series of meetings on dealing with Brexit issues and paid for by the Department of Business, Energy and Industrial Strategy. Customs, Employment and Supply Chain Risk awareness sessions have been secured by the Welsh Automotive Forum in conjunction with the Society of Motor Manufacturers and Traders. Legendary US brand Harley-Davidson is … [Read more...]
Nissan Qashqai future uncertain in Sunderland
The next Nissan Qashqai’s future in Sunderland plant is in doubt and the plant faces possible closure. That’s the stark warning over a possible no-deal Brexit for the UK at the end of this month, say media reports but unconfirmed by Nissan. It was opened in 1986 and has built Micra and Qashqai models there as well as Infiniti versions of the brand’s up-market models. It still assembles the … [Read more...]
Car makers rising concerns over Brexit
European Union car-makers have joined forces to warn of billions of euros in losses in the event of a no-deal Brexit. Groups including the European Automobile Manufacturers’ Association, the European Association of Automotive Suppliers and 17 national bodies warned of the impact of “no-deal” and the effect on 13.8 million people in the European Union including Britain. Last week, it was said … [Read more...]
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