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 autos market. Last year saw the fall … [Read more...]
UK car production falls and snow chills output
Car production declined in March, falling 13.3% year on year, according to the Society of Motor Manufacturers and Traders. It reports 147,471 cars were built in British factories as the domestic market continued to slow, with demand falling 17.7%. Exports also went down 11.9% due to fluctuations in demand in some global markets. In addition, some manufacturers were impacted by the adverse … [Read more...]
UK car and cv production stalls but engines rev up
UK car production declined in 2017, according to the Society of Motor Manufacturers and Traders. Some 1,671,166 vehicles rolled off production lines last year, a -3.0% decrease on 2016 and the first decline for eight years – but still the second highest output in 17 years. A -9.8% fall in output for the domestic market drove the overall decline, as the market responded to declining … [Read more...]
Car makers optimistic for rising sales in 2017
European car makers are now more optimistic for sales this year than at the beginning of 2017. Following its annual meeting in Berlin it forecast 2017 car registrations in the EU will rise +1.5-2% compared to the earlier prediction of 1%. Over 12.5 million Europeans now work directly or indirectly in the automotive sector, representing 5.7% of total EU employment and passenger car production … [Read more...]
UK automotive and engine production hit records
Car, engine, van, lorry and bus making is soaring in Britain. The falling value of the pound has helped exports because our vehicles have become cheaper to buy abroad and if manufacturers buy more component parts here they will cut import costs, exchange rate charges and make more money. UK car manufacturing output reached its highest level since 1999 in November, with almost 170,000 … [Read more...]
UK car production slowing but still strong
UK car production rose in July but at a slower pace than in June, according to the Society of Motor Manufacturers and Traders (SMMT), which urged the government to make sure the country's exit from the European Union does not hamper the sector. The UK's overwhelmingly foreign-owned carmakers had urged voters to remain in the 28-member bloc, where over half of the market’s car exports are … [Read more...]
Car, engine and CV manufacturing booming in Britain
British car production posted healthy growth in September, according to figures published by the SMMT. Output rose 15.5% compared with September last year, with year-to-date volumes 3.3% up on the same period in 2015. As seen in previous months, production for the UK market led the way with a gain of 20.1% – but new car exports were not far behind with a robust 13.9% increase in … [Read more...]
The sleeping giant is stirring and about to shake up the British market
In this special feature, leading international Welsh economist Prof Garel Rhys looks at what the introduction of the new Vauxhall Astra will mean for the UK and the rival models and brands. Britain’s sleeping giant in the automotive industry is about to wake up. Of the seven volume brands making cars in the UK (Nissan, Toyota, Honda, MINI, Land Rover, Jaguar, Vauxhall), it is too easy to … [Read more...]
MotorGB is booming success
Figures from the Society of Motor Manufacturers and Traders confirm the growing strength and vitality of the UK automotive industry and its ascendancy as a major global player. SMMT’s 16th annual Sustainability Report confirms the sector is breaking new records, with turnover hitting an all time high of £69.5 billion in 2014. Manufacturing output, vehicle sales, jobs and export values also … [Read more...]
UK car making stalls as ranges update
UK car output went down 1.2% to 127,385 in January, as manufacturers prepared for new models, but European sales are rising. Outlook remains positive for 2015 with manufacturers set to realise £7 billion-worth investment in new products and facilities and many will be shown at next month’s Geneva motor show. January 2015 output 16% higher than month’s mean performance from 2009 so there it’s … [Read more...]