Government has recognised the importance of the automotive sector, said SMMT ceo Mike Hawes. It is now at the centre of its long-term Industrial Strategy – and has published its first quarterly progress update, including more than 50 cutting-edge auto projects securing £70 million in innovation funding. Such commitments will drive greater returns for the … [Read more...]
Car components’ makers need Gov. help after cyber-strike
Following the cyber incident affecting the UK’s largest automotive employer, the focus is now on restarting full production in a safe and secure manner – while safeguarding the wider supply chain which has been severely impacted. Mike Hawes, SMMT chief executive said, "We know JLR is working around the clock to return to full operations as quickly as … [Read more...]
Newslines 6 October
The LBX Vibrant Edition, an exclusive new model in Lexus’s top-selling compact crossover range, is now on sale in the UK. This limited-edition version of Lexus’s best-selling small SUV is endowed with a series of extra styling features that give it a distinctive look inside and out and enhance the brand’s “making luxury personal” ethos, and on-the-road … [Read more...]
Garages step up training
Four in five (81.2%) automotive aftermarket workshops have invested in training, talent and tooling to carry out servicing and maintenance of the latest vehicle safety and powertrain technology, according to the Society of Motor Manufacturers and Traders. Sustaining such investment will be critical if Britain’s roads are to become ever safer and ever … [Read more...]
Car makers concerns over tariffs and security
A hallmark of UK Automotive is its resilience as a highly diverse and globally competitive manufacturing base. However, it is not immune to shocks and the recent cyber incident at the UK’s biggest vehicle manufacturer is a huge challenge for the company and the supply chain. It is evident that JLR is taking every possible measure, including working closely … [Read more...]
Car regs growth is essential
The end of Summer typically brings a quieter period for the UK’s new car and LCV markets as buyers anticipate the September plate change, writes Mike Hawes, CEO Society of Motor Manufacturers and Traders.. Given the tough economic and consumer environment that has impacted markets this year, August’s slight -2.0% decline in new car registrations – and a … [Read more...]
Wales’ worst August car regs in UK
Welsh car dealers suffered the biggest drop in new car registrations across Britain. Latest figures from the Society of Motor Manufacturer and Traders showed a 17.62% fall in registrations in Wales, down to 2,483 new cars in August. Nationally, the decline was 2.0% in August to a total of 82,908 units on the eve of the new plate appearing. Wales top … [Read more...]
New car registrations slip to three-year low
The new car market stalled in July with registrations falling -5.0% to 140,154 units, according to the Society of Motor Manufacturers and Traders. The performance was the weakest for the month since 2022 and some -10.8% lower than in pre-pandemic 2019, demonstrating the market’s volatility and wider economic setting. Demand from private and fleet buyers … [Read more...]
Production collapsing, but recovery maybe around the corner
UK new vehicle manufacturing declined by -11.9% to 417,232 units in the first six months of the year, according to the Society of Motor Manufacturers and Traders last week, but the foundations have been set for recovery. The decline was softened by a 6.6% increase in car production in June, although this was in comparison with last year when model … [Read more...]
Manufacturers pouring money into registrations
Manufacturer and dealer incentives meant the UK’s new car market grew for the second consecutive month in June, as registrations rose 6.7% to 191,316 units, according to the Society of Motor Manufacturers and Traders. It was the best June since 2019, helping lift first half performance 3.5% above the same period last year, although the market remains -17.9% … [Read more...]
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