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...]
Discounting & incentives drive EV registrations
Heavy discounting by car-makers is pushing fleet and businesses drivers into electric cars. Private buyers still prefer to have petrol or diesel engines, according to the May registration figures. Registrations of petrol cars are higher than the combined figures for pure battery, plug-in and mild hybrid electric models and that’s without the diesel models … [Read more...]
Car makers urge Gov. to cut car supplement tax
Government can boost electric vehicle demand if it amends its changes to the expensive car supplement an industry leader has said. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said that the expensive car supplement – which adds an additional tax for the first five years following the first tax payment made when a car … [Read more...]
Troubling tariffs & boosting charging network
US tariffs are damaging to UK car producers. The UK body responsible for car sales, the Society of Motor Manufacturers and Traders ceo Mike Hawes had this to say about the US tariffs, "The announced imposition of a 10% tariff on all UK products exported to the US, whilst less than other major economies, is another deeply disappointing and potentially … [Read more...]
Brakes applied to green targets in Britain
Britain’s drive towards zero emissions is slowing down. Today, the Government announced a relaxation of electric vehicle sales targets to help the car industry in the face of trade tariffs from the US and a slow take up for pure electric cars with manufacturer incentives costing them millions of pounds. It is what the motor industry and component suppliers … [Read more...]
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