Britain's new car market rose 1.2% in August, said the Society of Motor Manufacturers and Traders. The growth, albeit marginal, is the first seen since February with some 68,858 new vehicles joining the road during what is typically the second quietest month of the year as many buyers choose to wait for a ‘new’ numberplate in September. In Wales, new … [Read more...]
Dealers and makers’ reputations bashed by delays
Car manufacturers and dealers are suffering reputational damage as a result of unavoidable supply chain disruption, according to research from Close Brothers Motor Finance. While two-thirds (66%) of consumers considering a new car say they understand the difficulties involved, nearly half (48%) say the delays negatively impact their perception of motor … [Read more...]
Car production improves but issues remain
Though the outlook is beginning to look more positive as production levels rise for the third month in a row and the industry shows signs of recovery, persistent issues will continue to cause turbulence in the coming months, said Lisa Watson, Director of Sales at Close Brothers Motor Finance. “The ongoing conflict in Ukraine means the well-documented … [Read more...]
Mixed signals in bus and cv sales, say manufacturers
SMMT released its second quarter registration figures for the HGV, Bus and Coach sectors, and mixed signals could be found. The UK new bus and coach market grew slightly by 0.6% to 1,066 units, with the good news that single-deck buses were up 65.3%, while double deckers – which represent a greater share of the market – fell by -24.9%. While ridership … [Read more...]
Newslines 8 August
The RAC wants the Government to do a u-turn on ending the plug -in car grant. The incentive was ended this spring to encourage motorists to choose pure evs but after a disastrous summer of new car sales RAC EV spokesperson Simon Williams said, “ With high fuel prices and the overall cost of living continuing to bite, drivers are increasingly looking to … [Read more...]
Toyota Aygo X makes its mark in Wales
Car sales in Wales last month saw the Toyota Aygo X the best seller for the first time as it stood out in a declining market. While Ford never figured in the UK top ten last month it was again notiching up double success in Wales with Kuga and Puma in the top ten, revealed by the Society of Motor Manufacturers and Traders. Total Welsh registrations … [Read more...]
UK new car sales decline slows
UK new car registrations fell 9.0% to reach 112,162 units in July, according to the Society of Motor Manufacturers and Traders. The result marks the fifth month of consecutive decline, although the fall is the smallest recorded this year. Ongoing global supply chain issues, predominantly the lack of semiconductors, continued to frustrate order … [Read more...]
Tradelines 13 July
Arval UK has more than doubled the number of electric vehicles (EVs) on its UK fleet in the 12 months to the end of June. There has been a 102% growth from 11,225 to 22,630 units, meaning that EVs now represent 12.2% of its total fleet – up from 6.4% at the same time last year and the total figure breaks down into a 98% increase in the number of electric … [Read more...]
New car sales slowing quicker than expected
The brakes have gone on hard for sales in Britain's car showrooms. UK new car registrations fell -24.3% in June, according to the latest figures released today by the Society of Motor Manufacturers and Traders with 140,958 new vehicles registered, the weakest June performance in 26 years. Volkswagen emerged top last month with 8.27% of share, Vauxhall … [Read more...]
Energy costs crippling UK automotive sector
British automotive manufacturers are calling for urgent action on spiralling costs as new analysis from the Society of Motor Manufacturers and Traders reveals firms face a £90 million uplift in energy bills this year – equivalent to more than 2,500 automotive jobs – as costs surge by 50%. UK electricity prices are the most expensive of any European … [Read more...]
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