The Society of Motor Manufacturers and Traders Charitable Trust Fund has re-launched the SMMT Apprentice Support Programme, designed to help safeguard the jobs of apprentices currently working within the automotive industry. The scheme comes following the conclusion of the government-funded furlough scheme. The SMMT Apprentice Support Programme … [Read more...]
Motor industry lies at heart of world trade
The Society of Motor Manufacturers and Traders has called on government to put the automotive sector at the heart of future trade negotiations, after a new report confirms vehicles are the UK’s single most valuable goods trade export. Vehicle export revenues reached £27 billion in 2020, making them more valuable to the UK than power-generating … [Read more...]
September registrations worst for over two decades
New car registrations collapsed to a 22 year low last month due to the semi-conductor shortage delaying scores of models' introduction. Society of Motor Manufacturers and Traders reported sales plummeted 34.4% year on year in September – traditionally one of the busiest months for the industry after the March new-plate change. Just 214,312 new cars … [Read more...]
Car production & sales stagnate on shortages
Car sales in Wales crashed over 26% last month, the worst of any part in the UK. Just 2,363 new models were registered and that's even below the 3,230 recorded in the pandemic hit showrooms of last year and the total for the country was a little over 68,000. It was a very dismal August for the motor trade across the country, the lowest figures … [Read more...]
Car stock shortages looming, warn finance lender
Stock shortages emerge as the biggest worry for dealers in the year ahead, according to new research from Close Brothers Motor Finance. The Dealer Satisfaction Survey found that almost a third (31%) of motor dealers see the lack of stock availability as the biggest threat to their business, with the global semiconductor shortage having a significant ripple … [Read more...]
EU car sales slow but UK CV production rises
According to data from 26 European markets, new car registrations slowed in July, recording a year-on-year decline of 24% as total volume decreased from 1.27 million units to 967,830. Similar results were recorded in July 2012, when the market registered 966,090 units. The year-to-date results remain positive, up by 17% compared to 2020 with 7,381,735 … [Read more...]
Newslines 26 August
Sarn Park Services are the best on the M4, according to accumulated views of users analysed by the Brindley motoring group. It studied over 100 motorway services on 29 routes and Tebay on the M6 came out best, Telford M54 was the worst while the M5 generally raised most complaints. UK car manufacturing fell 37.6% in July, the first fall since February, … [Read more...]
Used cars’ sales booming, says industry
The UK’s used car market grew 108.6% in the second quarter of 2021 according to the Society of Motor Manufacturers and Traders. Some 2,167,504 vehicles changed hands, up 6.6% on 2019 pre-pandemic levels, the best Q2 performance and almost the best quarter ever for the used car market. The increase tracks the country’s gradual emergence from lockdown, as … [Read more...]
Tesla top UK registrations as recovery continues
New car sales are recovering but more slowly than expected by car makers. The global shortage of micro-chips is affecting outputs from plants, said the Society of Motor Manufacturers and Traders. June’s UK registrations of 186,128 new cars is 16.4% below the last decade’s average for the month and the second quarter’s total is still 9,000 units short of … [Read more...]
Tradelines 30 June
Ford has expanded FORDLive connected uptime system to European fleet operators with the introduction of Ford Telematics Essentials – a complimentary new fleet management tool designed to help increase the productivity of connected commercial vehicles. Smart Maintenance alerts based on real-time vehicle health data help businesses to maximise uptime by … [Read more...]
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