UK new cars business saw modest growth in October, said the Society of Motor Manufacturers and Traders. Some 180,168 cars were driven off the UK's forecourts last month as registrations grew 1.4%. In Wales last month, figures record 6,011 registrations, a drop of just over 7%. However, when dealer registrations to boost incentives are factored into … [Read more...]
UK car making grows & Toyota back Britain
The British Government has been right to back Nissan in the North East, says leading automotive economist Prof Garel Rhys. The massive car plant at Sunderland employs about 6,700 people but the "multiplier" effect through the supplier chain of component makers and related businesses almost exclusively dependent on the plant mean they pay about 33,000 … [Read more...]
Multi-million-pound Nissan Sunderland investment
Nissan will create a “super-plant” at its Sunderland centre. Confirming the next Qashqai will be built there, it unexpectedly yesterday added that the X-Trail SUV will also go into production in the North East. To do this the current installed capacity of 475,000 cars will be expanded and Nissan aims to build 600,000 cars from 2018. It is almost … [Read more...]
Late registrations boost September to new record
UK new car sales in September, rose 1.6%, according to the Society of Motor Manufacturers and Traders as 469,696 cars were registered and buyers went for the new 66-plate. The performance marks the highest September on record, while the total number of cars registered so far this year also grew to 2,150,495 units – up 2.6% compared with the same period … [Read more...]
August new car sales surprise
The UK new car market achieved modest growth in August as registrations rose 3.3% against the same month last year, according to the Society of Motor Manufacturers and Traders. There were 81,640 new cars registered in the month, with year-to-date performance remaining positive, up 2.8% to 1.68 million units. The fleet sector drove the growth buoyed by … [Read more...]
Britain’s automotive industry is booming
The automotive industry is firmly anchored in Britain and economics and efficiency will not see it bolt to the continent as Britain negotiates its exit from the EU. Vehicle manufacturers were well on the road to recovery after the slump of 2009 and many were now heading towards record production while efficiency levels are the best in Europe. Some car … [Read more...]
Summer sales cooling in showrooms
Britain’s new car market is “cooling" this summer. Figures from the Society of Motor Manufacturers and Traders showed a 0.1% rise compared to a year ago and put down to business sales keeping it ahead. Sales in the first seven months of 2016 were 1,599,159 but the industry has been expecting a slow down and SMMT chief executive Mike Hawes said it was … [Read more...]
UK car makers achieve record production
UK car makers reported their 11th consecutive month of growth in June. The Society of Motor Manufacturers and Traders reported production grew 10.4% to 158,641 units – the highest level for the month since 1998, when volumes reached 172,232. The performance closes the industry’s best first half for 16 years, with 897,157 cars rolling off production … [Read more...]
UK new car sales go into reverse
Wales' football success is thought to have scored an own goal in car showrooms as new car sales dipped in June after four years of sustained growth. SMMT chief executive Mike Hawes said the industry had seen a cooling off in showrooms for a few months and it was too soon to attribute the dip of 0.8% to the Referendum vote. “It’s important Government … [Read more...]
UK Automotive is gaining ground, say car makers
The UK automotive industry continues to make significant gains in employment, economic contribution and environmental performance, says the Society of Motor Manufacturers and Traders. The industry body’s 17th annual Sustainability Report reveals that the automotive manufacturing sector turned over a record £71.6 billion in 2015. Jobs, production … [Read more...]
