Fleet registrations propping up small growth in UK new car market
The Society of Motor Manufacturers and Traders (SMMT) reports 180,168 new cars were registered in October, representing modest growth of 1.4 per cent. The growth was largely supported by fleet registrations, with private buyers continuing the trend of small declines. Registrations of alternatively fuelled vehicles continued to show growth in double digits, while the overall total for the year is also growing marginally, showing the resilience of the market. Analysis from KPMG suggests that predicted incremental price increases will not severely affect the market, though lower figures are anticipated in 2017.
Continue Reading
Michelin returns to the top of online brand ranking
Michelin has returned to the top of our annual online brand equity study run in conjunction with Cambridge-based specialists NetNames. The results marks a return to fortunes for the French global player, which has dominated the research for most of the 12 years it has been running until Continental seized first position last year. Indeed, the research has only been topped by three of the tyre majors in its history – Michelin, Continental and Pirelli. However, while the top of the table has been dominated by a select few of the world’s largest tyre manufacturers, some of the biggest gains have been made at the opposite end of the spectrum where the mid-range and economy brands we study have some of the biggest gains.
Continue Reading
Used bike market trends ‘unusual’ – My Car Check
My Car Check says the used motorbike, scooter and moped market has been irregular, as the riding season enters its final month. Rob Hobson said: “It really has been an unusual year in the used two-wheel market. Some traders say they are busier than ever, but against that used bikes advertised through the classifieds seem […]
Continue Reading
September brings used car market return – My Car Check
Analysing the car market following the introduction of the 66 plate, head of valuation services at My Car Check, Gavin Amos says that the used car market has improved, while 4×4 sales remains strong. “The used market picked up throughout September with many dealers and traders reporting strong enquiry levels. For main agents, attention has […]
Continue Reading
Automotive cybersecurity market to reach $759M by 2023 – IHS Markit report
With nearly 112 million vehicles now connected around the world, the global market for automotive cybersecurity is expected to grow exponentially – to $759 million in 2023, according to a new report, ‘Automotive Cybersecurity and Connected Car’, from IHS Automotive, part of business information provider IHS Markit. Connected cars are defined as those that have a connection to the internet, through telematics, an on-board modem or a paired device in the vehicle, such as a mobile phone or other device.
Continue Reading
Grouptyre distributed brands expanding 4×4 fitments as segment interest grows
With the number of new car registrations increasing and SUVs leading the way in new car sales, the desire for owning a 4x4/SUV has led to a surge in demand for tyres in this lucrative market, distributor Grouptyre confirms. SMMT figures for August 2016 bear this out – numbers seven to 10 on the bestselling new cars table are all crossover SUVs. With greater popularity, opportunity follows for tyre manufacturers, and the wholesaler states that its suppliers are continuing to develop product ranges to meet the demands of vehicle manufacturers and their expanding range of vehicles. All the evidence points to continuing growth for 4x4 tyre sales following on from 2015’s double-digit increases, as revealed in our March issue by market research specialists GfK Automotive.
Continue Reading
Used bike market ‘muted’ as YOY July registrations drop
The motorbike, scooter and moped sector is described as “muted”, with inclement weather and a contracting new bike market suggested as reasons for the relative inactivity. My Car Check’s Rob Hobson said: “It is very much a mixed report this month. New registration numbers for 2016 are still up, although July was down compared to the same month in 2015 – the first time that’s happened this year.
Continue Reading
August used car trends slow as expected, My Car Check suggests premium option
My Car Check’s valuation experts have spoken about the significant trends in the UK used vehicle market for August, adding its car of the month. Head of valuation services at My Car Check, Gavin Amos, said: “Used car sales have slowed over the last month, which is only to be expected at this time of year.”
Continue Reading