“It is encouraging to see that the commercial vehicle market continued to grow in February with registrations up 19.5 per cent”, said Sue Robinson, director of the National Franchised Dealers Association. February marked the tenth consecutive month of growth in the CV market - up to 40,491 units. Van demand sustained its upward trend and grew 17.9 per cent, and for the second month running, truck registrations increased 31.7 per cent to 2,518 units.
Figures released for February by the Society of Motor Manufacturers and Traders (SMMT) show that the UK new car market has grown for a 36th consecutive month – a record growth period. The new car market grew 12.0 per cent in February with 76,958 cars registered and this marks the UK’s first three straight years of increases.
SMMT figures show that commercial vehicle registrations grew 19.5 per cent in February, with 40,491 vehicles registered so far this year. Both the truck and van sectors performed well; truck registrations continue to increase as demand sees steady return to form, up 31.7 per cent in February, while there was a sustained strong performance from the van market, which rose by 19.5 per cent in the month.
Ferrari loses branding ground to Germans, as F1 sheen wears thin
As the worlds car companies gather in Geneva for the biggest event of the year, brand valuation and strategy consultancy Brand Finance has released its annual review of the state of their brands. Every year, Brand Finance puts thousands of the worlds top brands to the test. They are evaluated to determine which are the most powerful, and the most valuable.
Lego overtakes Ferrari as World’s most powerful brand
Every year, leading brand valuation and strategy consultancy Brand Finance puts thousands of the world’s top brands to the test. They are evaluated to determine which are the most powerful, and the most valuable. Analysis of the world’s top brands shows Lego has replaced Ferrari as the world’s most powerful brand, with Ferrari dropping to ninth.
Nokian targets Central European growth with renewed winter, all-season tyre range
Nokian Tyres will bring a new portfolio of five new tyres to Central Europe, as the manufacturer targets growth in the region. Calling Central Europe the worlds largest market area for winter tyres, the Finnish manufacturer said that approximately 70 million winter tyres were sold in 2014, meaning the segment is growing faster than the overall market. With the faster growth experienced in some of Europe’s lesser heralded economic nations than in the traditional big five markets, tyre markets are expected to expand, while Nokian also predicts the continued spread of winter tyre legislation. Therefore Central Europe has become one of Nokian’s most important areas for growth.
“It is encouraging to see that the motorcycle market has got off to a positive start, with dealers reporting an 11 per cent increase in January registrations”, said Stephen Latham, head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK.
An influx of imports is making the car tyre market even more competitive
On 27 January the UK economy registered growth of 2.6 per cent in 2014. Of course it has not been the same across Europe, but with record new car registrations in the UK and 32 consecutive months of growth in that figure, you could be forgiven for asking why the UK tyre market came out as flat according to both the sell-in and sell-out measurements in 2014. At the same time it is important to set all this into its wider European context, something which this month’s analysis of the passenger car tyre market attempts to embark on.
The commercial vehicle market continues growth for the ninth consecutive month, up 23.2 per cent to 24,567 units, according to the latest figures from the SMMT.
SMMT figures on new car registrations showed a positive start to the year as the numbers grew 6.7 per cent in January to 164,856 units – the strongest January since 2007.
2014 best year for UK car manufacturing since 2007
SMMT figures show that 1,528,148 cars weremanufactured in the UK in 2014 – a 1.2 per cent increase on the previous year and the best year since 2007. In addition, the strongest December in a decade saw 108,721 cars produced; up 27.1 per cent on December 2013. This growth came despite challenges in some export markets.
October – Warmer weather chokes winter tyre sales; OE truck market weakness continues
Mild weather is responsible for far fewer winter tyres being sold in the European market in October, reports Michelin. Statistics released by the tyre maker show a seven per cent year-on-year decline in replacement market passenger car and light truck tyres in Europe (including Russia and Turkey). This drop in sales follows year-on-year growth of one per cent in the third quarter of the 2014 and was not reflected in the original equipment market, which enjoyed a three per cent year-on-year increase in November. Between the start of the year and 31 October, the original equipment and replacement markets are respectively four per cent and two per cent higher year-on-year.
SMMT figures show that commercial vehicle demand grew 27.0 per cent in October to 35,027 units, driving the market up 14.1 per cent to surpass 300,000 units. Truck registrations saw a sharp upturn of 65.7 per cent to 8,457 units, marking the first month of growth for the market in 2014. Year-to-date levels remain down […]
October car sales push yearly figure past two million
SMMT figures reveal that new car registrations jumped 14.2 per cent in October to 179,714 units, marking the 32nd consecutive month of growth. 2,137,910 cars have been registered in the year-to-date – the first time the market has passed two million in October since 2007. Rising demand for alternatively-fuelled vehicles continued, with the market up […]
“September marked another stable month with a 6.4 per cent growth for the motorcycle market.” said Stephen Latham, Head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK. In total, 757 more machines were registered in September 2014 than in September 2013, however it was expected there would have been a higher demand on the back of the new 14-plate change.
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