![Supply shortages mean May car registrations down by 20 per cent](https://www.tyrepress.com/wp-content/uploads/2022/06/SMMT-Car-regs-summary-graphic-May-22.png)
Supply shortages mean May car registrations down by 20 per cent
New UK car registrations fell -20.6 per cent to 124,394 units in the second weakest May since 1992, after the 2020 pandemic-hit market, as supply shortages continued to hamper new purchases and the fulfilment of existing orders, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The decline, compared with the first full month of reopened showrooms in May last year, demonstrates the impact of continued global supply chain disruptions, with the market -32.3 per cent below the 2019 pre-pandemic level despite strong order books.
Continue Reading![Battery revenues to top $168bn by 2030 but severe global shortages highly likely from 2025 – GlobalData](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Battery revenues to top $168bn by 2030 but severe global shortages highly likely from 2025 – GlobalData
The battery industry is set to be one of the most significant over the next 10 years, according to GlobalData, which predicts that revenues will exceed $168 billion by 2030. However, the leading data and analytics company notes that extraction of raw materials will not meet soaring demand unless capital markets change course in the face of ESG (Environmental, Social and Governance) pressures and invest heavily in new mines.
Continue Reading![Latest NMDA Dealer Attitude Survey shows fall in satisfaction levels](https://www.tyrepress.com/wp-content/uploads/2022/05/NMDA-logo.jpg)
Latest NMDA Dealer Attitude Survey shows fall in satisfaction levels
“It is disappointing to see that motorcycle and scooter dealers’ average satisfaction levels with their respective manufacturers have fallen across the board”, said Stephen Latham, interim head of the National Motorcycle Dealers Association (NMDA) commenting on the results of the latest, recently-published NMDA Spring 2022 Dealer Attitude Survey (DAS).
Continue Reading![57% of garages plan price increase due to cost-of-living crisis, rising parts prices](https://www.tyrepress.com/wp-content/uploads/2022/05/garage-pricing.jpg)
57% of garages plan price increase due to cost-of-living crisis, rising parts prices
57 per cent of garages are planning on increasing their prices according to a survey conducted by WhoCanFixMyCar. The survey, which was sent to WhoCanFixMyCar’s network of over 15,000 top-rated garages, mobile mechanics and dealerships, asked businesses whether they would be raising their prices soon, and if so, what had influenced that decision.
Continue Reading![‘Robust’ demand for used vehicles set to continue](https://www.tyrepress.com/wp-content/uploads/2021/08/placeholder-sml.jpg)
‘Robust’ demand for used vehicles set to continue
“As new car sales continue to be impacted by the ongoing supply constraints, it is encouraging to see that consumer appetite for second-hand vehicles remained robust in the first quarter of the year”, said Sue Robinson, chief executive of the National Franchised Dealers Association (NFDA), commenting on the latest SMMT’s used car figures. The UK’s used car market rose 5.1 per cent in the first quarter of 2022 with 1,774,351 transactions. There were 86,596 more cars changing hands compared to the same period in 2021. Despite this increase, used car transactions remain -12.2 per cent below pre-pandemic levels.
Continue Reading![Top 10 UK tyre retailers 2022 – growing fast](https://www.tyrepress.com/wp-content/uploads/2022/05/halfords-autocentre-tesla-1.jpg)
Top 10 UK tyre retailers 2022 – growing fast
Times have been tough in the last couple of years, but if the growth of the top 25 tyre retailers in the UK is anything to go by, the nation’s leading tyre retail businesses are taking triumph from adversity. Of course, Halfords’ acquisition of National Tyres and Autocare’s parent company at the end of 2021 makes up a big part of the new UK tyre retail landscape, but it is clear that adding branches to existing networks (either by organic growth or by acquisition) is a common theme across the board.
Continue Reading![The UK’s leading retailers 2022 (#11 to #15)](https://www.tyrepress.com/wp-content/uploads/2022/05/pexels-artem-podrez-8986177_web.jpg)
The UK’s leading retailers 2022 (#11 to #15)
Continuing our 2022 analysis of the leading UK tyre retailers by branch count, Just Tyres is this years number 11, having grown via the addition of two new centres which brings its total to 39. At this rate, Just Tyres is likely to overtake Mr Clutch into 10th position during the next year or two.
Continue Reading![The UK’s leading retailers 2022 (#15 to #25) – New entries and stable growth](https://www.tyrepress.com/wp-content/uploads/2022/05/Picture1.jpg)
The UK’s leading retailers 2022 (#15 to #25) – New entries and stable growth
This year the top 25 table has been characterised by growth virtually across the board. However, something that stands out in positions 15 to 25 is that there have been a couple of new entries onto the ranking in addition to this. Exemplifying stability in the market, In ‘n’ Out Autocentres appears to have remained in 15th position with 27 branches.
Continue Reading![Fall in UK March van sales](https://www.tyrepress.com/wp-content/uploads/2022/04/LCV-regs-summary-Mar-22.png)
Fall in UK March van sales
Commenting on the latest UK registration figures for vans, Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), said; “Registrations of light commercial vehicles declined in March as supply constraints and subsequent product shortages continue to have a detrimental impact on the market; these issues are not only affecting automotive, but also other economy sectors, such as the construction industry, whose stability is vital to the van market.”
Continue Reading![Ukraine war’s impact on global tyre-makers acute for Nokian, manageable for others](https://www.tyrepress.com/wp-content/uploads/2022/03/Nokian-Russia-plant-sml.jpg)
Ukraine war’s impact on global tyre-makers acute for Nokian, manageable for others
The first month of Russia’s invasion of Ukraine has already revealed several consequences for mobility and the global tyre industry, as Tyrepress’s continuing coverage of the situation has shown. The resultant sanctions imposed on Russia by an international alliance and the response of multinational companies, at least 450 of which had scaled back their business in the country as of the publication of this article, will send reverberations around global economies. The tyre industry faces impacts on several fronts – higher fuel prices and further interruption to logistics chains and materials supply will have knock-on consequences for tyre sales that will unfold over the coming months. At nearly a month after the conflict began, tyre business analyst Astutus Research examines the immediate consequences for tyre manufacturing in Russia, as well as its neighbours Ukraine and Belarus. This analysis looks at the impact of events on the global manufacturers whose plants were collectively responsible for around 70 per cent of Russia’s passenger car and light truck (PCLT) output. For more Astutus Research analysis and forecasts for the global tyre business, see the report series ‘Beyond Covid-19’ in Tyrepress’s Report Shop.
Continue Reading![Recovery’s small steps show most valuable consumer, light commercial tyre segments](https://www.tyrepress.com/wp-content/uploads/2022/02/20210913_Hankook_supplies_original_equipment_tyres_for_the_new_Porsche_Panamera_01-550x412-1.jpg)
Recovery’s small steps show most valuable consumer, light commercial tyre segments
The 2021 recovery of the UK car, SUV and van tyre (Light Vehicle) replacement market may not have been the desired quick return to pre-pandemic numbers, but GfK data supplied exclusively to Tyres & Accessories gives us some idea of how 2019 market growth areas have preserved continuity through the last two Covid-afflicted years. Tyres designed for the larger rims of higher performance and newer car models, SUV and light commercial vehicle tyres, and tyres offering performance in all seasons continued to grow at quicker rates than the whole UK replacement tyre market. These overall figures, shown in the top left-hand corner of the infographic, show that unit sales increased by three per cent within the panelmarket – similar figures comparing 2020 with 2019 published in February 2021 showed that unit sales contracted by 14 per cent for comparison. Meanwhile, the value of the UK’s Light Vehicle tyre market rose by seven per cent according to the panelmarket. GfK’s panelmarket data tracks points of sale around the UK to indicate aftermarket tyre trends – the data used for this article compares January-December 2021 to full-year 2020.
Continue Reading![January LCV sales fall, but EV sales on the rise](https://www.tyrepress.com/wp-content/uploads/2022/02/LCV-regs-summary-Jan-2022.png)
January LCV sales fall, but EV sales on the rise
The UK new light commercial vehicle (LCV) market fell by -26.9 per cent to 17,566 registrations in the first month of 2022 compared with a bumper January last year, according to the latest figures issued by the Society of Motor Manufacturers and Traders (SMMT).
Continue Reading![Positive start’ to 2022 new car sales, but overall market levels still low](https://www.tyrepress.com/wp-content/uploads/2022/02/Car-regs-summary-Jan-2022.png)
Positive start’ to 2022 new car sales, but overall market levels still low
The UK automotive sector recorded a positive start to 2022 as 115,087 new cars were registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Registrations were up by more than a quarter (27.5 per cent) on January 2021, when lockdown restrictions kept car showrooms shut.
Continue Reading![Growth in home deliveries fuels UK CV manufacturing in 2021](https://www.tyrepress.com/wp-content/uploads/2022/01/uk-cv-manufacturing-0122.jpg)
Growth in home deliveries fuels UK CV manufacturing in 2021
UK commercial vehicle (CV) production grew 11.3 per cent in 2021, following the worst year on record (dating back to 1933), with 73,600 of the latest vans, trucks, taxis, buses and coaches leaving factory lines, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
Continue Reading![Most successful year for electric cars, but 2021 UK registrations just 1% higher than 2020](https://www.tyrepress.com/wp-content/uploads/2022/01/Car-regs-summary-2021.png)
Most successful year for electric cars, but 2021 UK registrations just 1% higher than 2020
2021 UK car sales were stalled by Covid and its impact on the supply chain, the Society of Motor Manufacturers and Traders explains. 1.65 million new cars were registered in an increase of just 1.0 per cent on pandemic-ravaged 2020, making it the second-worst year since 1992. Sales were -28.7 per cent below pre-Covid levels thanks to headwinds, which included the semiconductor shortage. However, figures did show that the transition to electric cars is proceeding quickly. More than one in six registrations were plug-in, while battery electric cars alone rose to one in nine. Overall, the SMMT notes that this means more BEVs (Battery Electric Vehicles) were registered than in 2016-2020 combined. The society added that the UK auto industry is calling for the government to extend incentives and mandate chargepoint targets. It argues that the UK needs to accelerate consumer uptake of EVs, maintaining the country’s attractiveness against competitor markets.
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