Polarised brand tier growth in UK van tyre market
While van manufacturers have been both developing their electric portfolios and sustaining a double-digit sales contraction in a pandemic affected market, the picture for van tyre suppliers is certainly not as hostile. As we will see in this feature, the requirements of e-commerce and electric vehicles are providing new impetus to van tyre suppliers in the medium term. But 2020 UK figures generated by market data analyst GfK’s Point of Sales Tracking show that the segment is faring better than many with the travails of this year. At the same time, several trends are coalescing to improve the fortunes of van tyre suppliers.
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How to view the Tyre Industry Conference
Our virtual Tyre Industry Conference, in association with the National Tyre Distributors Association and supported by CAM, is available now. Click here to go to our conference page. The conference comprises four videos on Tyre Market Data, Tyre Standards, end of Life Tyres, and Tyre Recycling. If you would like to comment on any of the contents, use our social media pages and the hashtag #TIC2020, or email theeditor@tyrepress.com.
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Does size matter? Today’s cars are more than 63% bigger
Cars are getting bigger, there’s no doubt about it, and it seems UK infrastructure can’t keep up with our ever-growing vehicles, leaving drivers in a spot of bother on the roads. To find out just how much cars are expanding, Zuto analysed 14 of the UK’s most popular cars to see the difference in size in comparison to the original versions.
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All-season tyre growth, especially for premium brands – GfK
The Covid-19 pandemic and lockdown has made 2020 an annus horribilis for the UK car tyre market, with a near quarter-long lockdown slashing miles driven, original equipment sales due to prolonged factory closures, and reducing sales opportunities further with the government’s MOT exemption. However, tyre businesses have begun ramping up again in response to the reopening of business sectors, people returning to work, and the possibility that private car usage could become increasingly popular as commuters avoid public transport – though the trend for working from home could create more than a headwind for any growth in miles driven. Perhaps the greatest driver of UK car tyre sales growth in 2020 could be the projected spike in MOTs in the autumn, as the period of exemption expires for many pandemic affected motorists. Halfords Autocentres estimates that there could be an 85 per cent jump in demand for MOTs in October - click here for Tyrepresss own analysis of the MOT situation. Why is this important in a feature about all-season and winter tyres? As we are about to see, the all-season tyre segment continued its impressive growth over April 2019 - March 2020.
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First LCV market growth since January
The Society of Motor Manufacturers and Traders has announced the first growth month for the UK’s light commercial vehicle (LCV) market since January. There was a 7.1 per cent increase in registrations in July, with 27,701 new LCVs joined Britain’s roads.
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Auto analysts comment on ‘perfect storm’ for car sector
Car industry analysts have outlined the compound challenge facing the UKs car sector following the publication of the Society of Motor Manufacturers and Traders half-year figures. The stats show that the first half of 2020 yielded the lowest level of UK car manufacturing since the 1950s. Edwin Kemp, head of automotive strategy at KPMG, commented that the SMMT’s June 2020 new car manufacturing analysis is a harbinger for businesses’ likely descent into insolvency throughout the automotive supply chain. Peter Barnes, head of automotive at global legal business, DWF, added that the challenges facing the UK automotive industry add up to a perfect storm for the sector.
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UK car production down -42.8%, 11,000 jobs lost in coronavirus crisis
UK car manufacturing output declined -48.2 per cent in June, Society of Motor Manufacturers and Traders figures reveal. Only 56,594 units were produced in the month. The SMMT revealed that the 381,357 cars produced in the first half of 2020 represent the weakest six months of UK manufacturing since 1954. This is -42.8 per cent down on 2019’s first half, with more than 285,000 units fewer produced. 11,349 jobs have been lost across manufacturing and retail during the pandemic. The SMMT warns that the fear of Brexit tariffs could endanger more jobs without dedicated restart support. The society called for greater urgency in talks to secure an ambitious free trade agreement with the European Union. Its latest survey data shows nine in 10 firms are missing clarity of information to allow them to prepare for the end of the transition to the new ongoing relationship between the UK and EU.
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Bridgestone raising tyre prices 4 per cent
Bridgestone EMIA (Europe Middle East India and Africa) has announced a price increase of up to 4 per cent.
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Michelin world’s most valuable tyre brand, but Bridgestone well-placed to regain pole
In addition to being the strongest brand globally, according to Brand Finance, Michelin has been named the worlds most valuable tyre brand for the third year in a row. However, the gap between first position and second-placed Bridgestone narrowed, meaning the Japanese tyre manufacturer is well-placed to regain pole.
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Michelin remains world’s strongest tyre brand
Michelin remains the world’s most valuable and strongest tyre brand, according to the latest Brand Finance Automotive Industry report. However, while Michelin has retained its top position for the second year in a row since it gained the crown from Bridgestone in 2018, Chinese tyremaker Linglong Tires cemented its position as an up-and-coming tyre brand by entering the top 10 after a couple of years of being tipped as a fast riser.
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Peak petrol – has UK hit auto landmark unnoticed?
Following the SMMTs June round of car registrations figures, analyst Deloitte wonders if there is cause to think a UK automotive landmark has passed. While much of the focus has been on the historic depths the countrys car sales have hit, the proportional demand for hybrid and electric vehicles has continued to rise at pace. Michael Woodward, UK automotive lead, Deloitte, said: “The automotive industry is taking positive steps towards recovery from the impact of COVID-19. Socially-distanced showrooms have been reopened in England for a full month, and factory production is ramping up again, in some cases faster than expected.
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Van market shrinks -24.8 per cent in June – SMMT
UK new car registrations fell -34.9 per cent in June, according to figures from the Society of Motor Manufacturers and Traders (SMMT) as the market began a tentative restart after more than two months of lockdown. The drop was an improvement on May’s -89.0 per cent wipe-out but, with 145,377 new car registrations, this still represented a significant decline of 78,044 compared with June 2019, as dealerships in Wales and Scotland remained closed for much of the month.
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UK new car market down a third as tentative restart reveals subdued demand
UK new car registrations fell -34.9 per cent in June, according to figures from the Society of Motor Manufacturers and Traders (SMMT) as the market began a tentative restart after more than two months of lockdown. The drop was an improvement on May’s -89.0 per cent wipe-out but, with 145,377 new car registrations, this still represented a significant decline of 78,044 compared with June 2019, as dealerships in Wales and Scotland remained closed for much of the month.
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ACEA forecasts record 25% drop in car sales
The European Automobile Manufacturers’ Association (ACEA) predists that the market for cars in Europe will be down a quarter in 2020. The association revised its forecast radically due to the economic challenges the COVID-19 pandemic poses to the auto industry. Around 3 million fewer cars will be sold in 2020 according to the forecast. EU sales numbered 12.8 million in 2019, but are now forecast to be as low as 9.6 million in 2020.
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