UK car production falls -2.1% in January
British car production fell -2.1 per cent in January 2020, Society of Motor Manufacturers and Traders (SMMT) figures reveal. As well as being the fifth consecutive month of decline, with 118,314 units produced, UK car production has now fallen in 19 of the last 20 months. The majority (82.7 per cent) of these cars were built for export worldwide.
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Decennial shift in global PCLT tyre volume market share
The latest global tyre market share figures from tyre industry analyst Astutus Research show how long-established, leading players headquartered in Japan, Europe, and North America have seen their volume share diminish, while Chinese, ASEAN, and selected other markets’ tyre manufacturers’ share has risen. The analyst states that in aggregate, the ten leading PCLT tyre manufacturers based in Japan, Europe and North America (J-E-NA) have lost almost 6 percentage points of market share since the end of 2011 (OE and replacement segments combined, volumes in tyre units). In part this reflects a strategic choice of some to focus on the higher value premium segments of the market.
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UK commercial vehicle production stable in October – SMMT
The Society of Motor Manufacturers and Traders (SMMT) reports that UK commercial vehicle (CV) production was down -0.2 per cent in October, with 9,065 units manufactured. Output destined for some crucial overseas markets was up 9.3 per cent, though production for the domestic market fell -8.5 per cent with demand weakening.
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Van market falls in October but new models help offset market weakness
UK new light commercial vehicle (LCV) registrations fell -11.0 per cent in October, the second consecutive monthly decline, according to the latest SMMT figures. Some 3,121 fewer models were registered in the month, as uncertainty and regulatory changes continued to affect the market.
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Decline in car sales continues in October
UK new car registrations declined -6.7 per cent last month, according to figures from the Society of Motor Manufacturers and Traders (SMMT). 10,348 fewer cars were registered than in October last year, reflecting a tough environment for businesses and consumers as economic and political uncertainty continued to impact confidence.
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Maritime Cargo Services reveals market conditions affecting freight rates
Shipping plays a vital part in the world of tyre wholesaling. Managing the volatility of freight rates with efficient and transparent service is paramount in maintaining the competitiveness of distribution operations. Maritime Cargo Services, a freight forwarder with significant ties to the UK tyre industry, tells Tyres & Accessoires about the factors affecting the global shipping industry, and how its fluctuations, illustrated by this chart, which shows at a glance the trends of the last 12 months, must be managed effectively to allow tyre wholesalers to operate efficiently.
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Third of UK adults say we will never switch to driverless cars – IMechE survey
Nearly a third of UK adults think we will never switch to having only driverless cars on the roads while 60 per cent of people say they would always prefer to drive themselves rather than use a self-driving vehicle, according to a new opinion poll from the Institution of Mechanical Engineers.
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Slight fall in August new car sales, but strong showing for electric cars
SMMT figures show that the UK new car market remained steady in August, with just 1,521 fewer cars registered than in the same month last year. Registrations fell by -1.6 per cent in what is typically one of the smallest months of the year, as falling demand for diesel and plug-in hybrid vehicles continued to impact the overall market.
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