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Car scrappage scheme would quickly benefit UK economy – GlobalData

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A car scrappage scheme to boost UK vehicle sales was reported to be unlikely this week, quelling hopes of a subsidised shift towards electric cars. However, according to Calum MacRae, automotive analyst at data and analytics company GlobalData, such a move would benefit the country’s economy. “Just a few days ago, it seemed that a £6,000 new car purchase incentive scheme was close to being signed-off, but it looks like the Treasury is now considering a wider-ranging fiscal stimulus package that will forego specific incentives for the automotive sector.

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  2. Shutdowns to cost European auto industry £29bn – GlobalData
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Vans are a bright spot in Europe’s automotive downturn: GlobalData

Mercedes-Benz

Light commercial vehicles (LCVs) including vans are an often overlooked, but important, component of the European light vehicle market, particularly in the current coronavirus crisis, says GlobalData. Calum MacRae, automotive analyst at the company, says: “As online delivery becomes more important to our everyday lives and as we shelter indoors from the coronavirus, the importance of the LCV typified by light vans such as the Ford Transit is self-evident.”

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  1. Ford, Volkswagen Alliance targets win-win in vans, medium pickup trucks – Frost & Sullivan
  2. Shutdowns to cost European auto industry £29bn – GlobalData
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  4. European light vehicle market forecast to see 80 per cent fall in April – GlobalData
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European light vehicle market forecast to see 80 per cent fall in April – GlobalData

Following the news that the European light vehicle market declined by an unprecedented 47 per cent in March, Calum MacRae, automotive analyst at data and analytics company GlobalData, offers his view: “The picture for Europe closely mirrors that of the UK with sales finishing 47 per cent down in March compared with last year’s totals.

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Related news:

  1. Global light vehicle sales low, further decline expected for 2020
  2. Shutdowns to cost European auto industry £29bn – GlobalData
  3. Vans are a bright spot in Europe’s automotive downturn: GlobalData
  4. Europe’s auto industry faces a tough 2020, says GlobalData
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Shutdowns to cost European auto industry £29bn – GlobalData

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After a period of sweeping announcements by European automakers that they are halting production at European plants for several weeks, Calum MacRae, automotive analyst at GlobalData, has quantified potential effects on industry forecasting.

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Related news:

  1. UK car production falls 14.2 per cent in 2019
  2. Automotive forecasts revised down as crisis deepens – GlobalData
  3. Recovering demand ‘crucial to sustainability’ of VW restarted production
  4. Car scrappage scheme would quickly benefit UK economy – GlobalData
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Global light vehicle sales low, further decline expected for 2020

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In 2019, global light vehicle (LV) sales were at their lowest point since 2015, at 89.8 million, which was 4.8 per cent down on 2018’s 94.3 million total. December’s sales of 8.15 million were 2.3 per cent lower than in December 2018, according to GlobalData, a leading data and analytics company.

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Related news:

  1. European light vehicle market forecast to see 80 per cent fall in April – GlobalData
  2. Shutdowns to cost European auto industry £29bn – GlobalData
  3. Vans are a bright spot in Europe’s automotive downturn: GlobalData
  4. Car scrappage scheme would quickly benefit UK economy – GlobalData
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