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Slight July car registrations increase gives reason to be cautious

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Figures released by the SMMT show that UK new car registrations experienced a very slight increase in July, up 0.1 per cent for the month, at 178,523 units. 1,599,159 new cars have been registered so far this year, putting demand in the year-to-date 2.8 per cent higher than for the same period in 2015, following a strong first quarter. Fuelled by a possible inflection point in the market – two years of strong car registrations figures have built up a wave of two-three year old used cars that could detract from new car purchases – and the as-yet unseen effects of the Brexit decision, some are advising a note of caution.

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Related news:

  1. 10-year high for April car registrations
  2. Steady growth in May car registrations
  3. Slower August for UK new car market – registrations drop 6.4 per cent
  4. August car sales up 23 per cent – electric cars account for one in twelve sales
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Brexit decision at ‘inflection point’ for car market – Close Brothers Motor Finance

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Following the publication of the SMMT’s UK monthly automotive manufacturing figures for June, Chris Bosworth, director of strategy at Close Brothers Motor Finance, suggests that the current growth spurt may be coming to a close. The extent to which this will be affected by Brexit remains to be seen, Bosworth adds, though it coincides with what he calls an “inflection point” for the UK car market.

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Related news:

  1. UK automotive production drops again as investment dries up
  2. SMMT: 1 in 3 auto sector firms shedding jobs ahead of no-deal Brexit
  3. SMMT calls again for “ambitious” EU trade deal as UK car production drops 16.5% in November
  4. Slight July car registrations increase gives reason to be cautious
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UK car production continues to boom in June

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UK car makers reported their 11th consecutive month of growth in June, according to figures released by SMMT. Production grew 10.4 per cent to 158,641 units – the highest level for the month since 1998, when volumes reached 172,232.

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Related news:

  1. UK automotive production drops again as investment dries up
  2. Return to 1.5 million mark expected for UK car manufacturing in 2013
  3. SMMT: 1 in 3 auto sector firms shedding jobs ahead of no-deal Brexit
  4. SMMT calls again for “ambitious” EU trade deal as UK car production drops 16.5% in November
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SMMT consults on proposals aimed at improving air quality in London

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New political leaders are starting to make their mark on the automotive landscape. The new Mayor of London, Sadiq Khan, has just launched a consultation on air quality in the capital.

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Related news:

  1. UK beats CO2 emissions targets again
  2. Fall in new car market a ‘wake up call’ to policy makers
  3. Diesel decline sees CO2 emissions rise
  4. Have emission standards hit the new car market?
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June CV registrations mean record van sales for first half 2016

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Overall light commercial vehicle demand was up 2.7 per cent in June with 36,700 units registered. New van market reached record levels in the first six months of 2016, increasing by 3.0 per cent compared to last year, to 191,996 units.

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Related news:

  1. NFDA sees light commercial registrations rise, powered by mid-large vans
  2. May LCV market declines
  3. 10-month consecutive CV registration growth ‘encouraging’ – NFDA
  4. LCV registrations down 11 per cent in November
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Record six months for new car market, though June demand contracts – SMMT

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The first six months of 2016 have seen new car registrations grow by 3.2 per cent in total, with 1,420,636 registered so far, according to figures released today by SMMT. This represents the best half-year performance ever recorded, though demand has levelled off in recent months, culminating in a slight fall (-0.8 per cent) in June 2016.

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Related news:

  1. Steady growth in May car registrations
  2. Fleet registrations propping up small growth in UK new car market
  3. Fall in new car market a ‘wake up call’ to policy makers
  4. September car registrations down 20.5 per cent
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UK car manufacturing up a quarter in May

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UK car manufacturing output rose by a quarter in May, according to new figures published today by the Society of Motor Manufacturers and Traders. SMMT reports that 150,802 cars were built in the month, a 26.4 per cent jump compared with May last year. Export growth outpaced domestic orientated output, with the sectors reporting 27.3 […]

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Related news:

  1. IHS: 2015 car registrations show gains across brands and segments
  2. KPMG: Brexit uncertainty behind UK car production dips
  3. ‘Modest’ overall decline in November new car sales
  4. New car market stable in February
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Conti CEO: Brexit vote “very worrying”

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Leading tyre manufacturers have begun offering their responses to the UK electorate’s decision to leave the EU. Describing the trajectory of the Brexit vote as “very worrying”, Continental AG CEO Dr Elmer Degenhart commented: “Taking the pan-European context into account the vote is very worrying. ‘Everyone on his own’ does not fit the idea behind the formation of the EU and cannot be the answer to the challenges of the global competition with America and Asia.”

However, Degenhart does not expect big problems for Continental itself: “The direct economic impact on Continental is expected to be limited because currently we generate less than 3 per cent of our sales in the UK and expect to be successful in this market also in the future.”

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Related news:

  1. Coach and Bus tyre features punching above segment’s weight
  2. UK Automotive industry demands Brexit safeguards
  3. So long, farewell, auf wiedersehen, goodbye EU
  4. Michelin and Pirelli lead in rubber sustainability – Context Group
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UK automotive suppliers investing £225 million over the next three years

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The SMMT’s Automotive supply chain members are planning to invest £225 million over the next three years in a bit to boost the British content of vehicles built in the UK.

In a new survey of more than 100 SMMT supply chain member companies, 94 per cent said they plan to invest in their businesses over the next three years – at a total of £224,485,000. Of those, four in five (79%) intend to invest in plant, machinery or tooling; three quarters (73%) in skills and apprentices; and two thirds (66%) in new product development.

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Related news:

  1. Automechanika Birmingham 2017 part of UK automotive’s reshoring efforts
  2. Automotive industry responds to PM’s Brexit speech
  3. Toyota investing £240 million in Derbyshire factory
  4. UK Automotive industry demands Brexit safeguards
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‘Steady growth’ in new van sales in May

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The UK new van market saw steady growth in May 2016, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). Demand for new light commercial vehicles (LCVs) rose 1.9 per cent, with more than 28,000 hitting British roads – the highest number on record for the month.

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Related news:

  1. February LCV market fall was “not unexpected” says SMMT
  2. May LCV market declines
  3. October LCV sales down 7.4%
  4. LCV registrations down 11 per cent in November
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Steady growth in May car registrations

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Demand for new cars in the UK remained stable in May with a steady 2.5 per cent growth in registrations, according to figures released by The Society of Motor Manufacturers and Traders (SMMT). 203,585 cars were registered in the month, May’s highest total since 2002.

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Related news:

  1. October car sales push yearly figure past two million
  2. 36th month of growth in car sales
  3. Fleets drive August growth in car registrations
  4. Record sales of AFVs in February as overall market dips slightly
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UK drivers spend £21.1 billion on service and repair (including tyres) every year

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The latest data from the Society of Motor Manufacturers and Traders (SMMT) shows that British cars are among the best maintained in the world, with UK motorists spending a collective £21.1 billion a year on servicing and repair. The data, which was released on the eve of the inaugural Automechanika Birmingham, forms the basis of the first official industry analysis of the UK automotive aftermarket. It also comes at the same time that Sainsbury’s bank has released data suggesting the average annual cost of running a car is around £2,197.42, 22 per cent – or £622 – less than 2013. The main reason for this change is that the cost of fuel has fallen by 37.8 per cent during this period.

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  1. European tyre e-tail worth 5.47 billion euros by 2021
  2. Automechanika Birmingham 2017 part of UK automotive’s reshoring efforts
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Lloyds Bank boost for UK automotive sector

Businesses in the automotive supply chain that need to invest in bespoke tools to complete contracts are to get specialist support, thanks to the launch of a new Tooling Finance product by Lloyds Bank Commercial Banking.

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Related news:

  1. ‘£2bn potential for UK auto parts supply’ – report
  2. More British cars with more British components
  3. What a difference a year makes – July CV production down 5.2 per cent
  4. SMMT: Automotive industry on Brexit “red alert”
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UK new car market continues stable growth

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UK car registration figures show the market continues stable growth, despite an ongoing run of strong growth. New car registrations in the UK made a modest gain of 2 per cent in April, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).

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Related news:

  1. IHS: 2015 car registrations show gains across brands and segments
  2. KPMG: Brexit uncertainty behind UK car production dips
  3. UK motorists drive over 40 million cars and vans
  4. New car registrations worst since 1952
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Record number of vans on UK roads

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New figures from the Society of Motor Manufacturers and Traders (SMMT) released to coincide with the opening of the 2016 CV Show indicate that the number of vans on Britain’s roads has hit an all-time high of 4 million; a 4.3 per cent increase since the previous year.

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Related news:

  1. February LCV market fall was “not unexpected” says SMMT
  2. May LCV market declines
  3. Slight decline in January LCV sales
  4. First LCV market growth since January
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