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30th consecutive month of growth in UK car registrations – SMMT

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SMMT August 2014 car reg graph

Traditionally a fallow month ahead of the introduction of new plates, August has continued the trend of new car registration growth in the UK. Announcing the figures, the Society of Motor Manufacturers and Traders revealed that 72,163 new cars were registered in August, a 9.4 per cent rise on August 2013 and the 30th consecutive month of growth. Anticipation is now growing for September, usually a far busier month on the back of the plate change.

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CV sales up by more than a quarter in July

“Sales of commercial vehicles continued to increase in July with registrations up 25.8 per cent”, said Sue Robinson, Director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK, commenting on the SMMT’s van and truck registration figures.

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UK car market continues to grow in July figures

July registrations figures show that 172,907 new cars were registered in July, according to the SMMT, a rise of 6.6 per cent and the 29th consecutive month of growth. Economic confidence and attractive finance are said to have driven the rejuvenated market up 10.1 per cent year-to-date to 1,460,172 units. As a result of the faster-than-expected first half growth, the SMMT has upped its 2014 market forecast to 2.45 million registrations, up 8.1 per cent on 2013.

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UK car production up 3.5% in first half of 2014

Car production in the UK has been described as “robust” by the Society of Motor Manufacturers and Traders, who report that manufacturing volumes rose 3.5 per cent year-on-year between January and June 2014 to 791,314 units. Output in the month of June was 136,419 vehicles, 3.7 per cent higher than a year earlier and a result driven by a 16.5 per cent growth in production for the UK market.

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June a good month for van sales; not so good for trucks

Commenting on the SMMT’s van and truck registration figures for June, Sue Robinson, Director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK, said: “June has been a good turning point in the year for the commercial vehicle market, and we have seen a modest improvement in overall sales figures”.

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  1. Bus and coach registrations rise 13.5 per cent in September
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UK new car sales at highest point since 2005

During the first six months of 2014, a total of 1,287,265 new cars were registered in the UK. The Society of Motor Manufacturers and Traders says this figure represents 10.6 per cent year-on-year growth and is the best half-year total since 2005. New car registrations rose 6.2 per cent year-on-year in June to 228,291 units. SMMT sees the market as being on track for 2.4 million new car registrations this year, more than six per cent above the 2013 figure.

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Government fund designed to support UK automotive suppliers

A new £24 million government fund is intended to give UK-based automotive suppliers a boost. Announced today by Business Minister Michael Fallon at the Automotive Council’s Meet the Buyer event at ExCeL London, the Tooling Funding Programme will help component manufacturers design, develop and manufacture new tooling where they would otherwise fail to acquire funds.

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UK car export values double in a decade

Income generated by UK car exports more than doubled over the last decade, according to data collated by the Society of Motor Manufacturers and Traders (SMMT). Exports totalled £12 billion in 2004, but rose to £24.8 billion in 2013. During the same period the average wholesale value of each exported car rose from £10,200 (2004) to £20,640 (2013).

At the organisation’s International Automotive Summit in Canary Wharf on 11 June, SMMT Chief Executive Mike Hawes also revealed that, alongside rising manufacturing volumes, the income surge is largely attributable to the shift to building higher-quality models across the country.

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UK bus and coach registration fall slightly in May

The UK bus and coach market was slightly down in May after a strong April, reports the Society of Motor Manufacturers and Traders. Chief executive Mike Hawes shares that “after a glut of new bus and coach registrations in April, the sector performed more modestly in May, down 3.3 per cent.” A total of 644 buses and coaches were registered in May 2014. So far a total of 3,356 buses and coaches have been registered in the UK during 2014, 4.1 per cent more than in the first five months of 2013.

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Longest ever period of growth for UK new car market

Figures from the SMMT show that new car registrations rose 7.7 per cent in May to 194,032 units – the most in May since 2004. This means that the new car market has grown for 27 consecutive months, breaking the record set in the late 1980s. Registrations for 2014-to-date have also passed the one million mark, rising 11.6 per cent to 1,058,974 units. Mike Hawes, SMMT Chief Executive, said, “The new car market has now grown in every month since March 2012 – the longest period of growth on record and a reflection of the UK’s ever-improving economic conditions.

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SMMT kicks off 2014 Award of Automotive Innovation

The SMMT’s Award for Automotive Innovation, is returning for a fifth time this year. Sponsored by GKN and supported by The Times, the award recognises UK-born concepts and technologies that have the potential to transform the wider automotive industry. Ford Motor Company took the crown last year with its efficient, yet powerful, 1.0-litre EcoBoost engine, which now features in more than 100,000 cars and vans across the country.

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OLEV, ULEV and the tyre business

As the May issue of Tyres & Accessories went to press, the government shared details of how its Office of Low Emission Vehicles (OLEV) is going to spend its £500 million funding allowance. For its part, the Society of Motor Manufacturers and Traders (SMMT) duly welcomed the half a billion pound funding boost for low emission vehicles, characterising the move as part of a wider campaign to make the UK “a leader in the development and take-up of low emission vehicles”. Clearly this is on the political and commercial agendas (at least as far as the automotive manufacturers are concerned), but what does this all mean for the tyre business in general? And, with this year’s Tyre Retail feature published from page 26 of this issue, what does this mean for garages and tyre retail in particular?

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Bus and coach market steady in March but still behind 2013

The bus and coach market remains stable; down just 0.2 per cent in March to 1,032 units. The purpose-built sector dropped -28.7 per cent in the month and -23.5 per cent for the year-to-date, while the converted bus market continued to rise, up 22.3 per cent in March to 707 units.

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Van and truck sales up in March

Demand for the new 14 registration plate fuelled commercial vehicle growth in March. Total commercial vehicle registrations grew 11.4 per cent in March to 54,232 with the rolling year figure up 15.6 per cent to 335,840.

The combined March and September plate-changes typically account for around a third of the annual van market. The strong 14.6 per cent rise to 50,064 van registrations is in line with expectations

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