The past two decades have seen the UK automotive sector maintain its position as one of the country’s most important economic assets. Turnover is up 25.7% since 1999, to £60.2 billion last year, with a more than three-fold increase in R&D spending over the same period. However, the past year has seen the industry hit […]
Much has been written about the global shortage of semi-conductors, a situation that looks set to continue well into next year. Given the impact it is having on both UK and global car production as well as the supply chain, a knock-on effect on the new car market was sadly inevitable. While not the only […]
The Car Sales Company Bury is expanding with the addition of a new showroom, which opened this week, and is hiring 20 additional staff. The business is among the UK’s largest independent ‘car supermarkets’, dealing in used cars, buying and selling from its original premises in Bury, Greater Manchester – and now from its new […]
UK drivers considering a move to electric driving can discover how much they could save and the electric vehicle (EV) model best suited to them thanks to EV8 Switch, a new space-enabled app. The app from EV8 Technologies, is supported by NatWest Group and is free to download from the Apple App Store and the […]
The new light commercial vehicle (LCV) market saw its second best August on record with 20,582 registrations, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT).1 Compared to the pre-pandemic five year average, the industry recorded a 21.1% increase in new registrations during what is typically the market’s second […]
UK new car registrations fell -22.0% in August, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). 68,033 units were registered in what is traditionally one of the quietest months of the year for new car registrations ahead of the important plate-change in September. The monthly performance was the weakest […]
This week the Commercial Vehicle (CV) Show took place at the NEC in Birmingham. It was the largest automotive trade show in the UK since the pandemic began in March 2020, and thanks go to all the attendees, exhibitors and those who organised the event. The Show provided a platform for SMMT to launch a […]
UK commercial vehicle (CV) production grew to 5,625 units in July according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Production increased for the fifth consecutive month, growing by 7.5% compared to the same month in 2020 when production lines were running at a reduced capacity due to social […]
UK factories made 127,922 engines in July, a decline of -27.5% over the same month in 2020. The fall in output was artificially heightened by comparison to last year when engine production was recovering volumes lost due to the pandemic. Over the year-to-date engine manufacturing has increased by 6.8% to 1,058,792 units but remains -31.6% […]
UK car manufacturing output fell -37.6% in July, the first fall since February, with just 53,438 units made, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). It represented the worst July performance since 1956 as manufacturers grappled with the global shortage of semiconductors and staff absence resulting from […]
25/08/2021
Edition 293 – July/August 2021
Who tends the flame? By Business Money group editor Robert Lefroy Interview:...
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