My Car Check says the used motorbike, scooter and moped market has been irregular, as the riding season enters its final month. Rob Hobson said: “It really has been an unusual year in the used two-wheel market. Some traders say they are busier than ever, but against that used bikes advertised through the classifieds seem […]
Analysing the car market following the introduction of the 66 plate, head of valuation services at My Car Check, Gavin Amos says that the used car market has improved, while 4×4 sales remains strong. “The used market picked up throughout September with many dealers and traders reporting strong enquiry levels. For main agents, attention has […]
With nearly 112 million vehicles now connected around the world, the global market for automotive cybersecurity is expected to grow exponentially – to $759 million in 2023, according to a new report, ‘Automotive Cybersecurity and Connected Car’, from IHS Automotive, part of business information provider IHS Markit. Connected cars are defined as those that have a connection to the internet, through telematics, an on-board modem or a paired device in the vehicle, such as a mobile phone or other device.
With the number of new car registrations increasing and SUVs leading the way in new car sales, the desire for owning a 4x4/SUV has led to a surge in demand for tyres in this lucrative market, distributor Grouptyre confirms. SMMT figures for August 2016 bear this out – numbers seven to 10 on the bestselling new cars table are all crossover SUVs. With greater popularity, opportunity follows for tyre manufacturers, and the wholesaler states that its suppliers are continuing to develop product ranges to meet the demands of vehicle manufacturers and their expanding range of vehicles. All the evidence points to continuing growth for 4x4 tyre sales following on from 2015’s double-digit increases, as revealed in our March issue by market research specialists GfK Automotive.
Light commercial vehicles’ sales rose 6.3 per cent compared to last year with 15,385 vans and light trucks registered, the latest SMMT commercial vehicle registration figures show. The most significant increase came from mid to large size vans, which grew by over 14 per cent. ‘Pick-ups’ and 4x4 trucks showed a minor growth, while sub 2.0t car-derived vans, often used by self-employed tradespeople, declined -5.2 per cent.
The UK new car market achieved modest growth in August, as registrations rose 3.3 per cent against the same month last year, according to figures released by SMMT. 81,640 new cars were registered in the month, with year-to-date performance remaining positive, up 2.8 per cent to 1.68 million units.
The motorbike, scooter and moped sector is described as “muted”, with inclement weather and a contracting new bike market suggested as reasons for the relative inactivity. My Car Check’s Rob Hobson said: “It is very much a mixed report this month. New registration numbers for 2016 are still up, although July was down compared to the same month in 2015 – the first time that’s happened this year.
My Car Check’s valuation experts have spoken about the significant trends in the UK used vehicle market for August, adding its car of the month. Head of valuation services at My Car Check, Gavin Amos, said: “Used car sales have slowed over the last month, which is only to be expected at this time of year.”
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.
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.
Commenting on statistics released by the Motor Cycle Industry Association, Stephen Latham, head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK, said: “In spite of widespread concern over the referendum result, June registrations for new motorcycles were up 6.9 per cent over the same period last year”.
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.
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.