Market Info
February LCV sales rise 1.8 per cent
This year to date, 36,620 new LCVs have been registered, representing a rise of 5.8 per cent on the first two months of 2018.
SMMT figures ‘extremely worrying’ says KPMG
Justin Benson, head of automotive at KPMG UK, comments on the latest SMMT car manufacturing figures, which saw a 9.1 per cent fall in 2018.
UK CV manufacturing 8.5% up in 2018
British commercial vehicle manufacturing grew 8.5 per cent in 2018, the Society of Motor Manufacturers and Traders (SMMT) has revealed. The increase in output, with 84,888 units leaving production lines, follows weaker performances in 2016 and 2017. The SMMT added that strong market incentives ahead of model changes also played a part in boosting output.
Demand for tyre silencing technology doubles in one year – Pirelli
Homologations of Pirelli tyres equipped with the manufacturer’s Pirelli Noise Cancelling System (PNCS) technology numbered 78 by the end of 2017. One year later, the figure increased by 100 per cent, now making a total of more than 150.
Mycarcheck.com January 2019 market guide tackles Brexit ‘uncertainty’
Mycarcheck.com’s valuation experts have revealed significant trends in the UK used vehicle market, choosing a car and bike of the month.
UK new van market holds steady after mixed 2018
The new light commercial vehicle (LCV) market dropped -8.8 per cent in December, capping off a mixed year for the sector, which saw a moderate decline of -1.3 per cent in 2018, according to the latest figures from the SMMT.
Fall in new car market a ‘wake up call’ to policy makers
The UK new car market declined by -6.8 per cent in 2018, with annual registrations falling for a second year to 2,367,147 units, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). A -5.5 per cent decline in December capped a turbulent year of model changes, regulatory upheaval and continued anti-diesel policies, adding to the ongoing decline in consumer and business confidence.
Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report
An analyst report published by Jefferies International Limited has stated that the closure of Michelin’s Dundee plant “supports [the company’s] intent to accelerate cost savings during 2019-20.” Presenting its nine-month 2018 results in October, Michelin warned that demand had deflated in the car and truck markets and it was revising down its guidance; subsequently Michelin shares fell to a seven-year low.
Van market up five per cent in August
The British light commercial vehicle (LCV) market grew last month according to figures from the Society of Motor Manufacturers and Traders (SMMT). Just over 16,000 new LCVs were registered in the traditionally small month of August, representing a 5.0 per cent increase in demand.
August car sales up 23 per cent – electric cars account for one in twelve sales
The UK new car market enjoyed a boost in August, as year-on-year demand rose 23.1 per cent, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). 94,094 new cars were registered in the month as the market responded to regulatory changes, with cost-savvy buyers taking advantage of some compelling deals in what is always one of the year’s smallest months.
New van market declines -5.9 per cent in July
The UK new light commercial vehicle (LCV) market declined -5.9 per cent in July, with 23,309 vans and pick-ups registered, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
Car market stabilises in July
The UK new car market remained stable in July, with year-on-year demand growing by 1.2 per cent, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). 163,898 new cars were registered in the month as the market stabilised following a turbulent first six months.
June LCV sales down nearly six per cent
British light commercial vehicle (LCVs) registrations declined in June, according to figures from the Society of Motor Manufacturers and Traders (SMMT). 35,182 new vans and pickups were registered last month, representing a -5.8 per cent decline on June 2017.
SMMT urges government to back new-tech diesel following market decline, uncertainty
The Society of Motor Manufacturers and Traders (SMMT) is urging the UK government to act to support the sale of traditionally fuelled vehicles following the news that the UK new car market declined moderately in June. Year-on-year demand fell by -3.5 per cent, the SMMT stated, as 234,945 new cars joined British roads, representing relative stabilisation considering recent turbulence over the past year or so. While alternatively fuelled vehicle sales continue to rise, they are not yet at a level that can relieve the decline in traditionally fuelled vehicle sales, and the SMMT argues for government to provide increased support for petrol and especially new technology diesel vehicles.
Mycarcheck.com: Sales spikes for alternative fuel cars and 126-650cc bikes
Mycarcheck.com’s valuation experts reveal significant trends in the UK used vehicle market and choose a car and bike of the month.