EU CV registrations rise 6 per cent in May
Figures published by ACEA show that, in May 2015, demand for new commercial vehicles in the EU increased (+6.0 per cent) for the fifth consecutive month, totalling 160,550 units. Growth was sustained across all commercial vehicle segments. Results were diverse among the major markets, with Germany (-9.1 per cent) and France (-5.6 per cent) facing a downturn, while Spain (+30.1 per cent) and the UK (+17.4 per cent) posted double‐digit growth.
Continue Reading‘Steady growth’ in UK car manufacturing during May
Latest figures from the Society of Motor Manufacturers and Traders (SMMT) reveal a steady growth in UK car manufacturing in May, with 119,338 cars built – a rise of 2.3 per cent. The strong domestic market once again played a significant part with a 13.3 per cent increase outweighing a small dip (-0.2 per cent) in production for export.
Continue ReadingACEA guide underlines importance of automotive industry to Europe
The European Automobile Manufacturers Associations (ACEA) new Pocket Guide highlights the impact the automotive industry has on the European economy. This years Pocket Guide highlights the continuing importance of the automotive industry to the European economy, said Erik Jonnaert, secretary general of ACEA. Its statistics show an industry that continues to provide employment and mobility, generate tax and trade revenue, and lead the world in terms of innovation.
Continue ReadingMotorcycle demand continues upward trend
The National Motorcycle Dealers Association (NMDA) has reported the continuation of positive growth in the UK motorcycle market. “It is positive to see that the motorcycle market has continued to grow, with dealers reporting a 10.7 per cent increase in registrations in May”, said Stephen Latham, the association’s head. Registrations in May closely resemble the average market increase of 11.3 per cent through the first quarter of 2015.
Continue ReadingNFDA urges government to enhance alternative fuel vehicle grants
The National Franchised Dealers Association (NFDA) is urging the Government to review urgently the funding and infrastructure plans associated with alternative fuel vehicles (AFVs) to make them a viable option for mainstream motorists.
Continue ReadingNumber of nearly new cars on the market almost doubles
The number of nearly new cars in the retail market has nearly doubled in the last six months, indicating that manufacturers are pre-registering ever larger numbers, reports Glasss. According to Glasss Radar sales tracking product, the number of sub-one year old cars sold in the UK during March was 91 per cent higher than six months ago, in October 2014.
Continue ReadingApril surge for CV registrations
UK commercial vehicle registrations rose 23.5 per cent in April, with similar growth of 23.9 per cent for the year to-date. The strong demand for trucks continued, up 43.5 per cent to 3,900 units. Van registrations increase for the 12th consecutive month to 24,927; a rise of 20.9 per cent. These figures were released by the SMMT.
Continue Reading10-year high for April car registrations
Figures released by the Society of Motor Manufacturers and Traders (SMMT) on the morning the UK heads to the polls underline a robust new car market, with registrations up for the 38th consecutive month in April. Demand rose by 5.1 per cent to 185,778 units – the month’s best performance since 2005. Year-to-date registrations for 2015 are up 6.4 per cent to 920,366.
Continue ReadingTyre retail market in a redistribution phase
While many of the names of the top 20 tyre retail chains will be familiar, the last year has seen the continuation of a number of so-called right-sizing and redistribution trends, especially at the bottom end of the top 15 between places (positions 11 – 15). At the same time, one or two medium sized retailers have grown significantly since the last survey, resulting in greater influence from this part of the market. At the same time as this, the total number of branches controlled by the top 20 chains continues to grow – pushing the balance of power further in the direction of those retail multiples.
Continue ReadingMotorcycle registrations sustain January growth – NMDA
The National Motorcycle Dealers Association has revealed that February registrations continued the strong start to 2015 witnessed in January, with double-digit year-on-year increases. As with previous months the 51-125cc sector showed an increase of 12.4 per cent as the biggest sector in volume terms, which means 207 more machines registered over February 2014. While sales in most power ranges increased, the sub-50cc moped segment decreased 20.7 per cent.
Continue Reading10-month consecutive CV registration growth ‘encouraging’ – NFDA
“It is encouraging to see that the commercial vehicle market continued to grow in February with registrations up 19.5 per cent”, said Sue Robinson, director of the National Franchised Dealers Association. February marked the tenth consecutive month of growth in the CV market - up to 40,491 units. Van demand sustained its upward trend and grew 17.9 per cent, and for the second month running, truck registrations increased 31.7 per cent to 2,518 units.
Continue Reading36th month of growth in car sales
Figures released for February by the Society of Motor Manufacturers and Traders (SMMT) show that the UK new car market has grown for a 36th consecutive month – a record growth period. The new car market grew 12.0 per cent in February with 76,958 cars registered and this marks the UK’s first three straight years of increases.
Continue ReadingCV registrations rise in February
SMMT figures show that commercial vehicle registrations grew 19.5 per cent in February, with 40,491 vehicles registered so far this year. Both the truck and van sectors performed well; truck registrations continue to increase as demand sees steady return to form, up 31.7 per cent in February, while there was a sustained strong performance from the van market, which rose by 19.5 per cent in the month.
Continue ReadingFerrari loses branding ground to Germans, as F1 sheen wears thin
As the worlds car companies gather in Geneva for the biggest event of the year, brand valuation and strategy consultancy Brand Finance has released its annual review of the state of their brands. Every year, Brand Finance puts thousands of the worlds top brands to the test. They are evaluated to determine which are the most powerful, and the most valuable.
Continue ReadingLego overtakes Ferrari as World’s most powerful brand
Every year, leading brand valuation and strategy consultancy Brand Finance puts thousands of the world’s top brands to the test. They are evaluated to determine which are the most powerful, and the most valuable. Analysis of the world’s top brands shows Lego has replaced Ferrari as the world’s most powerful brand, with Ferrari dropping to ninth.
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