Halfords charges into second place in the 2020 UK tyre retail ranking
At the moment it is easy to get side-tracked by all the talk of the coronavirus. But, while it is clearly an important subject, the tyre business has a century or more of pre-history, has a present and has a future. With this in mind, May’s edition of Tyres & Accessories continues in line with the last eight years of research by counting and ranking the nation’s largest tyre retail chains.
The methodology is simple, we contact companies, consult publicly available sources and use third-party data where necessary in order to triangulate our tyre retail landscape. Of course, the present circumstances may look significantly different due to the nations’ current lockdown status (see Which Garages are Open During Lockdown). However, the shape of the tyre retail business before the lockdown will surely help the retail trade strategize for its ongoing future after lockdown, making this data as actionable as ever.
China’s vehicle market heading for 2020 decline – GlobalData
China’s vehicle market was down 43 per cent in March, at 1.43 million units. David Leggett, automotive editor at GlobalData, said that April “will be key to seeing how the recovery to demand is shaping up and also how robust it is.”
March motorbike registrations show beginning of COVID-19 impact on market
13,075 new motorcycles were registered in March, down from 16,682 in March 2019. In the year-to-date, the market has shrunk by -12.2 per cent, from 10,449 in 2019 to 10,753 in 2020 so far. “Motorcycle registrations for the plate-change month of March were -21.6 per cent in decline against the previous March of 2019,” said Stephen Latham, head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK.
The word unprecedented has been used a lot recently. However, it is true to say that the UK tyre industry has never experienced a set of circumstances like this and hasn’t witnessed national action on this scale since the second world war. So, which tyre garages are open during lockdown?
British car production fell -2.1 per cent in January 2020, Society of Motor Manufacturers and Traders (SMMT) figures reveal. As well as being the fifth consecutive month of decline, with 118,314 units produced, UK car production has now fallen in 19 of the last 20 months. The majority (82.7 per cent) of these cars were built for export worldwide.
Decennial shift in global PCLT tyre volume market share
The latest global tyre market share figures from tyre industry analyst Astutus Research show how long-established, leading players headquartered in Japan, Europe, and North America have seen their volume share diminish, while Chinese, ASEAN, and selected other markets’ tyre manufacturers’ share has risen. The analyst states that in aggregate, the ten leading PCLT tyre manufacturers based in Japan, Europe and North America (J-E-NA) have lost almost 6 percentage points of market share since the end of 2011 (OE and replacement segments combined, volumes in tyre units). In part this reflects a strategic choice of some to focus on the higher value premium segments of the market.
UK commercial vehicle production stable in October – SMMT
The Society of Motor Manufacturers and Traders (SMMT) reports that UK commercial vehicle (CV) production was down -0.2 per cent in October, with 9,065 units manufactured. Output destined for some crucial overseas markets was up 9.3 per cent, though production for the domestic market fell -8.5 per cent with demand weakening.
The used car market rose by 0.9 per cent in the third quarter of 2019 with 2,076,382 vehicles changing hands, 18,925 more than the same period in 2018. Plug-in electric and hybrid models showed a solid increase of 13.0 per cent. Demand for diesel grew by 1.4 per cent, petrol sales saw a slight decline of -0.2 per cent.
Commenting on the latest figures 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: “Motorcycle registrations remained stable with just a small -1.8 per cent sales decrease in October, as both economic and political uncertainty continued to affect demand for bikes.”
Van market falls in October but new models help offset market weakness
UK new light commercial vehicle (LCV) registrations fell -11.0 per cent in October, the second consecutive monthly decline, according to the latest SMMT figures. Some 3,121 fewer models were registered in the month, as uncertainty and regulatory changes continued to affect the market.
UK new car registrations declined -6.7 per cent last month, according to figures from the Society of Motor Manufacturers and Traders (SMMT). 10,348 fewer cars were registered than in October last year, reflecting a tough environment for businesses and consumers as economic and political uncertainty continued to impact confidence.
Shipping plays a vital part in the world of tyre wholesaling. Managing the volatility of freight rates with efficient and transparent service is paramount in maintaining the competitiveness of distribution operations. Maritime Cargo Services, a freight forwarder with significant ties to the UK tyre industry, tells Tyres & Accessoires about the factors affecting the global shipping industry, and how its fluctuations, illustrated by this chart, which shows at a glance the trends of the last 12 months, must be managed effectively to allow tyre wholesalers to operate efficiently.
Third of UK adults say we will never switch to driverless cars – IMechE survey
Nearly a third of UK adults think we will never switch to having only driverless cars on the roads while 60 per cent of people say they would always prefer to drive themselves rather than use a self-driving vehicle, according to a new opinion poll from the Institution of Mechanical Engineers.
UK light commercial vehicle market soars, up by 41.0 per cent in August
The UK new light commercial vehicle (LCV) market rose in August, up 41.0 per cent, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The market has grown in every month of 2019, with 23,120 new vehicles registered in August for use on UK roads, as operators respond to regulatory changes and take advantage of some compelling deals on the latest models available in what is usually one of the year’s smallest months.
Slight fall in August new car sales, but strong showing for electric cars
SMMT figures show that the UK new car market remained steady in August, with just 1,521 fewer cars registered than in the same month last year. Registrations fell by -1.6 per cent in what is typically one of the smallest months of the year, as falling demand for diesel and plug-in hybrid vehicles continued to impact the overall market.