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UK new car market falls again in May

6th June 2019 | 0 Comments

The UK new car market declined by -4.6 per cent in May with 183,724 units registered, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). The fall reflects continued uncertainty over diesel and clean air zones as well as the removal of incentives for plug-in hybrid vehicles. Meanwhile, the underlying economic and political instability continues to affect consumer and business confidence.

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Brexit planning nearly halves UK car production

Brexit planning nearly halves UK car production

30th May 2019 | 0 Comments

UK car manufacturing output plummeted in April, with figures published by the Society of Motor Manufacturers and Traders (SMMT) showing it was down -44.5 per cent year-on-year. 70,971 cars rolled off production lines in the month, as factory shutdowns, rescheduled to mitigate against the expected uncertainty of a 29 March Brexit, took effect in many plants across the UK.

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April motorcycle sales up 7.3%

23rd May 2019 | 0 Comments

Sales of motorcycles continued to rise in April, according to figures released by the Motor Cycle Industry Association. April sales were up 7.3 per cent against April 2018, and 9.4 per cent up in the year-to-date. In total, 36,951 bikes have been put on UK roads so far 2019, up by 3,188 registrations compared to 2018.

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Growth and stability amongst leading UK tyre retailers

Growth and stability amongst leading UK tyre retailers

2nd May 2019 | 0 Comments

6 - 10 stability, but battle for ninth position Outside of the top five, there is a certain degree of stability amongst the remaining five companies. Those in sixth, seventh and eighth position (McConechy’s, The Tyre Group and Lodge) appear to have remained stable in terms of branch count, with 61, 58 and 40 branches respectively. However, it is worth considering all this in the context of ULM Services Ltd the fleet-orientated cooperation Universal, Lodge and McConechy’s set up during 2017. Put those three partners together and we have 119 branches and another strong contender for fifth position on the table.

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ETEL continues to lead top 20 UK tyre retailers 2019

ETEL continues to lead top 20 UK tyre retailers 2019

1st May 2019 | 0 Comments

After years of expansion amongst the top 20 UK tyre retailers, the latest data shows that this trend peaked in 2017/2018 when the top 20 accounted for 2014 branches. The same 20 tyre retailers had 1980 branches between them in 2018/2019. And what’s more, the reorganisation of one retailer alone accounted for a 40-centre decline in branch count, with the overall figure remaining positive due to growth at other chains. Here Tyres & Accessories analyses the branch count data in the context of 10 years of comparable research.

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February LCV sales rise 1.8 per cent

6th March 2019 | 0 Comments

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.

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SMMT figures ‘extremely worrying’ says KPMG

31st January 2019 | 0 Comments

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.

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UK CV manufacturing 8.5% up in 2018

UK CV manufacturing 8.5% up in 2018

31st January 2019 | 0 Comments

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.

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Demand for tyre silencing technology doubles in one year – Pirelli

Demand for tyre silencing technology doubles in one year – Pirelli

22nd January 2019 | 0 Comments

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.

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Mycarcheck.com January 2019 market guide tackles Brexit ‘uncertainty’

Mycarcheck.com January 2019 market guide tackles Brexit ‘uncertainty’

22nd January 2019 | 0 Comments

Mycarcheck.com’s valuation experts have revealed significant trends in the UK used vehicle market, choosing a car and bike of the month.

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UK new van market holds steady after mixed 2018

UK new van market holds steady after mixed 2018

7th January 2019 | 0 Comments

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.

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Fall in new car market a ‘wake up call’ to policy makers

7th January 2019 | 0 Comments

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.

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Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report

Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report

6th November 2018 | 0 Comments

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.

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Van market up five per cent in August

Van market up five per cent in August

6th September 2018 | 0 Comments

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.

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August car sales up 23 per cent – electric cars account for one in twelve sales

August car sales up 23 per cent – electric cars account for one in twelve sales

6th September 2018 | 0 Comments

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.

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