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Changing European vehicle mix ‘vital to meet 2020-21 EU emissions goals’ – Scope

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Europe’s car makers are mostly on track to meet more stringent 2020-21 EU carbon emission targets, helped by a subsidy-fuelled boom in electric vehicle sales, pooled carbon-dioxide emissions credits and incremental gains in conventional engine technology. European credit ratings agency Scope Ratings says that the chances of any of original equipment manufacturers incurring heavy fines for missing the EU’s carbon-dioxide target of 95g/km for 2020-21 are low, even though not all OEMs will meet the regulatory threshold for average fleet emissions.

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Related news:

  1. Global auto demand to shrink by up to 20% says analyst
  2. MEPs car emissions enquiry moves into second half
  3. The clock is ticking for combustion engines and conventional tyres
  4. Ford, Volkswagen Alliance targets win-win in vans, medium pickup trucks – Frost & Sullivan
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As Brexit talks resume, time is running out for UK auto industry – GlobalData

UK-EU negotiations for a post-Brexit trade deal resume for their seventh round in Brussels today (18 August). David Leggett, automotive analyst at data and analytics company GlobalData, stresses the importance of a trade deal to the UK’s automotive industry.

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Related news:

  1. UK car production falls 14.2 per cent in 2019
  2. SMMT March numbers do not reflect extent of lockdown damage – KPMG
  3. Brexit and COVID-19 leading UK businesses to turn to international markets
  4. UK car production down -42.8%, 11,000 jobs lost in coronavirus crisis
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Global auto demand to shrink by up to 20% says analyst

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Scope Ratings GmbH is predicting a slump in the order of 15-20 per cent in the European automotive market this year. Sales in Western Europe are among the worst hit, with a predicted 21 per cent fall in light vehicle demand. Having said that, the European credit rating agency says that the region’s car manufacturers have proved surprisingly resilient.

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Related news:

  1. Goodyear’s sentiments slide in Q4 2019 due to challenging environment – GlobalData
  2. Automotive forecasts revised down as crisis deepens – GlobalData
  3. SMMT March numbers do not reflect extent of lockdown damage – KPMG
  4. As Brexit talks resume, time is running out for UK auto industry – GlobalData
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Auto industry ‘far from out the woods’ despite car sales growth – KPMG

SMMT

Commenting on SMMT’s new car registration figures for the month of July, Andrew Burn, UK head of automotive at KPMG, said: “With social distancing measures easing and dealerships finally in a position to reopen, it’s great to see pent-up demand released and car registrations picking-up again. However, as the year-to-date figures make painfully clear, total lost sales in 2020 are expected to be £20bn, so in many ways it’s a case of damage limitation. We’re still a long way off pre-Covid-19 levels of sales.

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Related news:

  1. UK car manufacturing faces long wait to return to normal levels – KPMG
  2. Fleet registrations propping up small growth in UK new car market
  3. Fall in new car market a ‘wake up call’ to policy makers
  4. UK car production falls 14.2 per cent in 2019
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UHP tyres one-third of European replacement market by 2024: Astutus

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Hankook

Leading tyre market data analyst Astutus Research has predicted that the European trend for higher performance tyres looks set to continue. The analyst’s report, ‘Future Dynamics of the European PCLT Tire Industry’, published in association with Tyrepress, has been updated for 2019 with an eye to the trends of the next five years. The analyst states: “The movement towards tyres with a higher rim diameter is clear within the European PCLT tyre replacement market. This reflects the trend towards larger tyres on new car models and changes in the composition of the car parc, with a greater share of SUVs. The replacement market reflects the changes in the original equipment segment, albeit with a lag.

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  1. Growth in every size segment from 17” up, but rapidly slowing
  2. Cooper adds new sizes to A-rated Zeon CS Sport UHP tyre range
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  4. Sailun launches new Atrezzo PCR tyres
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European auto markets ‘exceed expectations’ in May – GlobalData

For the three national markets of France, Italy and Spain, combined new light vehicle sales fell by 55 per cent on last year to 268,000 in May, which compares with a 75 per cent drop in March and a 93 per cent decline in April. This represents a slightly better scenario than had been anticipated, as Calum MacRae, automotive analyst at GlobalData, explains: “After the seized up and locked down markets of March and April, this is a welcome sign of life in markets that were the first in Europe to be engulfed by the COVID-19 outbreak.

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Related news:

  1. Michelin temporarily closes some European factories, car tyre demand down 9%
  2. Bridgestone European manufacturing network restarts production
  3. 13.5 per cent decrease in September EU van sales
  4. Bridgestone temporarily closes, slows tyre production at European factories
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Vans are a bright spot in Europe’s automotive downturn: GlobalData

Mercedes-Benz

Light commercial vehicles (LCVs) including vans are an often overlooked, but important, component of the European light vehicle market, particularly in the current coronavirus crisis, says GlobalData. Calum MacRae, automotive analyst at the company, says: “As online delivery becomes more important to our everyday lives and as we shelter indoors from the coronavirus, the importance of the LCV typified by light vans such as the Ford Transit is self-evident.”

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Related news:

  1. Ford, Volkswagen Alliance targets win-win in vans, medium pickup trucks – Frost & Sullivan
  2. Shutdowns to cost European auto industry £29bn – GlobalData
  3. Goodyear’s sentiments slide in Q4 2019 due to challenging environment – GlobalData
  4. European light vehicle market forecast to see 80 per cent fall in April – GlobalData
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UK car manufacturing faces long wait to return to normal levels – KPMG

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SMMT

While UK car manufacturing is beginning to reopen production lines after producing just 197 units in April, Andrew Burn, partner and head of Automotive at KPMG, said the road ahead is far from clear, despite the UK’s car dealerships being given the green light to open. Export markets, uncertainty about demand, and the challenge of cross-border supply chains all provide significant headwinds for the country’s car makers.

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Related news:

  1. SMMT figures ‘extremely worrying’ says KPMG
  2. UK car production falls 14.2 per cent in 2019
  3. Auto industry ‘far from out the woods’ despite car sales growth – KPMG
  4. British car manufacturing in decline, based on sustained domestic demand fall
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GlobalData forecasts 30% drop in UK new car market 2020

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SMMT

Following the news that car dealerships in England can re-open from 1 June, David Leggett, automotive analyst at GlobalData urged caution that car demand will continue to be “well below normal.” The analyst currently forecasts that the UK new car market will be 30 per cent down, year on year.

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Related news:

  1. European auto markets ‘exceed expectations’ in May – GlobalData
  2. Europe’s auto industry faces a tough 2020, says GlobalData
  3. UK car production falls 14.2 per cent in 2019
  4. Automotive forecasts revised down as crisis deepens – GlobalData
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KPMG appoints Andrew Burn to lead Automotive practice

Professional services firm, KPMG, has appointed Andrew Burn as UK head of Automotive with immediate effect. Burn is a partner within the firm’s restructuring practice and has over 25 years of experience in guiding clients through challenging situations. He has provided company side restructuring advice across the public and private sectors, as well as to privately owned and private equity-backed companies and PLCs. Over the last ten years, he has worked extensively with clients in the automotive sector across the UK and Europe, advising on various areas including supply chain risk management. He succeeds Justin Benson who has left the firm to pursue a new opportunity.

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Related news:

  1. UK car manufacturing faces long wait to return to normal levels – KPMG
  2. Auto industry ‘far from out the woods’ despite car sales growth – KPMG
  3. KPMG strengthens UK Mobility 2030 team with senior appointment
  4. KPMG appoints Ed Thomas UK head of transport
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SMMT March numbers do not reflect extent of lockdown damage – KPMG

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SMMT

Analysts have warned that the dire effects of the COVID-19 pandemic on car production are not fully reflected in the March figures, released today by the Society of Motor Manufacturers and Traders. Andrew Burn, partner and head of automotive at KPMG UK said that while the March data shows that conditions were difficult, April’s numbers will show the full extent of the effects of the UK lockdown on the sector.

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Related news:

  1. UK car production fell 37% in March 2020 – SMMT
  2. UK car production falls 14.2 per cent in 2019
  3. UK car manufacturing at 10-year high
  4. UK economy in reverse after drop in automotive manufacturing
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Automotive forecasts revised down as crisis deepens – GlobalData

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The shutdowns and deteriorating demand in the automotive sector have caused GlobalData to revise its North American and European light vehicle (LV) production forecasts for 2020 and beyond. This is a stark illustration of how serious the COVID-19 crisis, which has caused sales to whither and shuttered manufacturing plants, is becoming for the automotive industry, says data and analytics company, GlobalData.

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Related news:

  1. UK car production falls 14.2 per cent in 2019
  2. Shutdowns to cost European auto industry £29bn – GlobalData
  3. SMMT March numbers do not reflect extent of lockdown damage – KPMG
  4. Recovering demand ‘crucial to sustainability’ of VW restarted production
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Goodyear’s sentiments slide in Q4 2019 due to challenging environment – GlobalData

Goodyear Tire & Rubber Co.’s (Goodyear) sentiments declined in the fourth quarter (Q4) of 2019 (Quarter ending December 31, 2019) compared to Q3 2019, due to the automotive industry’s challenging environment and distributor concerns, says data and analytics company GlobalData.

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Related news:

  1. UK car production falls 14.2 per cent in 2019
  2. Automotive forecasts revised down as crisis deepens – GlobalData
  3. European auto markets ‘exceed expectations’ in May – GlobalData
  4. Goodyear reports Q2 net loss of US$696 million
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UK car production falls 14.2 per cent in 2019

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UK car production fell -14.2 per cent in 2019, to 1,303,135 units, according to figures released by the Society of Motor Manufacturers and Traders (SMMT), with a -6.4 per cent drop in December rounding off a third year of decline. Output was affected by multiple factors, including weakened consumer and business confidence at home, slower demand in key overseas markets, a number of significant model production changes and a shift from diesel across Europe. Factory shutdowns in the spring and autumn, timed to mitigate expected disruption arising from the anticipated departure of the UK from the EU on 29 March and 31 October, also had a marked effect.

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Related news:

  1. British car manufacturing in decline, based on sustained domestic demand fall
  2. Brexit planning nearly halves UK car production
  3. SMMT figures ‘extremely worrying’ says KPMG
  4. SMMT March numbers do not reflect extent of lockdown damage – KPMG
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Forget PCPs, you’ll soon pay for car travel like a Netflix subscription – KPMG study

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UK automotive executives believe that the owner/driver of a connected car in future won’t own the data their vehicle generates, according to KPMG’s Global Automotive Executive Survey 2019.

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Related news:

  1. SMMT figures ‘extremely worrying’ says KPMG
  2. Brexit planning nearly halves UK car production
  3. UK car production falls 14.2 per cent in 2019
  4. SMMT March numbers do not reflect extent of lockdown damage – KPMG
/by

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