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Peak petrol – has UK hit auto landmark unnoticed?

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Volkswagen

Following the SMMT’s June round of car registrations figures, analyst Deloitte wonders if there is cause to think a UK automotive landmark has passed. While much of the focus has been on the historic depths the country’s car sales have hit, the proportional demand for hybrid and electric vehicles has continued to rise at pace. Michael Woodward, UK automotive lead, Deloitte, said: “The automotive industry is taking positive steps towards recovery from the impact of COVID-19. Socially-distanced showrooms have been reopened in England for a full month, and factory production is ramping up again, in some cases faster than expected.

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  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. Decline in car sales continues in October
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  4. Fall in new car market a ‘wake up call’ to policy makers
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Analysts comment on April car sales figures

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SMMT

Analysts have commented on the “unsurprising” news that UK new car sales have plummeted to depths not seen for 70 years in April. Automotive industry observers at Deloitte and KPMG looked to the future, suggesting cautiously that the reopening of showrooms could provide opportunities for consumers, while suggesting that sales digitisation could be important for dealers.

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  2. Fall in new car market a ‘wake up call’ to policy makers
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Commuters may help car market recovery

Stephen Goodchild

Although UK monthly new car registrations in April were lower than since the days of postwar petrol rationing, there is at least some optimism that the automotive industry will benefit from one aspect of the COVID-19 crisis. With social distancing and fear of contagion part of the ‘new normal’, mistrustful commuters may shun public transport in favour of private cars.

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Related posts:

  1. UK new car registrations hit record low in April
  2. Deloitte: Electric vehicles will be cheaper than petrol/diesel by 2021
  3. Decline in car sales continues in October
  4. SMMT March numbers do not reflect extent of lockdown damage – KPMG
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Decline in car sales continues in October

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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.

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  2. Steady growth in May car registrations
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Deloitte: Electric vehicles will be cheaper than petrol/diesel by 2021

Commenting on yesterday’s new car registration figures – which showed registrations of battery electric vehicles (BEVs) increasing 158 per cent year-on-year in July despite the wider downward trend – Deloitte opines that a ‘tipping point’ between combustion and electric vehicles will occur in the UK by 2021.

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Leaseplan: EV growth encouraging, but UK contribution small

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Commenting on Deloitte’s recent research suggesting strong growth in the electric vehicle market, Steve Jones, Strategy and Transformation Director at LeasePlan UK, said: “Although this new report is extremely promising, the UK’s contribution to this global number is likely to be minimal.

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21 million more electric vehicles expected worldwide by 2030

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Deloitte’s latest electric vehicle (EV) research shows the pace of global EV adoption, rising from two million units in 2018, to four million in 2020, 12 million in 2025, before rising to 21 million in 2030. By 2030, Battery Electric Vehicles (BEVs) will significantly outperform the rest of the EV market, accounting for 70 per cent of total EV sales.

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Blackcircles on expansion, investment and going international

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© Jane Barlow 2014 janebarlowphotography

When Blackcircles.com appointed two new directors in early November, it was about more than simply expanding the range of experience available to the firm. It was also about driving the company’s international expansion plans forward. Tyres & Accessories recently caught up with founder and managing director Mike Welch in Edinburgh and found out more about […]

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Blackcircles considers investment options

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Sir Terry Leahy and Mike Welch

Following the news that Blackcircles.com opened its fourth PitStop Click&Fit tyre bay in Glasgow at the end of June, Tyres & Accessories spoke with the company’s founder and managing director Mike Welch in order to find out more about the company’s plans and hints that it is courting investment this year.

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