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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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Brexit planning nearly halves UK car production

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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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British car manufacturing falls -14.4% in March as industry warns no-deal Brexit could send output back to 1980s levels

British car production declined -14.4 per cent in March, falling for the 10th month in a row with 126,195 units rolling off factory lines, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Production for both home and overseas markets declined in double digits, down -18.1 per cent and -13.4 per cent respectively.

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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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SMMT figures ‘extremely worrying’ says KPMG

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

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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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September car registrations down 20.5 per cent

The UK new car market fell by -20.5 per cent in September, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). 338,834 vehicles were registered in the month, down around 87,000 on the previous year as new testing requirements continue to affect supply and distort the market.

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British car manufacturing in decline, based on sustained domestic demand fall

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The Society of Motor Manufacturers and Traders has announced a -4.4 per cent decline in British car manufacturing, as production for the home market fell by double figures. Exports declined in the month too, but only by -0.8 per cent, with 117,139 vehicles shipped overseas, accounting for more than 80 per cent of output.

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Chancellor’s tax relief for cleanest vans requires further detail – KPMG

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The chancellor of the exchequer, Phillip Hammond, has announced a reduction in tax for the cleanest vans in his Spring Statement. Introducing the measure, he said the government wanted to “help the great British white van driver go green.” Analyst KPMG responded that more detail is needed to allow vehicle manufacturers to develop products to take advantage of the tax reduction.

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KPMG appoints new UK head of automotive

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KPMG has appointed Justin Benson as its UK head of automotive. Benson joined the firm in 2000 and has risen to the level of director. KPMG states that has worked in the automotive sector for over a decade and is well known within the industry.

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