Figures released by the Society of Motor Manufacturers and Traders (SMMT) reveal that UK new light commercial vehicle (LCV) registrations ended 2020 down -20.0 per cent, with the van market rounding off the year in decline following three months of growth. 292,657 vehicles were registered in 2020, as the impact of Covid and uncertainty over the future relationship with the EU brought down demand toward the end of the year, with registrations in the final month of the year dropping -1.0 per cent, albeit with volumes consistent with previous Decembers.
The UK new car market fell by 29.4 per cent in 2020, with annual registrations dropping to 1,631,064 units, according to figures published by the Society of Motor Manufacturers and Traders (SMMT) today 6 January 2021. A -10.9 per cent decline in December topped off a turbulent year, which saw demand fall by 680,076 units to a near 30-year low (specifically, the lowest level of registrations since 1992).
The reactions to November’s UK car registration figures, which fell by 27.4 per cent year-on-year according to the SMMT, varied in tone; some were optimistic, others were worried about whether or not the industry could cope with the brought-forward target of 2030 for phasing out of sales of new petrol and diesel cars. And of course there was the uncertainty of whether a Trade Deal could be negotiated with the EU and of the effects of Brexit on the automotive industry, not to mention the effect on the automotive business of the pandemic.
The light van market grew by 8.8 per cent in November, although year-to-date the market remains down -21.5 per cent from 2019’s levels. All van and light commercial segments showed improvement in November except pick-ups and 4x4s. These are primarily purchased by private individuals and self-employed as they are both work and lifestyle vehicles, hence often ordered in showrooms, which were closed throughout the month.
The UK new car market demand fell 27.4 per cent year-on-year, or 42,840 units, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). With sales hit by the UK’s second lockdown, the industry recorded 113,781 new registrations, taking trade back to levels last seen during the 2008 recession.
According to figures released by the Society of Motor Manufacturers and Traders (SMMT), UK car manufacturing output fell 18.2 per cent in October. 110,179 units left UK factories during the month, 24,490 fewer cars than were made in October 2019, with the impact of coronavirus and fresh lockdowns at home and overseas subduing demand in many key markets.
Chancellor Rishi Sunak’s announcement of a five-month extension to the furlough scheme is good news for the Society of Motor Manufacturers and Traders (SMMT). SMMT chief executive Mike Hawes described the decision to prolong the Coronavirus Job Retention Scheme (CJRS), which pays employees 80 per cent of their current salary for hours not worked, up to a maximum of £2,500, a “welcome lifeline” in a challenging environment of car showroom closures and lockdown. But he stresses that government support won’t suffice to keep the country’s vehicle manufacturers afloat.
UK car production fell in September, with output down -5.0 per cent, to register the worst performance for the month in 25 years, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Factories turned out 114,732 cars, a decline of some 6,000 units on the same month in 2019, as companies continued to wrestle with the uncertain economic and political environment and Covid-related challenging global market conditions.
The Society of Motor Manufacturers and Traders (SMMT) has again urged both sides to re-engage the Brexit negotiation process with vigour in order to achieve a satisfactory deal. Bringing its latest calculations to the table, the industry association stresses that ‘no deal’ is a high stake gamble not only for the automotive sector but also for hopes of a green recovery from the coronavirus crisis.
The UK new car market declined -4.4 per cent in September, according to figures from the Society of Motor Manufacturers and Traders (SMMT). The sector recorded 328,041 new registrations in the month – the weakest September since the introduction of the dual number plate system in 1999 and some -15.8 per cent lower than the 10-year average of around 390,000 units for the month.
The UK new light commercial vehicle (LCV) market grew by more than a quarter (+26.4 per cent) in September, according to the latest SMMT figures. In total, 52,096 vans, pickups and 4x4s were registered in the month, up some 10,880 units on a weak September 2019, when regulatory changes distorted the market.
Andrew Rowson, co-founder and Head of Services at ecommotors is joining the panel at the next the Automotive Aftermarket Webinar Series, ‘Digitalisation; Accelerating the recovery of the aftermarket,’ which will take place on 29 September.
We are continually being told that electric vehicles are the future – indeed, petrol and diesel-engined vehicles are scheduled to be phased out in the UK market; the original deadline was 2040, but this was brought forward to 2035, and there is talk of possibly introducing the ban in 2030. This last date is regarded by many as unachievable – when the deadline was brought forward to 2035, Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, described the situation as “extremely concerning” and accused the Government of “moving the goalposts.”
According to figures released today by the Society of Motor Manufacturers and Traders (SMMT), UK car manufacturing output fell 20.8 per cent in July, with just 85,696 units rolling off production lines during the month. Despite the continued ramp-up of production and reopening of almost all factories following the easing of lockdown measures, social distancing measures and ongoing economic uncertainty still stifled output. Today’s figures follow news that BMW intends to lay off 400 of the 950 agency personnel working at its Mini factory in Oxford.