Author: SMMT_UK_Manufacturers Official News

New car registrations up 11.3% as pent-up demand helps lift market

Pent-up demand sees UK new car registrations rally in July with 11.3% increase to 174,887 vehicles, as dealerships across the nation fully re-open. Overall registrations currently down -41.9% YTD and expected to be -30.0% down by end of 2020, totalling £20bn in lost sales.1 Manufacturer offers help encourage demand but economic uncertainty could put the… Continue reading New car registrations up 11.3% as pent-up demand helps lift market

British engine manufacturing down -38.8% in first half of 2020

30 July 2020 #SMMT News #UK Manufacturing UK engine production falls -38.8% in first half to 814,957 units. Demand from home and international markets down -32.4% and -42.3% respectively. Decline mirrors drop in output at vehicle plants primarily a result of global coronavirus lockdowns. Mike Hawes, SMMT Chief Executive, said, With key global markets locked… Continue reading British engine manufacturing down -38.8% in first half of 2020

UK commercial vehicle production grows in June but fails to offset Covid impact as first half output falls -24.8%

30 July 2020 #SMMT News #UK Manufacturing British CV manufacturing grows 23.9% in June, as new model uplift reverses heavy losses in 2019. Production for home market rises 25.0%, with exports also up, by 22.7%. Positive month fails to offset Covid-19 impact, as overall half-year manufacturing falls -24.8%, with 26,421 units produced. UK commercial vehicle… Continue reading UK commercial vehicle production grows in June but fails to offset Covid impact as first half output falls -24.8%

UK car production down -42.8% in first half as sector sheds more than 11,000 jobs amid coronavirus crisis

UK car manufacturing output declines -48.2% in June with 56,594 units produced, rounding off weakest six months since 1954. Factories turn out just 381,357 cars in the year-to-date, down -42.8% on 2019 – a decline of more than 285,000 units. 11,349 jobs already cut across manufacturing and retail during the pandemic, with more at stake… Continue reading UK car production down -42.8% in first half as sector sheds more than 11,000 jobs amid coronavirus crisis

New members – July 2020

27 July 2020 #SMMT News Find out below who has joined the premier automotive trade association and what they get from membership: SMMT data services Extensive market data providing key information to assist marketing and promotional activity, and future business opportunities. Legal helpline SMMT advisors provide assistance with disputes, contracts, employment issues, health and safety… Continue reading New members – July 2020

SMMT AND JAMA publish joint position paper on UK/Japan trade negotiations

10 July 2020 #SMMT News Following the SMMT-JAMA joint statement on the UK and Japanese governments starting to negotiate a UK-Japan Free Trade Agreement, both organisations have today published a joint position paper on the UK and Japan trade talks currently underway.  SMMT and JAMA are in agreement that the conclusion of a new Japan-UK… Continue reading SMMT AND JAMA publish joint position paper on UK/Japan trade negotiations

Van market shrinks -24.8% in June, as businesses slowly emerge from lockdown

UK light commercial vehicle (LCV) registrations decline -24.8% in June. More than 30,000 vehicles registered as lockdown measures begin to ease. 108,876 new vans join UK roads in first six months, down -44.6% on same period last year. SEE LCV REGISTRATIONS BY BRAND DOWNLOAD PRESS RELEASE AND DATA TABLE The UK new light commercial vehicle… Continue reading Van market shrinks -24.8% in June, as businesses slowly emerge from lockdown

UK new car market down a third as tentative restart reveals subdued demand

Tentative restart for UK’s new car market in June yields 145,377 registrations, a -34.9% decline reflecting uncertain economic confidence and delayed re-opening of Welsh and Scottish showrooms. Almost quarter of a million sales to private buyers now lost since lockdown, at a cost of £1.1bn to the Treasury in VAT receipts. Year to date registrations… Continue reading UK new car market down a third as tentative restart reveals subdued demand

UK engine production down by -75% in May as manufacturing emerges from lockdown

26 June 2020 #SMMT News #UK Manufacturing UK Auto builds 55,836 engines in May – skyrocketing from just 830 in April, but still down -75.0% on last year. Dedicated support needed to accelerate production restart against a backdrop of subdued demand. Year-to-date production down by almost half a million units compared with 2019 – a… Continue reading UK engine production down by -75% in May as manufacturing emerges from lockdown