Category: Trade Body Site

UK CV manufacturing stable in September but Covid-hit bus sector in critical condition as challenging fourth quarter looms

UK’s overall CV output grows by 3.3% in September, as van production gets fleet order boost. Bus and coach manufacturing remains in critical condition, with output plunging -43.2%, to just 63 units. Year-to-date CV output down -16.8% after months of restricted production and falling business confidence. Industry calls for tariff-free deal with key trading partner… Continue reading UK CV manufacturing stable in September but Covid-hit bus sector in critical condition as challenging fourth quarter looms

UK car production falls -5.0% in worst September since 1995 as industry issues plea for vital Brexit deal

UK car manufacturing output falls -5.0% in September to 114,732 units – the lowest level for 25 years. Exports decline -9.7% to 87,533 units but account for more than three quarters of production. Output for domestic market rises 14.5%, but equivalent to just 3,440 vehicles. SMMT welcomes return to negotiations but calls for both sides… Continue reading UK car production falls -5.0% in worst September since 1995 as industry issues plea for vital Brexit deal

‘No deal’ tariffs would undermine Britain’s green recovery with £2,800 drain on electric car affordability, warns SMMT

New calculations reveal ‘no deal’ tariff threat to Britain’s green recovery, with £2,800 average price uplift on EU-built EV effectively cancelling out UK’s plug-in car grant. Shock of higher cost risks reducing increased BEV demand next year by at least 20%, hampering UK’s efforts to reach ambitious emissions reduction targets. Tariffs would also add £2,000… Continue reading ‘No deal’ tariffs would undermine Britain’s green recovery with £2,800 drain on electric car affordability, warns SMMT

SMMT reaction to PM statement on Brexit negotiations

16 October 2020 #Europe #SMMT News Mike Hawes, SMMT Chief Executive, said, Make no mistake, the automotive industry will not prosper from ‘no deal’. It would have a devastating impact on the sector, on the economy and on jobs in every region of Britain. Businesses have been battling coronavirus at the same time as investing… Continue reading SMMT reaction to PM statement on Brexit negotiations

UK new van market accelerates 26.4% in September, but uncertainty ahead

UK new van market grows by 26.4%, following a weaker than usual month last year due to emissions regulation changes. Registrations of most segments show double-digit growth against last year’s low volumes. Market still below ‘normal’ levels, down -6.6% on previous five-year September average. Performance year-to-date remains down -27.4%, a shortfall of almost 80,000 units.… Continue reading UK new van market accelerates 26.4% in September, but uncertainty ahead

New car registrations drop -4.4% in weakest ever ‘new plate’ September

Just 328,041 cars registered – the lowest September volume recorded since 1999. Decline represents -15.8% drop on 10-year September average.1 New 70-plate, model upgrades and attractive offers help but industry still counting cost of lockdown with more than 615,000-unit year to date shortfall. SEE CAR REGISTRATIONS BY BRAND DOWNLOAD THE PRESS RELEASE AND DATA The… Continue reading New car registrations drop -4.4% in weakest ever ‘new plate’ September

SMMT statement on Brexit negotiations

SMMT statement: The UK government has repeatedly expressed support for our automotive industry as the nation’s biggest exporter of goods. Given its importance to the economy and livelihoods and the damaging consequences of tariffs, we need the sector prioritised in negotiations, not traded off against other industries. Any agreement must work for automotive so we… Continue reading SMMT statement on Brexit negotiations

UK Automotive launches Safe Harbour scheme to secure supply chain and save jobs

SMMT launches Safe Harbour Scheme to prevent insolvencies and save jobs across auto sector as it grapples with devastating effects of the coronavirus crisis. Industry initiative allows multiple companies to come together to support critical suppliers without falling foul of anti-competition rules. Scheme to help preserve UK’s automotive manufacturing capability and capacity and prevent further… Continue reading UK Automotive launches Safe Harbour scheme to secure supply chain and save jobs

UK engine production down -35.1% in August as sector braces for coronavirus second wave

25 September 2020 #SMMT News #UK Manufacturing 106,398 UK engines produced in August as output falls -35.1%. Production for domestic and overseas markets declines -36.9% and -34.1% respectively. Year-to-date engine production now down -35.2% as coronavirus second wave looms. Mike Hawes, SMMT Chief Executive, said, These figures come at an extremely worrying time for the… Continue reading UK engine production down -35.1% in August as sector braces for coronavirus second wave