Category: Trade Body Site

News – Brexit countdown: the clock is ticking, but it is not yet too late to avoid the worst-case scenario!

As everyone is all too aware, the date for Brexit is just around the corner and a withdrawal agreement is yet to be concluded. Without an agreement on the withdrawal of the United Kingdom from the European Union, there simply can be no negotiations on the nature of the future trading relationship. Nor will there… Continue reading News – Brexit countdown: the clock is ticking, but it is not yet too late to avoid the worst-case scenario!

Collective agreement textile services

19.10.2018 Ι Starting in February, collective wages and salaries in Textile Services will increase by 3 percent. In addition, partial retirement is extended and improved. Employees in the East and apprentices benefit particularly. IG Metall and employers have agreed on that. The roughly 14,000 employees in the textile-related companies involved in textiles services, such as… Continue reading Collective agreement textile services

Press Releases – Truck CO2 standards: European Parliament vote highly alarming, says industry

Brussels, 18 October 2018 – The European Automobile Manufacturers’ Association (ACEA) has expressed its serious concerns on today’s European Parliament vote on the EU’s first-ever CO2 standards for trucks. The vote by the Parliament’s Environment Committee (ENVI) was in reaction to the European Commission’s proposal for CO2 standards for new heavy-duty vehicles, published last May.… Continue reading Press Releases – Truck CO2 standards: European Parliament vote highly alarming, says industry

Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario

Brussels, 17 October 2018 – Ahead of this evening’s Brexit summit, Europe’s auto manufacturers and suppliers have come together to issue a stark warning on the potentially far-reaching impacts of a no-deal scenario on their sector, which would threaten their very business model. Automobile production plants – be they in the EU27 or the UK… Continue reading Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario

Press Releases – Passenger car registrations: +2.5% nine months into 2018; -23.5% in September

Brussels, 17 October 2018 – In September 2018, registrations of new passenger cars in the European Union fell by 23.5%. In September 2018, registrations of new passenger cars in the European Union fell by 23.5%. However, this should not come as a surprise, as the introduction of the new WLTP test at the beginning of… Continue reading Press Releases – Passenger car registrations: +2.5% nine months into 2018; -23.5% in September

Consumer car finance market up by 9% in August

5 October 2018
New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the point of sale (POS) consumer new car finance market grew by 9% in August, compared with the same month in 2017, while the value of new business was up by 14% over the same period.
The percentage of private new car sales financed by FLA members through the POS fell slightly to 89.6% in the twelve months to August.
The POS consumer used car finance market reported new business in August up 9% by volume and 15% by value, compared with the same month last year.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“A boost to private new car sales in August ahead of changes to emission standards in September contributed to the increase in new business volumes reported by the POS consumer new car finance market. In the first eight months of 2018, new business volumes in this market were at a similar level to the same period in 2017.
“The average advance reported by the POS consumer car finance market in August was 5% higher than in the same month in 2017, in line with growth in new and used car prices over the same period.”
Table 1: Cars bought on finance by consumers through dealerships
New business
Aug 2018
% change on prev. year
3 months to Aug 2018
% change on prev. year
12 months to Aug 2018
% change on prev. year
New cars
Value of advances (£m)
974
+14
4,069
+10
19,729
+4
Number of cars
50,936
+9
203,256
+4
986,703
-4
Used cars
Value of advances (£m)
1,542
+15
4,538
+13
17,043
+14
Number of cars
127,287
+9
374,261
+7
1,440,465
+8
Total cars
Value of advances (£m)
2,517
+14
8,607
+12
36,772
+8
Number of cars
178,223
+9
577,517
+6
2,427,168
+3
Table 2: Cars bought on finance by businesses
New business
Aug 2018
% change on prev. year
3 months to Aug 2018
% change on prev. year
12 months to Aug 2018
% change on prev. year
New cars
Number of cars
27,108
-6
107,798
-15
440,953
-9
Used cars
Number of cars
4,100
-16
13,578
-18
54,479
-8
Note to editors:
In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £96 billion of this was in the form of consumer credit, over a third of total new consumer credit written in the UK in 2017. £44 billion of it supported the purchase of new and used cars, including over 88% of private new car registrations.For media enquiries, please contact the FLA press office on 020 7420 9656.

Press Releases – Car and van CO2 targets: environment ministers adopt common position, auto industry reacts

Brussels, 10 October 2018 – Auto makers take note of the common position on future CO2 targets for cars and vans adopted by the 28 EU member states during a meeting of environment ministers in Luxembourg last night. “Further reducing CO2 emissions remains a top priority of the EU auto industry. All manufacturers are actively… Continue reading Press Releases – Car and van CO2 targets: environment ministers adopt common position, auto industry reacts

News – Fact sheet: future CO2 standards for heavy-duty vehicles

Europe’s truck manufacturers are willing to commit to ambitious CO2 standards, provided that these are realistic and in line with what is technologically possible and economically viable. Indeed, as this fact sheet shows, we need to ensure that the CO2 targets under discussion are also deliverable in practice. ACEA believes that the new regulatory framework… Continue reading News – Fact sheet: future CO2 standards for heavy-duty vehicles