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
Tag: Brexit
The impact on dealers of the UK’s exit from the EU
As Brexit talk deadlines extend, the position of the UK Motor sector remains a cause for concern. At OEM level the prospect of a 10% tariff on cars moving in and out of the UK from the EU now seems increasingly inevitable. We know that manufacturers have differing approaches to the issue with Ford having… Continue reading The impact on dealers of the UK’s exit from the EU
BMW says Brexit could cost auto industry 10-11 billion euros
By Reuters Staff 2 Min Read FILE PHOTO: The BMW logo is seen on a steering wheel during the media day of the 41st Bangkok International Motor Show after the Thai government eased measures to prevent the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand July 14, 2020. REUTERS/Jorge Silva FRANKFURT (Reuters) – BMW… Continue reading BMW says Brexit could cost auto industry 10-11 billion euros
UK’s Frost: Deal or no deal, we need practical agreements with the EU
By Reuters Staff 1 Min Read FILE PHOTO: Britain’s chief negotiator David Frost arrives to attend Brexit talks with EU’s chief negotiator Michel Barnier at the EU Commission in Brussels, Belgium July 15, 2020. REUTERS/Francois Lenoir LONDON (Reuters) – Britain will need to keep negotiating with the European Union even if a full free-trade agreement… Continue reading UK’s Frost: Deal or no deal, we need practical agreements with the EU
UK’s Frost says working very hard to get EU deal, Oct. 15 is deadline
By Reuters Staff 1 Min Read FILE PHOTO: Britain’s chief negotiator David Frost is seen before a Cabinet meeting at Downing Street in London, Britain, September 8, 2020. REUTERS/Simon Dawson LONDON (Reuters) – Britain’s chief Brexit negotiator David Frost said that his team is working very hard to get a trade deal with the European… Continue reading UK’s Frost says working very hard to get EU deal, Oct. 15 is deadline
Nissan and Toyota to seek compensation from UK in no-deal Brexit
Japanese manufacturers Nissan and Toyota have demanded that the UK government reimburses them for tariff costs if the UK can’t agree on a Brexit deal with the European Union (EU). As first reported by business publication Nikkei Asia, the companies are preparing themselves for a 10% tariff on cars exported from the UK to the EU that could come into place… Continue reading Nissan and Toyota to seek compensation from UK in no-deal Brexit
Dealers hit by lack of availability of new and used cars
Dealer shave been hit by a lack of availability in both the new and used car markets. According to Philip Nothard, customer insight & strategy director for Cox Automotive UK, many dealers reporting strong demand ran out of cars. “Demand for new cars in September started strong but ended-up behind last year’s performance in the… Continue reading Dealers hit by lack of availability of new and used cars
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
Worst September for UK car sales this century
New UK car registrations fell 4.4% in September from a year earlier, according to the motor industry. That made it the worst September this century in what is normally the industry’s second most important month. There were just 328,041 new registrations in the month, said the Society of Motor Manufacturers and Traders (SMMT). The car… Continue reading Worst September for UK car sales this century