Mitchell Group has reported an 8.6% rise in turnover and 13.6% rise in profit before tax to defy a challenging car retail market at its Cheshire Oaks multi-brand dealership site in 2019.
Nissan is said to have drawn up a Brexit contingency plan which would see it close European manufacturing plants but drive UK market share to 20% with Sunderland-built products.
The Society of Motor Manufacturers and Traders (SMMT) has once again renewed its call for a UK-EU free trade deal after its 2019 car manufacturing data revealed a 14.2% decline in production.
More people are expected to buy a new car this year as consumer confidence returns in light of the December election result and some certainty around Brexit.
The cost of owning and running a car has soared since the Brexit referendum in June 2016, according to new research by Vantage Leasing.
The Conservative Party’s overwhelming General Election win means that the UK will leave the EU on January 31, 2020, and enter into a transition phase. That much we know.
The National Franchised Dealers Association (NFDA) has said that it hopes the Conservative Party’s general election victory “will stimulate the motor retail industry”.
The Society of Motor Manufacturers and Traders (SMMT) has reported that UK car production declined by 4% during October after issuing a stark ‘no deal’ Brexit warning earlier this week.
The British automotive industry has again offered up a stark warning on the impact of a No Deal Brexit.
UK vehicle manufacturers face a likely £3.2 billion annual increase in costs from WTO tariffs on imported parts and exported vehicles if the UK leaves the European Union without a “world-beating” trade deal, says the SMMT.
The impact of Brexit will relegate Britain to second place in the Lamborghini’s ranking of its top performing supercar sales markets, according to EMEA region chief executive Andrea Baldi.
New car sales declined by 6.7% during October as consumer confidence dipped to its lowest level for six years as talk of a December General Election grew in volume as another Brexit deadline loomed.
UK car and van production declined in September as manufacturers battled with no-deal Brexit uncertainty.
A third of UK automotive business are already cutting jobs ahead of Brexit and 79.6% have expressed concerns about the split’s effect on their future profitability, according to the findings of an SMMT survey.
Continued uncertainty over Brexit is holding back the UK’s motor industry from confidently investing in the technologies, business models and expertise it will need tomorrow.
Vertu Motors chief executive Robert Forrester has said that he wishes he could “ban the BBC” among the group’s employees as he bids to block out Brexit negativity to focus on sales process.
The UK’s new vehicle markets might drop by up to 600,000 sales if the country suffers an economic recession and a hard Brexit, according to Citroen’s boss Karl Howkins
Peoples Ford chairman Brian Gilda has repeated his warning that a no deal Brexit will trigger “Armageddon” for UK industry as the group announced its latest set of annual financial results.
New car registrations rose just 1.3% as the key numplerplate change month of September saw the sales appeal of the new 69-plate struggle to overcome consumers' "Brexit anxiety".
DHL Supply Chain has renewed its Jaguar Land Rover (JLR) contract, extending its ten-year partnership with the UK-based premium car manufacturer.
