Representative from the industry bodies behind Europe’s automotive manufacturing sector have united in their efforts to deter the UK and EU from allowing a ‘no deal’ Brexit to go ahead.
The Government’s recently Operation Yellowhammer ‘no deal’ Brexit contingency plan will have notable implications for the motor finance sector, according to Bluestone Credit Management.
Bolton Car Centre (BCC Group) has expressed concerns about the impact of Brexit despite a 60.7% pre-tax profit boost delivered with the help of a new Hyundai franchise.
BMW has said that its workers may have to go unpaid for a more than three weeks during an enforced shutdown of its Oxford manufacturing plant after Britain’s departure from the EU.
British car manufacturing output declined -10.6% in July, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
The Retail Motor Industry Federation (RMIF) has posted an increase in operating profits for its annual results despite the impact of an “embarrassing and destructive Brexit quagmire”.
Car buyers will demand greater flexibility from their car finance agreements in the event of a hard Brexit, according to Startline Motor Finance.
PSA Group chairman and chief executive Carlos Tavares has re-stated the French carmaker’s warning that Vauxhall's Ellesmere Port plant could be closed if Brexit makes it unprofitable.
The National Franchised Dealers Association (NFDA) has called on new Prime Minister Boris Johnson to end the Brexit uncertainty with a deal to safeguard the UK automotive retail sector's 800,000 jobs.
The National Franchised Dealers Association (NFDA) has shrugged any suggestions of divisions caused by Brexit by joining the newly-formed Alliance of European Car Dealers and Repairers (AECDR).
The production of cars in the UK declined by 15.5% during May as demand from domestic motorists for home-built vehicles slumped by 25.9% year-on-year, the SMMT has reported.
The next Prime Minister has been warned by the UK auto industry’s trade body that a ‘no deal’ Brexit will cost carmakers millions of pounds per day.
Brexit is yet to have an impact on used car values in the UK according to Cap HPI’s latest analysis of the UK automotive sector.
UK car manufacturing output declined by 44.5% in April as a result of factory shutdowns scheduled by manufacturers in anticipation of import difficulties resulting from a March 29 Brexit.
People advocating a hard Brexit forget just how bad the UK automotive industry really was before Britain joined the EU
Cap HPI is working with car manufacturers to ensure that vehicle price data can be updated in its system promptly, in the event of a no-deal Brexit.
The Society of Motor Manufacturers and Traders (SMMT) has stated that a new period of Brexit limbo has not ended the “havoc” for automotive sector as it revealed that UK vehicle production had fallen by 15.9% in Q1.
Electric vehicle (EV) sales rose by 85% across Europe as the region suffered its seventh consecutive month of declining car sales.
Perrys Motor Sales has said that its launch of the new Perrys Leasing service has come in response to the “seismic shift of millennials preferring to rent rather than buy products and services”.
Automotive employers are increasing salaries to attract workers as Brexit uncertainty and ongoing industry training issues shrink the pool of potential recruits
