Millennials are the most likely car buying age group to have their purchase effected by the uncertainty surrounding Brexit, with many opting for cheaper used cars
Manufacturers are exerting pressure for free-trade agreements after Britain leaves the EU in March, but retailers still seek clarity on the financial impact
The Society of Motor Manufacturers and Traders (SMMT) has urged the Chancellor of the Exchequer to “stimulate the market” with his 2018 budget following September’s 16.8% decline in car production.
A ‘no deal’ Brexit will see car registrations volumes slip back top levels last seen in the 2009 recession, algorithms created by Frost & Sullivan have determined.
DMS provider Pinewood has recruited seven graduate software developers from Vietnam as a result of an increase in competition in recruitment following the Brexit vote.
Peoples' chairman Brian Gilda has warned of Brexit “Armageddon” for the UK’s automotive sector after the Scottish retail group negotiated “fierce competition and diminishing volumes” to realise a £274.4 million turnover.
Concerns about staffing and trade have led the Retail Motor Industry to press the UK Government for certainty on Brexit by the end of November.
Cox Automotive and Grant Thornton have delivered analysis of diesel car sales, vehicle ownership trends and continued retailer consolidation ahead of Brexit after teaming-up to produce an automotive sector Insight Report.
The Society of Motor Manufacturers and Traders (SMMT) has launched a new Brexit Readiness Programme in an effort to help safeguard UK’s automotive supply chain.
Vertu chief executive Robert Forrester has said that the business is actively looking for new investments after putting in place further measures to further strengthen its “ultra conservative” balance sheet.
Arnold Clark grew its used car sales volumes by 10.3% to contribute towards a 7.3% rise in turnover but suffered a 15% decline in profit before tax during its financial year to December 31, 2017.
The Society of Motor Manufacturers and Traders has claimed that a ‘no-deal’ Brexit will undermine the automotive sector’s ability to operate and “cannot be an option”.
Jaguar Land Rover will move around 2,000 of its manufacturing staff onto a three-day week as it battles against the headwinds of anti-diesel sentiment and Brexit.
Jaguar Land Rover chief executive Ralph Speth has warned the Government that a ‘no deal’ Brexit would cost the manufacturer £1.2bn a years – putting thousands of UK jobs at risk.
The Society of Motor Manufacturers and Traders has said that model changes and preparation for WLTP and RDE fuel economy and emissions tests were to blame for an 11% decline in UK car production during July.
Car retailers across the UK could be faced with post-Brexit recruitment shortages unless free movement of labour within EU borders is agreed, according to Coachworks Consulting.
The used car market will shrink by 3.7% to 7.86 million sales during 2018, according to a forecast published by Cox Automotive.
The Society of Motor Manufacturers and Traders has conceded that UK-based car makers are not ready for a ‘no deal’ Brexit after revealing that manufacturing levels had declined by 3.3% in the first half of 2018.
Car dealers have shared insight into the challenges they face in 2018 as part of an interview series conducted by Oodle Finance – with Brexit and online sales emerging as their most pressing concerns.
IM Group boss Lord Edmiston was handed £76m dividend last year despite an 8% decline in revenues at the Subaru and Isuzu importer and franchise operator.
