Urgent action to address a 50% rise in energy bills is UK car manufacturers’ “number one ask” as the sector seeks help from Government, the Society of Motor Manufacturers and Traders (SMMT) has said.
Hyundai and Kia defied car manufacturing’s supply shortages to grow their European market share by 10% year-on-year during May.
Toyota and Stellantis are the latest carmakers to have their manufacturing capacity impacted by component supply shortages as a new report warns that the crisis could continue into 2024.
Inchcape’s global car distribution operations have driven its year-to-date financial performance to ‘exceed expectations’, a trading update has revealed.
New car registrations slumped 20.6% to deliver the lowest May volume in three decades as supply issues continued to hamper the automotive retail sector, Society of Motor Manufacturers and Traders (SMMT) data shows.
The Society of Motor Manufacturers and Traders (SMMT) has called for energy crisis relief from Government after the UK’s car manufacturing output declined by 11.3% in April.
Audi has suspended the production of its A4, A5 and A8 saloon cars as component supplies continue to hamper the German premium car manufacturer.
Kia’s 32,199 new car registrations in the first three months of 2022 made it the UK’s best-selling car brand year-to-date – almost 8% ahead of Ford in second place.
In the latest edition of AM industry commentator David Francis pondered how the challenges faced by car manufacturers were shaping the new car registrations rankings as well as their profits.
A “lingering supply chain crunch” has been blamed for a used car sector that remained 12.2% down by volume on pre-COVID 2019 in Q1, 2022.
The car retail sector should be braced for a prolonged period of uncertainty as OEMs impacted by Russia’s war in Ukraine battle to deliver vehicle supplies and consumers “grapple with a cost-of-living crisis”.
Urgent action is needed to protect the UK car manufacturing sector after production volumes slumped 32.4% on a COVID-impacted 2021, according to the Society of Motor Manufacturers and Traders (SMMT).
Skoda UK has removed the entry-level version of its Enyaq electric vehicle (EV) from sale in the UK, citing a need to “manage customer expectations” amid lengthy lead times.
New car registrations are expected to decline 10% year-on-year in the first half of 2022 with all hopes pinned on a recovery in H2, Cox Automotive’s latest forecasts reveal.
Mini production could be dealt a further blow after workers at its Oxford manufacturing plant voted to strike over an “inadequate pay offer”.
The UK automotive sector has suffered its worst March new car registrations result since 1998, with Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes stating that it “lays bare the challenges ahead”.
Ahead of this week’s publication of Q1 new car registrations figures by the Society of Motor Manufacturers and Traders (SMMT), AM takes a look at February's trends and how Russia “threw a hammer and sickle into the works” of a 2022 recovery.
Growing concerns about the automotive supply chain, a potential energy crisis and consumer confidence crash are feeding fears about the impact of the Ukraine-Russia war on UK car retail.
Jaguar Land Rover (JLR) has committed to reducing greenhouse gas emissions across its operations by 46% by 2030.
Perrys Motor Group managing director Darren Ardron told the AM News Show Podcast that it felt like the car retail sector was getting “back to reality” in 2022 – but highlighted reasons for optimism.
