Van registrations declined for the first time in 2021 as supply shortages resulted in a 14.8% year-on-year dip in July, according to SMMT data.
Supply issues resulting from global semiconductor shortages and the ongoing impact of the UK’s COVID-19 ‘pingdemic’ have been blamed for the lowest July new car registrations total since 1998.
Cox Automotive has warned that ‘more needs to be done’ to encourage consumers to adopt electric vehicles (EVs) ahead of the 2030 ban.
The UK’s car manufacturing sector saw its productivity choked by COVID-19 triggered staff absences and the global shortage of semiconductor microchips in June.
Semiconductor shortages, the transition to electric vehicles (EV) and “the true impact of Brexit” are among new car retail disruptions that are set to fuel a strong used car market in to 2022, says Cox Automotive.
Car manufacturing is said to be suffering from “long COVID”, with new vehicle supply issues blamed for UK registrations total which remained adrift of pre-pandemic levels in Q2, 2021.
A new report from the Society of Motor Manufacturers and Traders (SMMT) has said the UK could suffer 90,000 job losses If Government fails to help the sector ‘Build Back Better’ after the COVID-19 crisis.
The COVID-19 recovery of UK car production continues to be hampered by component supply shortages, with May volumes down 58% on the five-year average for the month.
UK’s car manufacturing recovery remained “challenging” after a surge in April production still left the sector's output 15% down on the first four months of 2019, the SMMT has said.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said the used car retail sector can look forward with “renewed optimism” after an 8.9% decline in sales during Q1.
Cox Automotive has warned UK car dealers not to be ‘blindsided’ by the automotive retail sector’s headwinds after the optimism on an April sales regurgence.
The Light Commercial Vehicle (LCV) market delivered record registrations in April as businesses expressed their confidence in the COVID-19 recovery in new vehicle acquisitions.
The Society of Motor Manufacturers and Traders (SMMT) has said that April’s 13.9% rise in new car registrations show that there is “light at the end of the tunnel” after COVID-19.
BMW is set to temporarily close its Plant Oxford Mini production line after the premium car manufacturer becomes the latest casualty of a global shortage of semiconductor microchips.
Car manufacturers have told the Society of Motor Manufacturers and Traders (SMMT) that their COVID-19 recovery will take “at least six months” in the UK.
The National Franchised Dealers Association (NFDA) and Society of Motor Manufacturers and Traders (SMMT) have teamed-up to publish assets and advice to help car retailers re-open safely after COVID-19 ‘Lockdown 3’.
UK new car sales in March 2021 were up on 2020 despite showrooms remaining closed by the coronavirus lockdowns.
Next month’s post-Lockdown reopening of car showrooms across the UK has been described as a “ray of light” following another 14% decline in UK manufacturer’s vehicle output in February.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said that electric revolution is “primarily for fleets, not families” and called for change to drive mass adoption.
Car manufacturers and the Society of Motor Manufacturers and Traders (SMMT) have been accused of “scaremongering” in their efforts to lobby the UK Government over its 2030 ban on diesel and petrol cars.
