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Auto industry attracts £20bn investment
- 05/12/2023
- Posted by: Alan Feldberg
- Category: News
The UK automotive industry has so far attracted approximately £20bn in private investment this year, according to the Society of Motor Manufacturers and Traders (SMMT). On top of industry’s backing for new and upgraded R&D and manufacturing facilities, the government committed a further £2bn for the sector, [...] -
SMMT names new president
- 05/12/2023
- Posted by: Alan Feldberg
- Category: News
The Society of Motor Manufacturers and Traders (SMMT) has named Mick Flanagan as its new president. Flanagan, vice-president for Volvo, JLR, Toyota, Nissan at Adient, will take up his new role on 1 January, taking over from Alison Jones, who steps down after completing her two-year tenure. He said: “I am [...] -
CV production up 59% on 2019
- 04/12/2023
- Posted by: Alan Feldberg
- Category: News
UK commercial vehicle (CV) production surged 47.1% year-on-year last month, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). It reported that 12,853 vans, buses, trucks, coaches and taxis rolled out of factory gates, up 4,113 units on last year to make this the [...] -
Car production surges by nearly a third
- 01/12/2023
- Posted by: Alan Feldberg
- Category: News
UK car production output surged 31.6% in October, according to the Society of Motor Manufacturers and Traders (SMMT). In the eighth month of growth this year, 91,512 units were produced making this the best October performance since 2019. Production for both the home and overseas markets grew, up 23.9% and [...] -
SMMT and Ben team up to drive apprenticeships
- 23/11/2023
- Posted by: Alan Feldberg
- Category: News
Britain’s automotive industry has introduced a new pilot scheme to helps fund driving lessons for new apprentices in the sector. Drive to Thrive has been launched by the Society of Motor Manufacturers and Traders Charitable Trust Fund in partnership with automotive charity Ben, Apprentices taking part in Drive [...] -
Bus and coach market accelerates through third quarter
- 20/11/2023
- Posted by: Alan Feldberg
- Category: News
The Society of Motor Manufacturer and Traders has reported that Britain’s new bus, coach and minibus market grew by an impressive 130.6% in the third quarter of 2023 with 1,739 vehicles registered. Operator demand more than doubled compared with the same quarter last year, while the July to September period saw [...] -
HGV sales gather momentum
- 17/11/2023
- Posted by: Alan Feldberg
- Category: News
British demand for new heavy goods vehicles grew by 14.9% in the third quarter with 11,531 trucks joining Britain’s roads. According to the Society of Motor Manufacturers and Traders (SMMT), this makes it the UK’s sixth consecutive quarter of growth and the greatest number of new HGV deliveries in any quarter [...] -
SMMT joins M5 to produce ‘manifesto for growth’
- 14/11/2023
- Posted by: Alan Feldberg
- Category: News
The automotive industry has joined forces with the four other main manufacturing sectors in the UK to produce a report highlighting what is necessary for sustained growth. The SMMT has joined leaders from Association of the British Pharmaceutical Industry, the ADS Group (Aerospace, Defence, Security and Space), the [...] -
EVs set to break the million barrier
- 13/11/2023
- Posted by: Alan Feldberg
- Category: News
Experts at cap hpi are predicting that there will be one million BEVs on UK roads for the first time by February 2024. It found that heading into October 2023 there were nearly 900k pure BEVs on UK roads, and it expects that figure to surpass one million in the next three months. October’s new car market [...] -
Used car market swells in September
- 09/11/2023
- Posted by: Alan Feldberg
- Category: News
The UK’s used car market grew by 5.5% during the third quarter, with 1,884,160 units changing hands, according to the Society of Motor Manufacturers and Traders (SMMT). The increase marks the third successive quarter of growth, with 98,713 additional transactions compared with the same period in 2022. Volumes [...]