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Car production sinks to 60-year low
- 26/01/2023
- Posted by: Alan Feldberg
- Category: News
UK car production fell 9.8% in 2022 to 775,014 units, according to the latest figures issued by the Society of Motor Manufacturers and Traders (SMMT). This represents the lowest total since the 1950s. December rounded off a volatile year, with output down 17.9% in the month after growth in October and [...] -
CV production surges during 2022
- 26/01/2023
- Posted by: Alan Feldberg
- Category: News
UK commercial vehicle (CV) production grew 39.3% in 2022, with 101,600 units leaving factory lines over the 12 months. Output fell 23.6% in December, according to the Society of Motor Manufacturers and Traders (SMMT), but the overall total was up 29.8% on pre-pandemic 2019 and the highest since 2012. Output for [...] -
Car sales tipped for 2023 recovery
- 18/01/2023
- Posted by: Alan Feldberg
- Category: News
New analysis is predicting that car sales in Europe could rebound slightly in 2023. According to Bloomberg Intelligence, car sales will suffer a third year of annual decline in 2022, but could recover in 2023 as supply constraints ease. Gillian Davis, industry analyst (Autos), said: “European car sales climbed [...] -
Used car market remains robust into 2023
- 09/01/2023
- Posted by: Alan Feldberg
- Category: News
Auto Trader data suggests the used car market has entered the New Year in a robust position, with both retail prices and consumer demand stable in December. Its Retail Price Index found that the average retail price of a used car was £18,030 in December, marking a 3.1% year-on-year (YoY) increase on a like-for [...] -
LCV sales suffer as supply shortages continue
- 06/01/2023
- Posted by: Alan Feldberg
- Category: News
UK new light commercial vehicle (LCV) registrations reached 282,139 units in 2022, a decline of 20.6% on the previous year. The Society of Motor Manufacturers and Traders (SMMT) said that performance was to be held back by persistent supply chain issues, and as a result the market was 22.9% down on pre-pandemic [...] -
EV range and variety tops car buying wish list
- 04/01/2023
- Posted by: Alan Feldberg
- Category: News
New research has revealed that reduced waiting times and better range on electric vehicles top the wish list of car buyers in 2023. According to a What Car? survey of 1,698 in-market buyers, 46% wanted to see reduced vehicle prices this year, 44.3% want electric vehicles with more range, while 18.7% want more [...] -
Car production ends year on upward trend
- 23/12/2022
- Posted by: Alan Feldberg
- Categories: Featured, News
UK car production grew for the second consecutive month in November, according to the Society of Motor Manufacturers and Traders (SMMT). It reported that production was up 5.7% to 80,091 units, meaning output has grown in six of the past seven months. However, November’s performance was still down 44.1% from [...] -
Christmas rush for LCVs at BCA
- 23/12/2022
- Posted by: Alan Feldberg
- Category: News
BCA has revealed that demand for used LCVs continued to grow through November, with buyers seeking vehicles to service the online shopping and home delivery sector in the run-up to Christmas. The month-on-month figures rose by £240 (2.5%) in November 2022 compared to October to reach £9,914, the highest monthly [...] -
Cost-of-living crisis could ease chip demand
- 30/11/2022
- Posted by: Alan Feldberg
- Categories: Featured, News
The semiconductor shortage could soon be a thing of the past, according to VCN Automotive. It believes the cost-of-living crisis means consumers are not upgrading their smartphones or investing in new laptops in the same quantity as before, meaning chips will be more readily available to the automotive [...] -
Bus and coach market suffers third-quarter dip
- 21/11/2022
- Posted by: Alan Feldberg
- Category: News
The Society of Motor Manufacturers and Traders has reported that the new bus and coach market fell by 11.6% in the third quarter of the year. Just 754 units joined UK roads in the months between July and September, with the greatest decline coming in the minibus segment, which fell 26.9%. However, single and [...]