Output from UK car factories fell by 5% this September; recording the worst performance for the month in 25 years, according to the Society of Motor Manufacturers and Traders.
COVID-19 may have stalled the car retail sector for three months and plunged the UK into the most severe economic contraction on record, but Renault UK managing director Vincent Tourette still fears the effects of a “very hard Brexit” even more.
The Society of Motor Manufacturers and Traders (SMMT) has said that a 'no-deal Brexit' would trigger a £2,800 uplift in electric vehicle (EV) prices and jeopardise the growing interest in green new cars.
The National Franchised Dealers Association (NFDA) is poised to being consultation with UK car retailers on the future of the European Union’s (EU) Motor Vehicle Block Exemption Regulation.
Dealer groups and the valeting industry could face staff shortages next year as UK employers will not be able to hire non-UK residents for certain key roles.
The Department for Business, Energy and Industrial Strategy (BEIS) will aim to help automotive and retail businesses to prepare for Brexit as part of a series of webinars taking place this month.
Suggestions that Ford car retailers could go out of business as the result of a Brexit-related change to the brand’s VAT invoicing have been branded as “scaremongering”.
Some UK based car manufacturers – especially Japanese ones - could end up facing export tariffs with or without a Brexit free trade deal with the European Union (EU).
The Society of Motor Manufacturers and Traders (SMMT) has expressed its fears of “disturbing times” ahead after UK car manufacturing declined 44.6% by volume in August.
The Society of Motor Manufacturers and Traders (SMMT) has teamed-up with automotive industry bodies from across Europe in a plea to avert what they have referred to as a “€110bn no deal Brexit disaster”.
Almost half of all car buyers expect new car prices to rise when Britain’s transition out of the EU is complete, but many still intend to buy one according to research from Buyacar.
The Society of Motor Manufacturers and Traders (SMMT) has warned that the car manufacturing sector must not endure the “further shock of a ‘no deal’ Brexit” as it fights back from COVID-19 lockdown.
Hepworth Motor Group has closed its Halifax Mitsubishi Motors in the UK franchised car dealership due to the impact of Brexit and COVID-19 pandemic – with the loss of 10 jobs.
The Society of Motor Manufacturers and Traders (SMMT) expects 32% fewer cars to be produced in UK factories in 2020 after volumes declined by 48.2% in June.
The founders of independent supercar dealership Performance 28 have said that the challenge of becoming established amid Brexit and the COVID-19 crisis has created a “better business”.
The Society of Motor Manufacturers and Traders (SMMT) has called for a Government-backed automotive sector restart package and “turbocharged” Brexit talks to kick-start the COVID-19 recovery.
Nissan has warned that its UK car manufacturing plant in Sunderland may prove “unsustainable” if Brexit brings an end to the current tariff-free access to the EU.
Confidence in the 2020 car retail market was expressed by 98% of respondents to a Close Brothers Motor Finance in a survey to gauge the mood among the sector’s businesses.
The period since the referendum has been a turbulent one for UK manufacturing and especially the automotive industry.
Group 1 Automotive boss Earl J. Hesterberg has said that the retail group had been able to overcome “serious challenges presented by Brexit uncertainty in the UK” in 2019 thanks to its “powerful US performance”.
