UK car production got off to a fast start in January, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
Manufacturers should hedge their bets on the future trajectory of EVs - even entertain ‘heretical’ theories - before betting on the speed of transition
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has admitted that the UK car manufacturing sector needs a new "pitch” to remain competitive with global rivals.
The new Prime Minister will put jobs and economic growth at risk unless fast, focussed action is taken to mitigate against soaring costs in the manufacturing sector, the Society of Motor Manufacturers and Traders (SMMT) has said.
The UK car manufacturing sector was described as “deeply troubled” as soaring energy costs and competition from the EU tempered optimism following the first uplift in productivity for 10 months.
New car sales were down 15.8% in April 2022 versus April 2021, to 119,167 registrations. The SMMT data shows a -33.3% decrease in large fleet registrations.
The latest webinar from the Institute of the Motor Industry (IMI) is set to address cash flow challenges that businesses are facing due to the COVID-19 coronavirus outbreak.
KPMG has appointed Andrew Burn as its new UK head of automotive following the departure of Justin Benson from the professional services business.
The post-Brexit economic outlook, developments in vehicle autonomy and the impact of the 2035 EV announcement will all be key subjects in the next VRA meeting.
Recent years have seen a marked shift away from private vehicle ownership, particularly in urban areas.
Automotive executives believe that 30% to 50% of car dealerships will be closed by 2030, according to KPMG’s Global Automotive Executive Survey 2019.
A look back at AM-online's most read stories in automotive retail from January 2018.
Slaters of Abergele’s former Citroen and Nissan showroom has been put up for sale six months after the business went into administration.
The number of car manufacturers is predicted to halve in the space of a decade as mobility solutions and a decline in vehicle ownership start to take hold of the market, according to KPMG.
Franchised car dealers could see their new car sales “largely replaced” by manufacturers’ online retail platforms and mobility schemes, according to KPMG research to be discussed at the AM Digitech conference.
The full line-up of speakers at April’s DigiTech tackling the digital and technological challenges facing automotive retailers, has been confirmed.
By understating its performance, there is a real danger that the motor retail industry will sow the seeds of its own demise.
KPMG’s restructuring practice has been appointed as administrators to Nissan and Citroen dealership operators Slaters of Abergele Limited, Slaters of Ruthin Limited and Slaters North Wales Car Centre Limited.
Up to half of UK car dealerships will close within by 2025 according to respondents to KPMG’s Global Automotive Executive Survey 2018.
KPMG has made Justin Benson as the firm’s UK head of automotive alongside his current role as Brexit lead for the firm’s industrial manufacturing practice.
