27 January 2022 (data for December and full year 2021) UK engine manufacturing down -10.8% in 2021 to just over 1.6 million units. Production for domestic and overseas markets falls -3.6% and -15.4%, respectively. December output tumbles by more than a quarter to round off another tough year for sector. Mike Hawes, SMMT chief executive,said, “2021 […]
2022 has the potential to be a busy year for international trade between the UK automotive sector, it’s established partners and a host of markets that present new prospects across the world. Of course, the European Union is still our most important trading partner, with around six-in-ten of the cars we ship overseas heading into […]
After the good news last week that 2021 was a record-breaking year for battery electric vehicles, it is therefore unsurprising that the UK finished last year as the second largest market by volume for both plug-in and battery electric vehicle registrations in Europe. Whilst this is testament to the industry’s commitment to improving air quality […]
Nuapay’s partnership with Cocoon empowers auto sales garages to cut costs by three quarters compared to traditional card-based payment methods, which do not suit automotive dealers. Nuapay (EML Payments’ (ASX: EML) (S&P/ASX 200) Open Banking Product Suite) is helping Cocoon deliver a better way for customers to pay for automotive purchases. Its simpler, safer and […]
The first week of the new year brought with it a mixed bag of news for the car industry. The bad is that over the course of last year just 1.65 million new cars were registered, representing a meagre 1.0% increase on a subdued 2020 and -28.7% below 2019 pre-Covid levels. While demand for new […]
UK new light commercial vehicle (LCV) registrations bounced back from the pandemic-hit 2020, growing by more than a fifth (21.4%) in 2021, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 355,380 new light commercial vehicles were registered in the year, ending with the best December for the […]
365 Business Finance, a financial provider to SMEs across the UK, has revealed that MOT garages are opting for more merchant cash advance funding now, than before the Covid-19 pandemic. The London-based lender has reported a 35% increase in the average amount advanced to MOT test centres in 2021, compared to the amount lent to […]
The light commercial vehicle (LCV) market recorded the best November in its history, with 31,320 new vans registered according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). The number of vans reaching Britain’s roads rose 11.4% on the pre-pandemic average for November1, following two previous months of decline. […]
New analysis by the Society of Motor Manufacturers and Traders (SMMT) has revealed that the ratio of vehicle chargepoints to plug-in cars deteriorated by -31% during 2020. The research shows that at the end of 2019, 11 plug-in vehicles potentially shared a standard public chargepoint capable of charging both battery electric (BEVs) and plug-in hybrid […]
UK commercial vehicle (CV) production increased to 7,892 units in October, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). October’s growth in output of 17.2%, the highest uplift since June this year, follows a weak October 2020 where operators delayed fleet renewal due to issues relating to the […]
