UK car manufacturing output fell -37.6% in July, the first fall since February, with just 53,438 units made, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). It represented the worst July performance since 1956 as manufacturers grappled with the global shortage of semiconductors and staff absence resulting from […]
Thanks to technology, there is a hope of shifting from gasoline-run vehicles to more eco-friendly options. The use of hybrid cars is the next big thing in the automobile industry—the same case for electric cars. When we talk of hybrid and electric, it sounds the same to many. But the truth is, the two are […]
Innovation Automotive (IA), the UK’s first multi-brand, all-electric automotive company, has begun setting out its ambitions for the UK market, ahead of its full-scale launch later this year. IA pledges to simplify and demystify the process of switching to electric for businesses and consumers, bringing a new level of accessibility to the market. The company […]
The latest quarterly heavy goods vehicle (HGV) and bus and coach registration figures have been released by SMMT. While there was an unsurprising increase in registrations for these vehicles over the past quarter when compared with the same period last year, these figures must be viewed in context against pre-pandemic levels. HGVs, which saw their […]
New heavy goods vehicle (HGV) registrations increased by 128.7% in the second quarter of 2021, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). The increase saw some 9,493 units registered, up from 5,342 in Covid-impacted 2020. Compared to the pre-pandemic five-year average, however, truck registrations fell -20.1%, as nationwide lockdown […]
Global supply shortages – most notably semiconductors – as well as the self-isolation of workers is continuing to affect new car production, and therefore the new car market. However, this disruption, coupled with the increased need for personal mobility as people return to work, has resulted in a booming used car market. Q2 2021 was […]
The light commercial vehicle (LCV) market saw its first decline since December 2020 as July registrations fell -14.8%, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Supply issues – most notably of semiconductors – has meant only 23,606 vans were registered during the month. Despite this challenge, […]
It has been a challenging first half of the year for UK automotive production as the sector continues to suffer from the effects of the global pandemic. Despite 498,923 units rolling off production lines since January – up 30.8% on the first half of 2020 – this represents a near 40% decline over the five-year […]
UK commercial vehicle (CV) production grew to 5,808 units in June according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Production increased 39.6% compared to the same month in 2020, when many plants were operating at reduced capacity because of pandemic restrictions. However, overall production for the first half […]
A six-figure commercial mortgage from Allica Bank has supported the UK’s leading vehicle importing company in acquiring a new £900,000 operating site to satisfy the increasing demand for its services. Leicestershire-based My Car Import, which handles every stage of the registration and import process, wherever a vehicle is in the world, was previously operating out of three rented properties. Having grown by 70% in […]
