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. The British car market is coming under increasing pressure as consumers turn away from buying new models after a squeeze on earnings, favouring secondhand cars instead. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 03:16:50 PM
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Latest Finance News related to Car Market

UK car buyers turn to secondhand vehicles image
Source : Guardian [Read Article] Wednesday 16th of August 2017 03:16:50 PM
. The British car market is coming under increasing pressure as consumers turn away from buying new models after a squeeze on earnings, favouring secondhand cars instead. ...
Brexit uncertainty blamed as UK car sales fall for fourth month image
Source : Guardian [Read Article] Friday 4th of August 2017 10:06:43 AM
....3% in July to 161,997 new cars as consumers and businesses grew increasingly reluctant to commit to major spending decisions. “The fall in consumer and business confidence is having a knock-on effect on demand in the new car market and the government must act quickly to provide concrete plans regarding Brexit,” said Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, which published the figures. ...
Lenders told to be vigilant over loans image
Source : BBC [Read Article] Tuesday 4th of July 2017 10:52:05 AM
.... At the end of the deal, the customer can hand it back or buy the car outright at a "guaranteed future value". However, the PRA said many lenders were setting this level very high and were exposed to a significant downturn in the used car market. ...
UK car registrations fall 8.5% in May image
Source : BBC [Read Article] Monday 5th of June 2017 09:07:21 AM
....Car sales in April and May have suffered after a record 562,337 new vehicles were registered in March, as buyers rushed to beat a rise in Vehicle Excise Duty (VED) that came into force on 1 April. "We expected demand in the new car market to remain negative in May due to the pull-forward to March," Mr Hawes said. ...
Aston Martin roars back into profit for the first quarter image
Source : BBC [Read Article] Wednesday 24th of May 2017 03:56:30 PM
...." . The company said it was still planning to enter the electric car market. ...
Ford looks to cut 1,400 jobs image
Source : BBC [Read Article] Wednesday 17th of May 2017 07:22:17 PM
....Reality Check: Did Donald Trump save a Ford factory?. The company, which claims about 7% of the global car market, has added thousands of workers in recent years, responding to strong demand. ...
Can China's electric cars kill off petrol? image
Source : BBC [Read Article] Thursday 20th of April 2017 11:13:26 PM
. China is the world's biggest car market - and Beijing is keen for more electric vehicles to help cut pollution. ...
Related to :
UK new car sales speed to record high image
Source : Guardian [Read Article] Wednesday 5th of April 2017 09:14:46 AM
....A total of 244,263 diesel cars were sold in March, a record, but there was also some evidence that the controversy surrounding emissions and the damage these vehicles are causing to the environment is starting to hit demand. Diesel was the slowest-growing segment of the new car market, with sales up 1. ...
Record UK car registrations in March image
Source : BBC [Read Article] Wednesday 5th of April 2017 08:17:31 AM
....6% in March to 244,463. However, diesel's share of the overall car market fell to 43%, from 46% in March 2016. ...
Vauxhall production guaranteed until at least end of decade, PSA tells union image
....Vauxhall’s Ellesmere Port and Luton factories, headquarters and warehouse employ about 4,600 people, with a further 20,000 working in the carmaker’s showrooms; they also support a further 18,000 supply chain job. Vauxhall accounts for 14% of the UK car market. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
....Vauxhall’s Ellesmere Port and Luton plants, headquarters and warehouse employ about 4,600 people, with a further 20,000 working in the carmaker’s showrooms; a further 18,000 supply chain jobs depend on the carmaker. Vauxhall accounts for 14% of the UK car market. ...
General Motors looks to sell loss-making Vauxhall and Opel image
Source : Guardian [Read Article] Tuesday 14th of February 2017 01:42:44 PM
....”. He stressed that if PSA buys Opel, it should not forget that the UK is the second-largest car market in Europe, but warned that whoever owns Vauxhall would need to be protected in Brexit negotiations. ...
Sub-prime cars: are car loans driving us towards the next financial crash? image
Source : Guardian [Read Article] Friday 10th of February 2017 03:29:36 PM
....It warned that “the manufacturer would be exposed [to] the impaired value of rented and leased vehicles returned at the end of their contracts should the balloon payments exceed the vehicles’ market values”. One of the chief worries about the PCP market is that a glut of vehicles coming on to the used car market will depress values, pushing them below the expected sale value of the leased car after three years. ...
UK electric vehicle boom drives new car sales to 12-year high image
Source : Guardian [Read Article] Monday 6th of February 2017 09:42:11 AM
....3%, continuing the fall seen in December, amid suggestions of higher taxes to curb emissions. The SMMT chief executive, Mike Hawes, said he expected some “cooling” in the car market as the year progressed. ...
Chinese discard hundreds of cycles-for-hire in giant piles image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:09:36 AM
....Car use, meanwhile, has rocketed. In 2010 China overtook the US to become the world’s largest car market, with 13. ...
UK car sales at record high in 2016 image
Source : BBC [Read Article] Thursday 5th of January 2017 07:45:28 AM
.... . With claims that the new car market is saturated, higher prices coming on forecourts and economic uncertainty ahead, the industry's forecast of a 5% fall in the market this year could prove optimistic. ...
British car industry body warns of sales downturn as uncertainty kicks in image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....”. Minis, luxury vehicles and SUVs have seen the biggest growth in the new car market, with traditional family saloons becoming less popular, he said. ...
Sweden's best-selling car not a Volvo image
Source : BBC [Read Article] Tuesday 3rd of January 2017 01:14:56 AM
....Sweden's best-selling car in 2016 was not a Volvo - the first year that has happened in more than half a century. Instead the Volkswagen Golf topped sales, according to the country's carmakers' association, although Volvo still had the largest share of the country's car market overall. ...
Volkswagen to axe 30,000 jobs worldwide image
Source : Guardian [Read Article] Friday 18th of November 2016 11:32:17 AM
....Analysts said the cuts helped VW to rethink its strategy as well as shore up its balance sheet. Christian Stadler, professor of strategic management at the Warwick Business School, said: “This is not just about cutting costs because of the emissions scandal but moving to a new strategy in a rapidly changing car market. ...
Volkswagen plans 30,000 job cuts worldwide image
Source : BBC [Read Article] Friday 18th of November 2016 09:39:10 AM
....The VW group comprises 12 brands from seven European countries: Volkswagen passenger cars, Audi, Seat, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. Professor Christian Stadler, from Warwick Business School, said Friday's announcement about electric cars marked "a new strategy in a rapidly changing car market". ...
'Pre-reg' cars now widespread in UK image
Source : BBC [Read Article] Thursday 27th of October 2016 11:58:28 PM
....Motor industry analysts Cap HPI said its research suggested the numbers were growing, and could total as many as 100,000 cars in one month. In a survey of 200 dealers, 80 predicted that pre-registered vehicles in September would account for 11% to 20% of the new car market. ...
UK new car sales hit record high for September image
Source : Guardian [Read Article] Wednesday 5th of October 2016 12:45:42 PM
....Mike Hawes, chief executive of the SMMT, said, the 66 plate, new models featuring the latest technology and cheap financing deals had all helped to boost demand in September. He said, however, that the future strength of the UK car market was at risk because of the uncertainty posed by the Brexit vote. ...
UK new car sales rise in September image
Source : BBC [Read Article] Wednesday 5th of October 2016 09:44:39 AM
....The best-selling new car in September was the Ford Fiesta. Mike Hawes, chief executive of the SMMT, said: "September is always one of the biggest months for Britain's new car market. ...
Ex-Tesla rival Fisker rejoins electric car race image
Source : BBC [Read Article] Wednesday 5th of October 2016 01:24:10 AM
. Tesla's former rival in pioneering electric cars, Henrik Fisker, has re-entered the electric car market announcing two new models. ...
Absent brands image
Source : BBC [Read Article] Tuesday 27th of September 2016 11:51:21 PM
....GM's Opel brand, meanwhile, will unveil the Ampera-E, a European version of the new Chevrolet Bolt. So why are we seeing this surge in interest in electric vehicles, at a time when their share of the global car market is still tiny? According to Ian Fletcher, automotive analyst at IHS Markit, change in Europe is being driven primarily by legislation. ...
Can foreign car makers succeed in India? image
Source : BBC [Read Article] Friday 26th of August 2016 02:11:25 AM
. After a slow few years for India's car market, sales are powering ahead. ...
Second-hand car sales hit record level in first half image
Source : BBC [Read Article] Monday 22nd of August 2016 11:13:44 PM
....The Society of Motor Manufacturers and Traders (SMMT) said the increase mirrored the rising number of new cars sold in the past few years. Mike Hawes, chief executive of the SMMT, said: "The UK's used car market is at its strongest ever. ...

Brexit boost for used car market as pounds slide set to drive sales
 image
Source : Telegraph [Read Article] Saturday 6th of August 2016 05:00:00 PM
...
Related to :
Renault-Nissan 'reasonably optimistic' over Brexit image
Source : BBC [Read Article] Thursday 4th of August 2016 11:00:09 PM
....He said the UK economy will see some contraction "not because there is anything wrong with the UK, but because markets hate uncertainty". Renault-Nissan says the global car market will continue to be sluggish until 2019. ...
Growth in new UK car sales slows in July image
Source : Guardian [Read Article] Thursday 4th of August 2016 10:03:57 AM
....6m cars were sold last year. Mark Fulthorpe, a car market analyst with IHS Markit, said consumers had been spending much more than normal over recent years fuelled in part by one-off factors such as PPI insurance payouts. ...
Volkswagen hit by 2.2bn euros diesel emissions charge image
Source : BBC [Read Article] Wednesday 20th of July 2016 11:20:51 AM
....The so called "defeat devices", which deactivated pollution controls, were placed in 11 million cars worldwide. Europe's biggest car manufacturer said it had seen an improvement in European car markets and the return of orders from corporate fleets. ...
UK car sales fell ahead of EU vote image
Source : Guardian [Read Article] Wednesday 6th of July 2016 09:51:09 AM
....Mike Hawes, the SMMT’s chief executive, said it was too early to tell what impact the vote to leave the EU would have on car sales, but said the government must do all it could to shore up confidence. “It is far too soon to determine whether the referendum result has had an impact on the new car market. ...
New car sales fall 0.8% in June image
Source : BBC [Read Article] Wednesday 6th of July 2016 09:43:47 AM
....2% to a record 1,420,636 registrations. He said: "It is far too soon to determine whether the referendum result has had an impact on the new car market. ...
Prices, property, pensions: 30 EU referendum questions answered image
Source : Guardian [Read Article] Friday 10th of June 2016 12:53:56 PM
....Graham Hope, editor of Auto Express, told us there was “little expectation” among experts that buyers would have to pay more for vehicles if the UK left the EU. “The used car market in particular is largely expected to be unaffected. ...
UK new car sales continue to rise but at slower pace image
Source : Guardian [Read Article] Monday 6th of June 2016 11:39:15 AM
.... But the SMMT said it was too early to tell if the slowdown in new car registrations was down to the vote. “The new car market in May remained high with compelling offers available on the latest vehicles, but the low growth is further evidence of the market cooling in the face of concerns around economic and political stability,” said Mike Hawes, the SMMT chief executive. ...
Smart cars: how technology is putting the brakes on insurance premiums image
....Insurer Swiss Re and technology group Here have anticipated that there will be a huge decrease in car insurance premiums in the coming years as automatic crash-avoidance systems in cars reduce the likelihood of impacts. Premiums in the 14 largest car markets in the world are expected to drop by $20bn (£13. ...
Driverless cars, drones and spaceport to feature in Queen's speech image
Source : Guardian [Read Article] Sunday 15th of May 2016 11:58:36 AM
.... The government has said that the spaceport will be constructed by the end of the current parliament. The self-driving car market is currently growing at 16% a year and could be worth up to £900bn worldwide by 2025, while the port is part of the government’s plan to raise revenues in the space sector from £12bn to £40bn by 2030, which would mean capturing about 10% of the sector worldwide. ...
VW sales rise for first time since emissions scandal image
Source : Guardian [Read Article] Friday 13th of May 2016 08:57:14 AM
....1% and the UK posted 2% growth. The ACEA said: “The EU passenger car market posted strong results again, marking the 32nd consecutive month of growth. ...
UK car registrations hit highest April level for 13 years image
Source : Guardian [Read Article] Friday 6th of May 2016 10:14:55 AM
....Related: UK records highest monthly car sales in almost 20 years. The rise means the UK car market is up 4. ...
Driverless cars to dent insurance industry, warns Volvo chief image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 05:00:46 AM
....The result will be a huge decrease in the cost of car insurance premiums, according to separate research by insurer Swiss Re and the technology group Here. Premiums in the 14 largest car markets in the world are set to drop by $20bn (£13. ...
How the car industry trumped banking for sociopathic corporate behaviour | Karel Williams image
.... But European regulations focused on carbon dioxide emissions, which could be easily reduced after the late 1990s by using electronic direct injection. Diesel cars, which had less than 15% of the EU new car market in 1990, had more than 50% by 2010 because EU regulators had allowed the European industry to market pretend-clean diesel cars with the lure of low CO2 and high mpg. ...
How the car industry trumped banking for sociopathic corporate behaviour | Karel Williams image
.... But European regulations focused on carbon dioxide emissions, which could be easily reduced after the late 1990s by using electronic direct injection. Diesel cars, which had less than 15% of the EU new car market in 1990, had more than 50% by 2010 because EU regulators had allowed the European industry to market pretend-clean diesel cars with the lure of low CO2 and high mpg. ...
New car sales in Europe rise to near pre-crisis levels image
Source : Guardian [Read Article] Friday 15th of April 2016 11:42:51 AM
....Most European countries recorded a rise in sales in March, although in Spain they were down 0. 7%, and in Germany, Europe’s biggest car market, sales remained flat. ...
European car sales rise in March image
Source : BBC [Read Article] Friday 15th of April 2016 07:04:21 AM
....Nearly every European country recorded growth last month, but sales fell 0. 7% in Spain and dipped slightly in Germany, Europe's biggest car market. ...
'Car makers know they have a problem': the startup giving power to buyers image
Source : Guardian [Read Article] Wednesday 13th of April 2016 09:59:40 AM
. From scraping a living in a loft to selling £600m worth of cars in less than three years, CarWow’s CEO, James Hind, is disrupting the UK’s new car market. ...
UK records highest monthly car sales in almost 20 years image
Source : Guardian [Read Article] Wednesday 6th of April 2016 11:46:20 AM
....”. Forty-three consecutive months of sales growth came to an end last year, but Britain’s car market has remained more buoyant than in much of the rest of Europe, where trade remains below pre-recession levels. ...
Tesla Model 3 pre-orders stack up as Elon Musk unveils lower-priced car image
....5m vehicles last year in the US, 35% of the market, according to data from TrueCar. Doing so, however, will be a serious test for the 13-year-old company, who until now has been a niche player in the wider car market selling 100,000 of its Model S over for years in a greater than 70m global car market. ...
TVR to create 150 jobs with new car factory in south Wales image
Source : Guardian [Read Article] Tuesday 22nd of March 2016 12:01:23 AM
....Last month Aston Martin announced it would build its new DBX crossover model at a plant in St Athan from 2020 after a worldwide search for a new manufacturing facility. Founded in 1947 in Blackpool, TVR became a leading light in the British niche sports car market, building an international reputation for high-performance vehicles and innovative design. ...
Apple co-founder criticises company over Apple Watch image
Source : Guardian [Read Article] Thursday 17th of March 2016 09:40:47 AM
....When it comes to Apple’s current plans, Wozniak expressed support for the company’s reported self-driving car division. “The car market makes total sense to me for Apple, but the important thing is that I hope if they get off on a product, something that they could sell and make a lot of money for but is not ‘insanely great’ as Steve jobs would say, Apple should drop it and start over. ...
Used car market to be turned upside down by financing deals image
Source : Telegraph [Read Article] Saturday 20th of February 2016 07:00:39 PM
. The used car market could be revolutionised by personal contract plans, the financing deals that have driven sales of new vehicles to record levels, according to the boss of Britain’s biggest car dealer. ...
Auto Trader revs up for strong results image
Source : Telegraph [Read Article] Wednesday 17th of February 2016 09:05:26 AM
....6m new cars were registered, an increase of 6. 3pc over 2014, making it the second largest car market in Europe. ...
City News: ITV, UK Oil & Gas, Pendragon, Virgin image
Source : Daily Express [Read Article] Tuesday 16th of February 2016 09:49:00 PM
....------------------------------------------------------------------------------------------------------------------------------. BRITAIN’S booming car market has put Pendragon’s sales and profits in the fast lane. ...
Booming car market boosts dealer Pendragon  image
Source : Telegraph [Read Article] Tuesday 16th of February 2016 09:40:39 AM
. A booming second-hand car market has driven Pendragon to a record year with pre-tax profits surging 22. ...
Nissan boosted by recovering car sales in Europe and US image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 11:52:07 AM
.... . However, Nissan – the second largest Japanese car company by sales – said it was seeing signs of demand picking up in China, which is the world’s largest car market. ...
Australians to bypass car dealers and import directly from Japan and UK image
Source : Guardian [Read Article] Tuesday 9th of February 2016 01:02:22 PM
....”. The AAA chief executive, Michael Bradley, said the decision was “a big win for consumers and a decision that will open up choice and increase competition within the Australian car market”. ...
VW postpones release of financial results due to diesel emissions scandal image
....4%. Group sales declined despite the overall new car market enjoying its strongest performance in January since 2005. ...
VW loses out as new car sales accelerate again image
Source : Telegraph [Read Article] Thursday 4th of February 2016 01:30:48 PM
.... Official data from industry trade body the Society of Motor Manufacturers and Traders (SMMT) showed that VW had 7. 1pc of the UK new car market in January, a 13. ...
UK sales of VW cars fall 14% after emissions scandal image
Source : Guardian [Read Article] Thursday 4th of February 2016 10:35:43 AM
.... As a result it faces the prospect of having to pay tens of billions of euros in fines and compensation to customers. VW sales fell despite the British car market enjoying its best January for 11 years. ...
Ford pulls out of Japan and Indonesia image
Source : BBC [Read Article] Tuesday 26th of January 2016 01:47:23 AM
.... . In a statement, Ford spokesman Neal McCarthy said: "Japan is the most closed, developed auto economy in the world, with all imported brands accounting for less than 6% of Japan's annual new car market. ...
Scandal-hit VW stalls as European car sales hit the gas image
Source : Telegraph [Read Article] Friday 15th of January 2016 11:40:37 AM
.... . In a year that saw the German auto giant engulfed in a massive pollution cheating scandal, Europe's overall new car market grew 9. ...
Rolls-Royce car sales plunge in China as economic slowdown and anti-bribery rules bite image
....7pc in 2015, compared with growth of 16. 7pc in the previous 12 months, the company is confident of growth in the China - the world's largest car market - in 2016. ...
F-Pace buyers face nine-month wait to get behind the wheel image
Source : Telegraph [Read Article] Saturday 9th of January 2016 07:30:48 PM
.... Chris Newitt, JLR’s UK sales director, said: “The ideal lead time for us is three to six months but it is likely to be six to nine months for the F-Pace. The car market is currently very healthy and very competitive. ...
City News: Majestic, China, cars and Poundland image
Source : Daily Express [Read Article] Thursday 7th of January 2016 08:58:00 PM
....The Ford Fiesta was the best seller, followed by Vauxhall Corsa, Ford Focus and Volkswagen Golf. Society of Motor Manufacturers and Traders chief executive Mike Hawes said: “The new car market defied expectations in 2015. ...
British new car sales reach record high image
Source : Guardian [Read Article] Thursday 7th of January 2016 03:58:44 PM
.... A slowdown in sales in other parts of Europe has made the UK a key market for vehicle manufacturers. Mike Hawes, SMMT chief executive, said: “The new car market defied expectations in 2015, hitting an all-time record driven by strong consumer and business confidence. ...
Ferrari shares stall on first day of trading in Europe image
Source : Telegraph [Read Article] Monday 4th of January 2016 02:09:54 PM
.... Ferrari's luxury cars have been a cash cow for FCA. The situation has been compounded by poor sales in Europe where car markets have largely stalled; slowing demand in China and Brazil; and the continuing strain of its merger with Chrysler, which completed in 2014. ...
Hyundai and Kia miss 2015 sales targets image
Source : BBC [Read Article] Monday 4th of January 2016 12:52:41 AM
....Both brands have faced stiff competition in recent years. US and Japanese rivals have been regaining lost ground in the US, while demand in emerging markets and the world's biggest car market - China - has been cooling. ...
After a bumpy year for Jaguar Land Rover, can China still drive it forward? image
Source : Guardian [Read Article] Tuesday 29th of December 2015 08:00:02 AM
....“We are also feeling pressure on the number of sales,” said Jiang, who expects his showroom to shift 1,800 cars next year – the same number as in 2014. He is right to be cautious about the outlook, but Speth reckons JLR may be about to turn a corner in the world’s biggest car market. ...
Volkswagen's European market share falls below 25% image
Source : Guardian [Read Article] Tuesday 15th of December 2015 09:22:54 AM
....8% with a buoyant Peugeot brand partially offset by weaker performance at its Citroen business. EAMA said: “The EU passenger car market recorded a very strong increase, marking the 27th consecutive month of growth. ...
China to overtake US as biggest electric car market image
Source : Telegraph [Read Article] Sunday 6th of December 2015 06:04:02 PM
. China is forecast to become the world's biggest electric car market this year, with sales estimated at 220,000 to 250,000 vehicles, the official news agency Xinhua said on Sunday, quoting the China Association of Automobile Manufacturers. ...
VW scandal pushes diesel cars into the slow lane image
Source : Guardian [Read Article] Saturday 5th of December 2015 04:00:11 PM
....There are already some signs of demand for diesel cars shrinking since VW was forced to apologise for installing “cheat devices” in 11 million vehicles. In Germany, Europe’s largest car market, demand for diesel cars was down 11% by the end of October compared with the average level this year, according to data from car buying website MeinAuto. ...
Porsche to build electric sportscar image
Source : BBC [Read Article] Friday 4th of December 2015 03:58:43 PM
. Porsche has given the green light to build an all-electric car aimed at challenging Tesla's dominance of the battery-powered sportscar market. ...
Volkswagen UK car sales plunge 20pc in the wake of 'dieselgate' image
Source : Telegraph [Read Article] Friday 4th of December 2015 09:49:43 AM
....  . Mike Hawes, SMMT chief executive, said, “November’s figures come as a reminder of the strength of the UK car market, as low interest rates and competitive finance deals continue to attract consumers to new car ownership. ...
Jaguar Land Rover issues profits warning after Tianjin explosion and investments image
....JLR’s £450m investment in its British engine manufacturing centre comes just over a year after the £500m facility was opened and will help meet demand as the firm ramps up volumes. China was Jaguar Land Rover’s fastest growing market in 2014 and Speth said demand in the world’s biggest car market was returning after the company suffered sharp declines in sales earlier this year. ...

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