UK van registrations fall -27.6% as global supply challenges hamper pandemic recovery New light commercial vehicle (LCV) registrations fall by -27.6% in March to 40,613 units. Registrations of large vans down -18.9%, while demand for medium-sized vans, the second biggest segment by volume, falls -27.6%. Market ends first quarter of …
Read More »Van registrations swell for summer but semi-conductor shortage concerns loom
Industry records second best ever August with 20,582 new van registrations during typically one of the quietest month in the year. New van uptake up 2.6% year to date on pre-pandemic average. Semi-conductor shortages in manufacturing still threaten production and market. The new light commercial vehicle (LCV) market saw its …
Read More »CV manufacturing up 16.9% in March, one year on from pandemic shuttering factories
6,166 vehicles manufactured in March, up 16.9% compared to lockdown-led factory shutdowns a year ago. March output remains significantly down on pre-pandemic levels, -32.2% on five-year average for the month.1 Domestic market sees bigger increase than overseas, as manufacturers adjust to new EU trading arrangements and grapple with renewed lockdown …
Read More »SMMT statement on the Budget
Mike Hawes, SMMT Chief Executive, said, “Today’s budget provides some encouragement to an automotive sector hit hard by the pandemic and additional trading costs but it falls short of the support needed to transform the industry and market to the net zero future to which both the government and industry …
Read More »UK Automotive looks to ex-military personnel to upskill industry on brink of electrification
SMMT signs Armed Forces Covenant, reaffirming importance of recruitment and retention of veterans and service leavers for automotive industry. 55 SMMT member companies already working with armed forces community, with engagement up as companies look to secure talent. Automotive sector and veterans rally during Covid crisis, deploying vehicle fleets and …
Read More »SMMT steps in to save automotive apprenticeships with new Covid salary support scheme for SMEs
SMMT Charitable Trust Fund (SCTF) announces £100,000 investment to help Covid-hit automotive businesses save apprenticeship jobs as government’s furlough scheme comes to an end. New SMMT Apprentice Support Programme now accepting applications from small and medium automotive firms from across the entire supply chain. Successful applicants will have apprentice salaries …
Read More »BITA updates Covid-19 safety protocols
The British Industrial Truck Association (BITA) – the UK trade association for manufacturers and suppliers of forklift trucks and associated components and services – has received key Government recognition for its innovative action in helping to ensure the materials handling industry remains safe and fully operational during the Covid-19 pandemic. …
Read More »Turbulent year for commercial vehicle manufacturing as output falls -7.8%
UK COMMERCIAL VEHICLE MANUFACTURING 30 January 2020 (data for December and full year 2019) British commercial vehicle production falls -7.8% in 2019, following distortions from model change-overs. Output for overseas markets down -8.4%, while production for the UK drops -7.0%. Nearly 95% of all CV exports shipped to the EU, …
Read More »UK van sector delivers £56 billion pay-packet to British workers, finds new research
One in 10 workers in the UK uses or depends on a van for their work, a total of 3.4 million people. New report finds vans contribute annual £56 billion to economy from wages alone – 11% of UK GDP.1 UK average new van CO2 down -10.4% since 2013, highlighting …
Read More »SMMT new van registrations
New van market grows 8.6% in January New light commercial vehicle (LCV) market posts 8.6% increase in first month of the year. Double-digit increases in demand for small vans and pickups, up 31.7% and 13.4% respectively. New models and deals help January bounce-back following weak December. The new light commercial …
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