Monday, July 28, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
The first half of 2020 was brutal for the UK auto industry

The first half of 2020 was brutal for the UK auto industry

by admin
January 7, 2021
in Market
0 0
0
Share on FacebookShare on Twitter


LONDON — British new automotive gross sales fell practically 30% final 12 months of their largest annual drop since 1943 as lockdowns to curb the unfold of the coronavirus hit the sector, an trade physique stated on Wednesday.

Demand stood at 1.63 million automobiles in 2020, in accordance with knowledge from the Society of Motor Producers and Merchants (SMMT). It was significantly laborious hit by a 97% fall in April, the primary full month of a nationwide lockdown.

Dealerships regularly reopened in June on differing dates throughout the UK’s 4 nations.

“We misplaced practically three quarters of 1,000,000 models over three or 4 months, which we by no means received again,” stated SMMT Chief Govt Mike Hawes.

Showrooms in England have been closed once more throughout a second lockdown in November however many have been higher ready with “click on and gather” choices, permitting extra purchases, however nonetheless resulting in a 27% year-on-year droop.

The efficiency leaves new automotive gross sales at their lowest degree since 1992, and struggling the largest drop since 1943, when gross sales fell by greater than 90%.

Then, Britain was preventing World Conflict II and trade was repurposed for the struggle effort.

In 2020, diesel automotive registrations greater than halved, whereas practically 30% of gross sales have been electrical, hybrid and delicate hybrid automobiles as Britain introduced ahead a ban on the sale of recent combustion engine-only automobiles to 2030.

The sector was additionally awaiting a commerce take care of the European Union. An settlement was reached on Dec. 24, which means quick tariffs and disruption have been prevented, however the sector has warned of further prices.

The automotive sector, like others, now faces the problem of recent lockdowns introduced in England and Scotland this week.

The SMMT expects gross sales to be beneath 2 million this 12 months, with the sector nervously looking forward to March, one of many prime two promoting months of the 12 months because of the change within the license plate sequence.

“The place the trade is targeted in the intervening time, is what do we have to do to attempt to maintain gross sales … maintain manufacturing over the subsequent two to a few months, particularly with March being such a crucial month for the trade and that may undoubtedly be affected,” stated Hawes.

 





Source link

Tags: AutobrutalIndustry

Related Posts

Tariffs Have Cost VW Group .5 Billion: ‘Negative Impact’
Market

Tariffs Have Cost VW Group $1.5 Billion: ‘Negative Impact’

July 26, 2025
Trump Just Struck a ‘Massive’ Trade Deal With Japan. Here’s Why Detroit Is Furious
Market

Trump Just Struck a ‘Massive’ Trade Deal With Japan. Here’s Why Detroit Is Furious

July 24, 2025
GM Took a .1 Billion Hit in Profits Thanks to Tariffs
Market

GM Took a $1.1 Billion Hit in Profits Thanks to Tariffs

July 22, 2025
Tariffs Are Already Killing New Cars Under ,000: Study
Market

Tariffs Are Already Killing New Cars Under $30,000: Study

July 19, 2025
Mercedes EQ Models Just Got Way Cheaper
Market

Mercedes EQ Models Just Got Way Cheaper

July 18, 2025
2026 Hyundai Palisade Price
Market

2026 Hyundai Palisade Price

July 15, 2025
Load More
Next Post
1963 190SL Sparkles and Shimmers

1963 190SL Sparkles and Shimmers

Norway becomes first country where EVs outsell combustion cars

Norway becomes first country where EVs outsell combustion cars

Categories

  • Auto News (3,426)
  • Automative Reviews (1,942)
  • Car Brands (2,068)
  • Insurance (3,451)
  • Market (1,610)
  • New Cars (2,170)
  • Technology (2,046)
  • Videos (2,145)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • Musk says Samsung will produce Tesla’s AI6 chip at US plant, ETAuto
  • ‘Mixed bag’ for legal reforms as La. legislative session ends | Louisiana Record
  • Mercedes-AMG A-Class Edition Rs revealed
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In