Sunday, June 15, 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

The Ford Mustang GTD Is Even More Expensive Than We Thought
Market

The Ford Mustang GTD Is Even More Expensive Than We Thought

June 13, 2025
Used Car Prices Are Spiking, Except For EVs
Market

Used Car Prices Are Spiking, Except For EVs

June 14, 2025
VW Wants ,000 for a Hatchback With 94 HP
Market

VW Wants $32,000 for a Hatchback With 94 HP

June 12, 2025
The Ford Bronco Raptor Just Got a Huge Price Cut
Market

The Ford Bronco Raptor Just Got a Huge Price Cut

June 11, 2025
BMW Will Start Hiking Prices In July
Market

BMW Will Start Hiking Prices In July

June 9, 2025
Bollinger Motors Has Been Saved From the Brink of Death
Market

Bollinger Motors Has Been Saved From the Brink of Death

June 5, 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 (3,369)
  • Automative Reviews (1,899)
  • Car Brands (2,025)
  • Insurance (3,375)
  • Market (1,592)
  • New Cars (2,113)
  • Technology (1,985)
  • Videos (2,102)
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

  • PFM Crypto Unveils Free Crypto Mining for BTC, Doge and XRP: How Beginners Can Start Crypto Mining – Insurance Industry Today
  • Why Does A Small Crack On the Roof Mean A Total Loss?
  • Laura Major Appointed CEO of Motional as Hyundai Expands US Investments, ET Auto
  • 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