Used cars holding value, but price growth eases in Q1

Despite challenging market conditions, not least ongoing fuel type confusion and the consumer uncertainty surrounding Brexit, used cars continue to hold their value, with the average sticker price of a second-hand car increasing 2.3% in March (£12,843). However, according to the latest findings from the Auto Trader Retail Price Index, it marks … Continue reading

Growth in UK CV production continues in March

British commercial vehicle (CV) production increased by 24.5% in March to 9,098 vehicles, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). The growth, which follows a -8.8% decline in March 2018, was stimulated by strong market incentives combined with upcoming key model changes. The … Continue reading

British engine manufacturing down -6.3% in March

UK ENGINE MANUFACTURING British engine production down -6.3% in March with 244,201 units manufactured. Demand at home and abroad down -14.1% and -1.5% respectively. Q1 output down -7.6% overall driven by double digit -15.1% fall in domestic market. Mike Hawes, SMMT Chief Executive, said, “An eleventh successive month of decline in … Continue reading