Glencore invests in Britishvolt’s electric battery gigafactory plans August 17, 2021 Mining giant Glencore is investing in the battery start-up Britishvolt and its construction of a gigafactory to support the UK’s car industry transition to electrical vehicles. As part of the partnership, Glencore will also supply cobalt, one of the key raw materials used in electric batteries, the Financial Times reported. As the biggest producer of [...]
Motorways and A-roads to benefit from £200m injection amid staycation boom August 9, 2021 The government is set to inject £200m into improving motorways and major A-roads in the southwest of England, so Brits can have smoother rides to see long-missed families. Now domestic travel restrictions have eased, Brits are well on their way to seeing the family and friends they had missed over the previous 15 months of [...]
UK shoppers sticking with online shops despite restrictions relaxing June 29, 2021 Online e-commerce sales continued to grow in April, despite the reopening of non-essential retail across the UK. Demand for e-commerce packaging, a barometer for industry and sector performance, grew 11.7 per cent in April, despite brick-and-mortar shops reopening in the same month. This followed a 35.6 per cent increase in demand in the year up [...]
European car sales soar 250 per cent after lockdown May 19, 2021 European car sales soared back from lockdown lows last month, new figures from continental auto body ACEA showed today. Sales across the EU, EFTA, and UK rose 256 per cent altogether, rising from just over 292,000 cars last April to nearly 1.1m a year on. The massive rise is down to the fact that a year [...]
Europe car sales pick up speed in March to erase early-year declines April 16, 2021 Europe’s monthly car sales leaped 63 per cent in March as markets overcame Covid restrictions to recover from a pandemic crash, according to new data. Registrations in the EU, EFTA and UK markets rose to 1.39 million year-on-year, data from industry association ACEA showed on Friday. The resurgence erased an early-year decline to shoot sales [...]
New car sales sunk in November, but more UK drivers buying electric and hybrid vehicles December 4, 2020 New car sales sunk in November, but more UK drivers choosing electric and hybrid vehicles
UK car sales sink 35 per cent in June despite post-lockdown restart July 6, 2020 UK new car sales plunged a third in June despite the easing of lockdown measures, new data showed today, after worse falls in April and May. New car registrations sank 34.9 per cent in June year on year, according to the Society of Motor Manufacturers and Traders (SMMT). But that marked what the body called [...]
Coronavirus: UK car sales suffer worst May performance since 1952 June 4, 2020 UK new car sales crashed 89 per cent last month as car dealerships remained shuttered, marking the industry’s worst May performance since 1952. Only 20,247 new cars were sold over the month — a decline of 163,477 compared to the same month last year, according to new figures from the Society of Motor Manufacturers and [...]
SMMT: UK car sales plunge to six-year low despite electric growth January 6, 2020 British car sales slumped to a six-year low in 2019, as widespread economic uncertainty put the brakes on an industry whose only glimmer of hope came in the form of record electric vehicle sales. New car registrations fell two per cent to 2.31m last year, according to the Society of Motor Manufacturers and Traders (SMMT), [...]
Britain’s car industry could weather a storm of tariffs better than you’d think September 18, 2019 The latest American Economic Review contains a timely paper. Keith Head and Thierry Mayer, at the University of British Columbia and the Banque de France respectively, estimate the consequences of changes in tariff and non-tariff barriers to the car industry. They look at both US-led protectionism and Brexit, and calculate how these might change the [...]