Automotive production plunges as industry builds 10 million less cars December 27, 2021 Around 10 million less vehicles were produced in 2021 as a result of supply chain issues, market intelligence group LMC Automotive has revealed. According to research, the European automotive industry – which saw a 3 million shortfall in production – was among those hit the worst, while semiconductors shortages led to delays and disruption, the [...]
Automotive output falls 28.7 per cent despite EV boost December 23, 2021 The UK automotive output declined 28.7 per cent in November to 75,756 units produced. According to data from the Society of Motor Manufacturers and Traders (SMMT) released today, both domestic and overseas markets plunged, going down 18.8 and 30.4 per cent respectively. “These are incredibly worrying figures, underscoring the severity of situation facing the automotive [...]
A34 and M4 crowned the UK’s most congested roads December 21, 2021 Hampshire’s major road, the A34, was crowned today the UK’s most congested, with an average delay of 70.7 seconds per car per mile. According to Office for National Statistics data gathered between 2017 and 2020, the A34 was closely followed by Hounslow’s M4 westbound within J1 and J2, with an average waiting time of 70.1 [...]
British Lamborghinis supplier to debut on AIM with £75m listing December 20, 2021 CT Automotive will debut on London’s junior stock market with a market capitalisation of around £75m this week, after raising £33.6m in an initial public offering (IPO). The company supplies parts for the interiors of cars, such as cup holders, air vents and dashboard panels. Nissan, luxury brands including Bentley and Lamborghini and electric car [...]
Plan B “little impact” on used car price growth, data reveals December 15, 2021 The UK Government’s plan B has had little impact on either consumer demand and user car price growth. According to data from Auto Trader, between 6 and 12 December prices for used cars went up 28 per cent on a year-on-year and like for like basis – a 26.9 per cent increase compared with the [...]
Christmas Eve will be December’s busiest day of traffic, data shows December 15, 2021 Data from the AA has predicted that 23 and 24 December will be the busiest days of traffic, with 54 per cent of drivers planning to travel. Motorists are also expected to travel further, with an average of 39 miles. Despite Covid regulations allowing families and friends to be reunited, one in five drivers admit [...]
Toyota invests $35bn in EV development to rival market players December 14, 2021 Toyota has announced it will invest $35bn in the development of electric vehicles (EVs), with the aim to rival some of the market’s biggest EV player such as Tesla. The sum will be divided between vehicle development – as the automotive giant aims to sell 3.5 million battery EVs per year by 2030 – and [...]
Cyclists hit back at accusations of turning London into a congestion nightmare December 8, 2021 Charity Cycling UK has hit back against traffic information supplier Inrix linking the increase in cycling lanes to London becoming the most congested city in the world. “Inrix is focused on the tarmac available for cars, when the question should be how we use and allocate that space better, changing travel behaviours and reducing congestion [...]
UK car sales grow but industry warns troubles are not over December 6, 2021 After four months of consecutive decline, new car registrations showed signs of recovery, going up 1.7 per cent in November compared with the same time last year. According to data from the Society of Motor Manufacturers and Traders (SMMT), 115,706 cars were registered last month, with electric vehicles becoming the main drivers beyond the demand. [...]
Used car prices hit record growth in six months December 3, 2021 Used car prices have registered five years’ worth of growth in six months, with costs increasing by £3,400 since May. Data from the Auto Trader Retail Price Index has shown that used car prices – now at an average of £17,366 – have gone up 28.6 per cent on a year-on-year basis, making November the [...]
