Motor Trade Insurance

Engine Production Falls Dramatically In The UK

June 5, 2020 by Logan Biggs

Those of you running a business in the motor trade industry will not be surprised to read that the number of motor engines produced in the UK fell dramatically in April in comparison to the same month last year. According to data produced by the Society of Motor Manufacturers and Traders (SMMT), the number of engines built this April only amounted to 830 whereas in April 2019 the figure was 178,022 โ€“ a drop of 99.5%.

Only 49 engines were manufactured for the UK market in April 2020 compared to 51,465 in the previous year and 781 were built for export in April 2020 compared to 126,557 in April 2019.

The above figures make for bleak reading but it is probably only to be expected in view of the coronavirus pandemic. It will be interesting to see what long-term impact COVID-19 has and how long it will take for the motor trade industry to recover to a reasonable level.

It is also once again disappointing to read that the number of new cars registered in May 2020 fell significantly when compared with May 2019. Only 20,247 new cars were sold in May compared with 183,724 in the same month last year. That is a huge reduction of 89%. On a year to date basis to May 2020, there were 508,125 new cars sold whereas for the same period to May 2019 the figure was 1,045, 824 โ€“ a drop of 51.4%.

In May 2020, there were 11,150 new petrol cars sold and 3,448 new diesel cars sold with the rest being made up of electric vehicles.

The top selling new car in May 2020 was the Tesla Model 3 with 852 being sold. In second place was the Vauxhall Corsa with 790 and in third spot was the Ford Fiesta with 760 being registered. On a year to date basis to May 2020, the top selling new car was the Ford Fiesta with 16,712 being sold, in second place was the Volkswagen Golf with 14,847 being sold and in third place was the Ford Focus with 14,594 being bought.

The number of new vans being registered in May 2020 in the up to 3.5 tonnes categories makes for poor reading with 7,541 sold whereas in May last year the figure was 29,142 โ€“ a drop of 74.1%.

With the recent easing of the pandemic lockdown allowing motor showrooms to re-open from the 1st June 2020 it is to be hoped that an improvement in all the above figures are seen in June 2020 and beyond.

No Comments »

No comments yet.

Leave a comment

Mailing List

To get the latest news and offers from MTI, enter your email below.

Subscribe to the Mailing List
FacebookTwitterGoogle PlusLinked In