Around 5,300 cars were produced by UK factories in May compared to 116,000 in the same month a year ago, latest industry figures have confirmed. Motor manufacturing fell by 95.4 per cent last month, with vehicle plants ‘severely held back by social distancing requirements and reduced demand’, said trade body, Society of Motor Manufacturers and … Read more
Three in 10 motorists could hold back new car purchases in the hope the Government will introduce new purchase incentives amid talk of a scrappage scheme, a survey suggests. Many are delaying a trip to the showroom in case a taxpayer backed scrappage scheme is introduced, as rumoured last week, the comprehensive survey of 6,500 … Read more
The Society of Motor Manufacturers and Traders (SMMT) has been in confidential talks with the government over a possible £1.5 billion scrappage scheme to kick-start the new car market, a leaked letter sent to ministers has revealed. The trade body said a ‘market stimulus package’ would need to encourage the purchase of diesel and petrol … Read more