The UK automotive market is no stranger to disruption, having weathered changing consumer preferences, environmental legislation, and the shift toward electrification. However, the rise of Chinese automotive brands represents a unique opportunity for UK car dealers. One thing is clear: disruption creates opportunity, and successful businesses will seize these opportunities to drive growth. According to recent surveys, dealers believe that ...
Read More »Honda and Nissan hold merger talks
Honda and Nissan are reportedly in talks for a merger aimed at enhancing their competitiveness in the electric vehicle market. According to a report by the Japanese newspaper “Nikkei,” the two companies are planning to sign a memorandum of understanding aimed at exploring the establishment of a new holding company. This move is seen as a strategic effort to make ...
Read More »Poor car sales and steep prices point to ‘deep-rooted’ problem in Europe
Carmakers across Europe need to cut prices to boost sales volumes in a mature market under pressure from Chinese carmakers and the EU Mandate. That’s the view from Jato Analytics which said concerns “are mounting over the survival of Europe’s automotive industry” if manufacturers are unable to find ways to reduce their prices. Car sales in Europe are in ...
Read More »Steve Young Blog: Is the sun setting on global automotive?
I feel fortunate to have spent most of my working career in a period when the automotive industry and the world at large have been pursuing a path of globalisation. As a car enthusiast I can look back or see at classic car shows examples of products that were very much a reflection of the culture of a specific country ...
Read More »Steve Young Blog: Back to the uphill struggle!
As we come into September it marks the end of the holiday season and the return to work. I hope that everyone reading this blog has found time to get some rest and relaxation and to recharge your batteries. Batteries of a different sort are clearly having an effect on many in the industry as electrification is forced onto a ...
Read More »European demand for BEVs slowed in H1
European demand for BEVs slowed in H1 as Tesla and Volkswagen lost ground to BMW and Chinese OEMs. JATO Dynamics’ data for 28 European countries revealed that new passenger car registrations increased by just 4.4% between January and June 2024, compared to the same period last year, with volume increasing from 6,559,213 units in H1 2023, to 6,847,842 units in ...
Read More »Steve Young Blog: What difference will tariffs make?
I had some time off last week in order to complete various bits of work around our house. I won’t bore you here with all the challenges faced but I was reminded of discussion I had many years ago with Sir John Egan, the former Chief Executive of Jaguar Cars, who then went on to the same position at the ...
Read More »Snows take on Chinese BYD franchise in Basingstoke
Snows Motor Group has taken on the Chinese BYD brand in Basingstoke, joining its BYD dealership in Southampton. The new showroom is next to Snows’ existing Peugeot dealership in Aldermaston Road South. BYD models currently available in the UK – Dolphin, Atto 3 and Seal – are on display and the Seal U DM-i – a plug-in hybrid SUV is ...
Read More »Chinese cars account for 19% of BEV sales across Europe in May
Chinese cars accounted for one in five (19%) BEVs sold in Europe in May, according to JATO Dynamics’ data for 28 European markets. Felipe Munoz, Global Analyst at JATO Dynamics, since the global pandemic, the European car market has only recovered to 75%-80% of its original size. “As a result, many factories across Europe are not operating at full capacity, ...
Read More »European Union to impose tariffs on Chinese cars
The EU is expected to announce today it is imposing tariffs on Chinese cars coming to Europe, according to reports. The EU is said to have notified car makers that it would apply additional duties of up to 38.1% on imported Chinese electric vehicles from next month, according to Reuters. This follows hard on the US imposing 100% tariffs on ...
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