UK Car Industry Investment Plummets Due To Brexit

[Quickenthetempo]

It would be better for the world if cars become more expensive and less produced. Far too many on the roads in Britain, thousands crashing everyday putting huge pressure on the emergency services, pollution huge.

Should be restricted to one car per family. Get people walking to the shops so they use local and kids walking to school for a bit of exercise.

[UpTheBeehole]

UK retail sales fall off a cliff

BREAKING: UK retail sales have suffered their sharpest monthly decline since the financial crisis.

That’s according to the CBI’s monthly survey of the UK retail sector.

It found that just 15% of retailers reported that sales volumes were up in October on a year ago, whilst 50% said they were down. That gives a rounded balance of -36%, the worst reading since March 2009 - when Britain had fallen into recession after the financial crisis.

Firms reported that sales were below average for the time of year. Suppliers have also been hit -- with orders dropping at the fastest rate since March 2009.

Rain Newton-Smith, CBI Chief Economist, blames the cost of living squeeze:

“It’s clear retailers are beginning to really feel the pinch from higher inflation.

While retail sales can be volatile from month to month, the steep drop in sales in October echoes other recent data pointing to a marked softening in consumer demand.

[Sidney1st]

In regards to crashes, self driving cars will slash the number of accidents right down.
Probably not to zero, but it should be pretty close to it.

[UpTheBeehole]

In regards to crashes, self driving cars will slash the number of accidents right down.
Probably not to zero, but it should be pretty close to it.

No one on this board will be alive when self driving cars are the norm.

[Sidney1st]

Are retail sales down whilst people wait for better sales offers for Xmas?
Could that be a mitigating factor?

[Blackrod]

People are buying less cars due to uncertainty over future resale values for petrol and diesel cars. The announcement of going all electric or hybrid has had a huge impact on sales. This aspect has nothing to do with Brexit.

[Sidney1st]

No one on this board will be alive when self driving cars are the norm.

They will be road legal in the next 10-15 years I predict.
Considering petrol and diesel cars will be banned in the UK by 2040, it's a reasonable opinion that self driving cars will appear by then.

They're already testing them in the UK, plus lorries around the world.
They're also looking at container ships that are computer controlled.
They're thinking the same for planes because pilots actually do very little hands on control of a plane once it's up in the air.

[UpTheBeehole]

People are buying less cars due to uncertainty over future resale values for petrol and diesel cars. The announcement of going all electric or hybrid has had a huge impact on sales. This aspect has nothing to do with Brexit.

What, people are not buying petrol cars now because in 23 years time brand new petrol cars won't be sold?

Don't be daft.

[UpTheBeehole]

Considering petrol and diesel cars will be banned in the UK by 2040, it's a reasonable opinion that self driving cars will appear by then..

They're not being banned in 2040, its just that manufacturers cannot sell NEW petrol or diesel cars from 2040.

They're not going to come round and tow cars away from driveways.

[Foshiznik]

Are we going to ignore the highest UK FDI inflows since 2005 or the $40bn investment from QIA, or the Investment from Deutsche Bank Google, Facebook, Apple and Snap in the last quarter?

It's not all doom and gloom. Of course, if it fits your agenda, then carry on, but it will lead to depression with your apocalyptic predictions.

[UpTheBeehole]

You don't help yourself Sidney when you make up outright lies like petrol cars will be banned.

[Sidney1st]

You don't help yourself either at times.

So I got something slightly wrong, it isn't an outright lie either.

Once the ban on new cars comes into effect it won't be long before they get rid of older ones too.

[Sidney1st]

What, people are not buying petrol cars now because in 23 years time brand new petrol cars won't be sold?

Don't be daft.

Do you read things before you answer because you're not helping yourself here?

If you're looking at purchasing a new car, would you buy a petrol/diesel or wait for a hybrid that's due in the next year or two?

Some people will wait for a hybrid, because they want the next trend or they actually care about emissions etc.

I know you're desperately wanting to blame Brexit, but not all of it can be attributed to that.

[UpTheBeehole]

Do you read things before you answer because you're not helping yourself here?

If you're looking at purchasing a new car, would you buy a petrol/diesel or wait for a hybrid that's due in the next year or two?

Some people will wait for a hybrid, because they want the next trend or they actually care about emissions etc.

I know you're desperately wanting to blame Brexit, but not all of it can be attributed to that.

23 years ago you could buy a car using leaded petrol.

Anyone worried about buying a car now because in 23 years you won't be able to buy a replacement petrol car is an idiot, or a liar.

[Sidney1st]

It may not be worrying though, this is the part you're ignoring.

They may genuinely want to change to a hybrid.

Land Rover are releasing their Hybrid model next year and I think all future models will be Hybrid.
Volvo are the same.
VW Golf hybrid will or is available.
Other manufacturers will follow.

Some people will just wait because I think the costs if buying the hybrids is reasonable.

It isn't about stupidity, it's about market trends.

[UpTheBeehole]

Hybrids have been available for years, you know.

[Sidney1st]

Yes I know and they were first thought of in the early 20th century so it isn't a new idea.

However the Prius was an ugly piece of crap and it wasn't trendy to buy a hybrid.

However now more models are available in various styles people will be more likely to buy one.
Hence my comment about market trends.

A Range Rover owner isn't going to go and buy the Mitsubishi Hybrid SUV because it isn't a Range Rover, they'll wait until RR release their model next year and buy that.

Same with Golf owners, they'll buy the Golf version because they don't want a Prius or Nissan.

[dsr]

That's your answer for everything, 'it happens'

It's happening in this case because of Brexit.

Domestic demand fell 14% in a year. British people now cannot commit to buying a new car, because of Brexit. They don't know if their employer will pull the plug in the next few years. Thy don't know if they will be able to afford to eat tariffed food. They don't know how much their mortgage payments will go up by with the inflation currently happening. They can't afford to go on holiday because of the terrible exchange rate on the desperate pound.

To coin a phrase

Wake up Sheeple.

Check the SMMT data. Domestic demand for new cars fell by 3.9%, not 14%.

https://www.smmt.co.uk/vehicle-data/car-registrations/" onclick="window.open(this.href);return false;

[Sidney1st]

Would that be Upthebeehole not helping themself here?

Our just outright lying like they've accused me of doing?

Oh well.

[UpTheBeehole]

Check the SMMT data. Domestic demand for new cars fell by 3.9%, not 14%.

https://www.smmt.co.uk/vehicle-data/car-registrations/" onclick="window.open(this.href);return false;

BIG MISTAKE

You're confusing car registrations with car manufacturing.

The table I provided is also from the SMMT, and is for manufacturing. It was released this morning.

Do keep up old chap!

[UpTheBeehole]

Would that be Upthebeehole not helping themself here?

Our just outright lying like they've accused me of doing?

Oh well.

No, dsr was wrong, as he always is.


AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

[UpTheBeehole]

UK car production reverses in September as domestic decline drives fall
26 OCTOBER 2017 #SMMT NEWS #UK MANUFACTURING
UK car manufacturing falls in September, as output declines -4.1% to 153,224 units.
Domestic demand sees biggest losses, dropping -14.2% to 31,421, while exports decrease -1.1%.
YTD production down -2.2% for the first nine months, to 1,259,509 units.
UK car manufacturing fell in September, with year-on-year output declining -4.1%, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). 6,500 fewer cars rolled off production lines than in the same month last year, with a total output of 153,224.

Production for export fell by -1.1% in line with slower growth across EU markets, but it was substantial double-digit losses in the home market which drove the overall decline. Domestic demand in the month dropped -14.2% to 31,421 units, contributing to an overall year-to-date production decrease of -2.2%.

Mike Hawes, SMMT Chief Executive, said,

With UK car manufacturing falling for a fifth month this year, it’s clear that declining consumer and business confidence is affecting domestic demand and hence production volumes. Uncertainty regarding the national air quality plans also didn’t help the domestic market for diesel cars, despite the fact that these new vehicles will face no extra charges or restrictions across the UK.

Brexit is the greatest challenge of our times and yet we still don’t have any clarity on what our future relationship with our biggest trading partner will look like, nor detail of the transitional deal being sought. Leaving the EU with no deal would be the worst outcome for our sector so we urge government to deliver on its commitments and safeguard the competitiveness of the industry.

https://www.smmt.co.uk/2017/10/uk-car-p ... ives-fall/

[Sidney1st]

If domestic demand fell by 14% then surely the number of new vehicles being registered domestically would be a similer amount?

[Sidney1st]

https://www.smmt.co.uk/2017/10/uk-car-p ... ives-fall/

Going from that image you've posted, there are regular dips in production all across it....

You're just beating yourself into a frenzy about this year with out taking into consideration other market forces.

Whether that's by choice or ignorance only you will know.

[UpTheBeehole]

More bad news from the SMMT:

CV manufacturing declines in September as demand varies at home and abroad
26 OCTOBER 2017 #CV NEWS #CV SECTOR #UK MANUFACTURING
UK production of commercial vehicles declines -26.0% to 7,208 units in September 2017.
Year-to-date output also falls, down -11.7%, with 61,233 CVs built this year.
Exports remain stable in 2017, up 3.6% so far this year, accounting for 62.1% of production.
British commercial vehicle (CV) production output fell in September, as declining business confidence affected production volumes, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). 7,208 vans, trucks, buses and coaches were built in the UK last month, a -26.0% year-on-year decline.

Domestic demand fell -32.6% in the month, with 2,710 CVs produced for the home market, echoing trends seen in UK van registration figures. Although natural fleet buying cycles can affect the timing of monthly production volumes, a recent decline in business confidence has seen further fluctuations in purchasing patterns, affecting production numbers. Meanwhile, demand from overseas markets declined -21.4%, however, the proportion of CVs built for export remains high at 62.4%.

Year-to-date production also saw a decline, with output down -11.7% to 61,233 units. However, production for export remained stable, up 3.6% in 2017 with 38,022 units shipped abroad this year – the majority to Europe.

Mike Hawes, SMMT Chief Executive, said,

Domestic demand for commercial vehicles has taken a hit in recent months and this is being mirrored in UK production figures. While fluctuating fleet orders are a natural feature of the market, the decline in business confidence, caused by economic and political uncertainty, has resulted in further disruption to manufacturing output. It is, therefore, critical government safeguards the conditions needed for this vital sector to thrive.

https://www.smmt.co.uk/2017/10/cv-manuf ... me-abroad/

[Sidney1st]

Any opinions of your own on it or you just going to post links?

Again, some companies may be keeping their vehicles longer for various reasons.

Looks like the dip in 2014 was quite severe, I didn't see you throwing a fit about that then on CM.

[UpTheBeehole]

Going from that image you've posted, there are regular dips in production all across it....

You're just beating yourself into a frenzy about this year with out taking into consideration other market forces.

Whether that's by choice or ignorance only you will know.

Mike Hawes, SMMT Chief Executive, said

While fluctuating fleet orders are a natural feature of the market, the decline in business confidence, caused by economic and political uncertainty, has resulted in further disruption to manufacturing output. It is, therefore, critical government safeguards the conditions needed for this vital sector to thrive.

That's the Chief Exec of the SMMT saying it is because of political uncertainty.

Get your head out of the sand!!!!

[UpTheBeehole]

Making yourself look a fool here aren't you Sidney?

[Sidney1st]

Get your head out of your arse then.

He could be influenced by manufacturers who want a deal with the Government like Nissan did.
He's influenced by his people.

He could well be right, but so could I.

[UpTheBeehole]

If domestic demand fell by 14% then surely the number of new vehicles being registered domestically would be a similer amount?

Well, quite clearly not. The reasons behind that are far too much for your tiny mind (which only deals in assumptions and guesswork, and not cold hard facts) to deal with.

[Sidney1st]

Making yourself look a fool here aren't you Sidney?

Not really.

I'm open to changing my mind, but I consider a wide range of reasons first.

You've gone straight to Brexit when you don't know much about the industry for starters, whereas I do.
I can see the changes to it, the new innovations and moderisation etc.

I've just presented an idea to a supercar company that they hadn't even considered for future models, I'm guessing you haven't?

[Sidney1st]

Well, quite clearly not. The reasons behind that are far too much for your tiny mind (which only deals in assumptions and guesswork, and not cold hard facts) to deal with.

Tiny mind?.... really??

Cold hard facts, which can be manipulated where required as proven by many governments.

You state there's been a 14% drop in demand in cars for the UK market, yet the number of registered cars hasn't dropped nearly half as much.
Clearly there is a middle ground that we are BOTH missing.

[Walton]

This is glorious, seeing DSR and Sidney1st get their arses handed to them.

[Sidney1st]

Handed to me about what Walton?

I merely suggested there are other reasons why sales would drop, feel free to add an opinion on here as to other reasons why, assuming you have one that isn't blaming it all on Brexit.

[UpTheBeehole]

Not really.

I'm open to changing my mind, but I consider a wide range of reasons first.

You've gone straight to Brexit when you don't know much about the industry for starters, whereas I do.
I can see the changes to it, the new innovations and moderisation etc.

I've just presented an idea to a supercar company that they hadn't even considered for future models, I'm guessing you haven't?

THE CHIEF EXEC OF THE SMMT KNOWS ABOUT THE INDUSTRY, AND HE'S SAYING IT'S BECAUSE OF BREXIT

[Sidney1st]

THE CHIEF EXEC OF THE SMMT KNOWS ABOUT THE INDUSTRY, AND HE'S SAYING IT'S BECAUSE OF BREXIT

Whilst the Banks predicted there would be a huge financial crash end of last year after the vote, that hasn't happened yet has it??


Out of interest did you know 2nd hand car sales have increased on last year?
Or doesn't that suit your agenda?

[Walton]

Handed to me about what Walton?

I merely suggested there are other reasons why sales would drop, feel free to add an opinion on here as to other reasons why, assuming you have one that isn't blaming it all on Brexit.

Not a single one of of yours, or DSR's arguments ever holds water when presented with facts, data, the truth. That's what UpTheBeehole is doing here. It's usually ImplodingTurtle who hands your arse to you, but it looks as though he's not the only one who can make you look a fool.

[UpTheBeehole]

Whilst the Banks predicted there would be a huge financial crash end of last year after the vote, that hasn't happened yet has it??


Out of interest did you know 2nd hand car sales have increased on last year?
Or doesn't that suit your agenda?

I thought everyone was waiting for Range Rover hybrids????????

What's actually happening is exactly as I said: British people cannot risk buying a new car. They're buying second hand instead.

The snippet you just provided backs that up!


What was that Ringo went through a stage of saying?

Hoist by your own petard?

[Walton]

He's running rings around you here Sidney

[Sidney1st]

Not a single one of of yours, or DSR's arguments ever holds water when presented with facts, data, the truth. That's what UpTheBeehole is doing here. It's usually ImplodingTurtle who hands your arse to you, but it looks as though he's not the only one who can make you look a fool.

I've presented alternative options about market demands and future changes in the industry.

Those things do happen, but people like to ignore it to suit themselves.

Beehole has whipped themselves into a frenzy about Brexit and isn't worth talking too until they've calmed down.

[UpTheBeehole]

To, not too.

You've made that primary school mistake a few times this morning already.

[Sidney1st]

I thought everyone was waiting for Range Rover hybrids????????

What's actually happening is exactly as I said: British people cannot risk buying a new car. They're buying second hand instead.

The snippet you just provided backs that up!


What was that Ringo went through a stage of saying?

Hoist by your own petard?

Not everyone is waiting for a Range Rover, if you read what I posted you'd know this

People could be waiting for a model that suits their requirements or needs.
Hence why I said a Golf owner would more likely buy a Hybrid Golf over a Toyota or Nissan.

[Sidney1st]

He's running rings around you here Sidney

Tying himself in knots more like.

[Sidney1st]

To, not too.

You've made that primary school mistake a few times this morning already.

So was it Chief or Cheif, that's also a fairly basic primary school mistake to make?

[UpTheBeehole]

Tying himself in knots more like.

I've got you over a barrel pal.

Squeal little piggy

[UpTheBeehole]

So was it Chief or Cheif, that's also a fairly basic primary school mistake to make?

There's a difference between a simple typo from typing too fast, and a systematic failure to know the difference between 'to' and 'too'.

Unless you've made the same swift-typing typo in multiple posts.

[Sidney1st]

It isn't always about risk, it's about what people want to buy as their next model.

I've pointed out the changes to the automotive industry and various explanations as to what I THINK could be valid reasons, market trends etc.

Beehole is busy posting links with out an original thought and fapping off about it all being the blame for Brexit.
He hasn't handed my arse to me or ran rings round me.

Beehole doesn't like my opinions, nor me using examples that are valid, they'd rather just post links to someone else's opinion instead, because that's all it is from the CHIEF of the SMMT, it's his opinion.

[Sidney1st]

There's a difference between a simple typo from typing too fast, and a systematic failure to know the difference between 'to' and 'too'.

Unless you've made the same swift-typing typo in multiple posts.

I'm going with a swift-typing typo

[UpTheBeehole]

My opinion is the same as the Chief Exec of your trade body: it's down to brexit.

That's what he said.

[UpTheBeehole]

Your opinions are wrong, by the way. Facts prove that.