DWF logo

Search

DWF logo

            Clarity, consistency, confidence and economic stability are required to turn around the UK car market

            Jonathan Moss, Head of Transport at DWF, comments on the 2019 car registrations figures published by the SMMT. He said:

            Date: 06/01/2020

            "Clarity, consistency, confidence and economic stability are required to turn around the fortunes of the UK new car market. The UK new car market declined in 2019, with annual registrations falling for the third consecutive year, representing a -2.4% decline. Registrations from consumers are down -3.2%. 

            "The car market has continued its downward trend, reacting to a series of adverse factors including geopolitical pressures, weak business and consumer confidence and confusion over rules relating to clean air zones.

            "New CO2 emission standards are being introduced in 2021 and consumers are holding off from making purchases, unclear about which cars to buy. Electric vehicles are too expensive. Manufacturers need to deliver electric vehicles at affordable prices for the mass market. With Brexit on the horizon, there is continued uncertainty within British car manufacturers about what tariffs will be imposed on car components which need to be imported from the EU. The changing face of car ownership and the increasing popularity of ride hailing is exacerbating this downward spiral meaning that car manufacturers in the UK will be feeling the heat for some time."     
             

            Related people

            Jonathan Moss

            • Partner // Head of Transport Sector // Head of Marine & Trade

            We use cookies to give you the best user experience on our website. Please let us know if you accept our use of cookies.

            Manage cookies

            Your Privacy

            When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. We mainly use this information to ensure the site works as you expect it to, and to learn how we can improve the experience in the future. The information does not usually directly identify you, but it can give you a more personalised web experience.
            Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change permissions. However, blocking some types of cookies may prevent certain site functionality from working as expected

            Functional cookies

            (Required)

            These cookies let you use the website and are required for the website to function as expected.

            These cookies are required

            Tracking cookies

            Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

            They may also be used to personalise your experience on our website by remembering your preferences and settings.

            Marketing cookies

            These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.