UK vehicle production constraints continue in May
🚗🚚New car and commercial vehicle production volumes fall, by -32.8% as multiple challenges beset industry
🇺🇸US share of exports shrinks prior to government securing new agreement with biggest single market
🔋Industry welcomes Industrial Strategy as crucial foundation for recovery, with rapid implementation and action on energy costs critical to restoring competitive edge
https://t.co/mqNANBspc9
Mike Hawes, CEO of the SMMT said on Monday that the deal was “a huge relief for the U.K. automotive companies that export to this critically important market.”
“It immediately slashes the punitive tariffs that brought the US export market to a standstill and threatened the viability of some of the most famous names in British manufacturing,”
Car manufacturer Jaguar Land Rover says the deal “secures greater certainty for our sector” after import charges were lowered from 25% to 10% on the first 100,000 exports.
https://t.co/e5ChLfnP8y
Uncertain future for motor claims market as key trends collide - I Love Claims - @SellP76 presents @TrendTrackerII data at the recent @iloveclaims Round Table event 📊 https://t.co/oz1Aih4PKy
We have been reporting increased levels of total losses, particularly repairable vehicles, for some time – something which is (we understand) starting to be addressed between insurers and repairers here in the UK
#TrendTracker#motorclaims
Motor claims hit record £11.7 billion in 2024 | ABI
@TrendTrackerII are now working with the @The_ABI_UK to bring data into the TT reports https://t.co/Xwre7SzMSZ
The modern car has approximately 25 x more lines of code than a Boeing 777. The skills required to maintain modern vehicles are vastly different to 10/20 years ago and the workforce needs to keep up with that.
https://t.co/CURDIxS2z8
… Not to mention raising the profile of our industry to attract more young people into the repair industry.”
View 'The UK Motor Claims and Body Repair Report 2024-25' via
https://t.co/VXT1AThnOU
TREND TRACKER – TRENDS TO WATCH OUT FOR IN 2️⃣ 0️⃣ 2️⃣ 5️⃣
Happy 2025 to all our Trend Tracker subscribers: a year that looks set to deliver a raft of changes, some challenges but, promisingly, several opportunities for those willing to embrace the changes and track the trends!
“Painful so it may appear for smaller groups and independent shops to see consolidation (which I get and appreciate), it is required to improve the economics of commercial contracts with clients and to lead innovation and investment…