UK car production drops by a quarter in January

20/03/2021 / Comments 0 / 341 / News 2021
UK car production drops by a quarter in January
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The headline can either be interpreted as good news or bad news, depending on where you are placed in the UK car industry. It’s obviously bad news for the car manufacturers and could be great news for the consumers because the harder it is to sell brand new cars, the more likely you’ll be able to take advantage of a drop in prices and better deals overall.

January marks the 17th consecutive month of decline in output in the car manufacturing sector. And the major factor causing this is the Covid virus which is finally starting to show signs of almost being under control, but still a way to go. The problem is also connected to post-Brexit trade agreements, with delays in supply chains and cuts made in the parts suppliers with numerous factory closures.

Government intervention

The upcoming UK budget presented by Chancellor Rishi Sunak will lay out measures to boost the sector by supporting competitiveness, increasing jobs, and creating an upturn in livelihoods.

Some good news for the environment is, more than one in four cars now leaving the factories are being built to run on alternative and sustainable fuels. Vauxhall’s parent company, Stellantis is currently in talks with the UK government regarding incentives for the manufacturing of fully electric cars, which will provide jobs for at least 1,000 people. The alternative is if an agreement is not made that they may choose to close the factory instead.

There are concerns in some sectors of the UK car manufacturing industry about the decision to bring forward the ban on new petrol and diesel cars to the year 2030.

A government spokesperson announced recently that it was “committed to ensuring the UK continues to be one of the best locations in the world for automotive manufacturing.”

“We’re doing all we can to protect and create jobs while securing a competitive future for the sector.”

Some good news for the consumers

This will probably have a knock-on effect on the used car market, so there’s probably no better time to look around for bargains, especially online. One such place which offers a one-stop-shop service for all our customers is Best Price Car Sales. As an established family-run used car and used van business, we are able to provide full contactless service nationwide. This is from the first point of contact through either our social media outlets or on a website. We are able to offer a full range of high-quality used cars, which are all HPI checked, fully serviced, and inspected by a team of mechanics. Each used car or used van is also fully sanitised and will come with an up-to-date MOT.

Our service also involves virtual video tours of your chosen vehicle and free nationwide delivery to either your home or place of business. We even offer an over-the-phone part exchange service, so we can offer you a fair price and help reduce the cost of your newly purchased used car or used van.

To find out more about our current deals and offers, call us now on 02382 549 222 and speak to one of our friendly advisors, or click here now to get an instant decision for car finance or ask us about buying your used car with cryptocurrency today.

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