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CARS AND COMMERCIAL VEHICLES - UK - JULY 2018

Published By :

Mintel

Published Date : Jul 2018

Category :

Industry Profile

No. of Pages : N/A

The cars and commercial vehicle market contracted in 2017 amidst political and economic uncertainty and the decline of diesel. This followed two years of bumper sales and production. Last year’s slump was underpinned by low domestic demand, which fell in line with wavering business and consumer confidence.
Nonetheless, there remain clear pockets of growth, with strong growth in the alternatively-fuelled vehicle sector and luxury exports, particularly in North America and the Far East. However, the market is expected to weaken further in 2018 due to economic pressures, subdued investment and the need for the UK to reposition itself in the global trade arena.

Table of contents
OVERVIEW
What you need to know
Covered in this Report
EXECUTIVE SUMMARY
The market
Following record sales in 2016, the industry is set to face a period of difficulty
Figure 1: UK total vehicle registrations and forecast, 2013-2022
Production fell in 2017
Figure 2: Total vehicle production, 2013-2017
Decline in diesel and the rise of alternatively-fuelled vehicles
Figure 3: Decline in diesel and growth in AFV registrations, 2013-2017
The global market
Low consumer confidence
Companies and brands
Expansion of electric offerings
Heavy investment in Chinese market
What we think
ISSUES AND INSIGHTS
Brexit and potential trade barriers
The facts
The implications
Demonisation of diesel
The facts
The implications
THE MARKET – WHAT YOU NEED TO KNOW
Total vehicle registrations and production fell in 2017
Alternatively-fuelled vehicles continue to enjoy uptake
The market is set to face a period of great uncertainty
MARKET SIZE
Registrations
Figure 4: Total vehicle registrations, 2013-2017
Production
Figure 5: Total vehicle production, 2013-2017
MARKET SEGMENTATION
Passenger cars
Figure 6: Passenger car registrations and production, 2013-2017
Commercial vehicles
Figure 7: Commercial vehicle registrations and production, 2013-2017
Alternatively-fuelled vehicles
Figure 8: Alternatively-fuelled vehicles registrations, 2013-2017
MARKET FORECAST
Industry set to face a period of uncertainty
Figure 9: UK vehicle registration forecast, 2018-2022
Commercial vehicles to be less impacted
Cars
Commercial vehicles
Figure 10: UK vehicle registration forecast, by cars and commercial vehicles, 2018-2022
The decline of diesel
Figure 11: UK forecast for new diesel cars, 2017-2019
Correlating growth in AFVs
THE IMPACT OF THE ECONOMY
Inflation surpassed wage growth in 2017, but there are signs of change in 2018
Growing scrutiny on car financing
MARKET TRENDS
Consumer confidence
Figure 12: Mintel financial confidence tracker, January 2016-April 2018
Further Vehicle Excise Duty increases
Figure 13: Vehicle Excise Duty, April 2017-April 2018
Growth in the fleet sector
Figure 14: Car registrations by sales type, % of total, 2017
The global market
Figure 15: UK top car export destinations, 2017
COMPANIES AND BRANDS – WHAT YOU NEED TO KNOW
Consecutive growth across Infrastructure
The move to electric and the phasing out of diesel
Mergers and Acquisitions
INDUSTRY STRUCTURE
Industry Development
Changes in the structure of the industry
Figure 16: Analysis of changes in the structure of the cars and commercial vehicles industry, by number of outlets and businesses, 2013-2017
Structure by turnover
Figure 17: Analysis of the financial structure of the cars and commercial vehicles industry, by turnover and number of businesses, 2016 and 2017
Structure by employment
Figure 18: Analysis of the employment structure of the cars and commercial vehicles industry, by number of businesses, 2016 and 2017
COMPETITIVE STRATEGIES
Electric vehicles
Growing Chinese interest
Plans to phase out diesel engines
COMPANY PROFILES
Daimler UK
Recent company activity
Financial information
Figure 19: Financial analysis of Daimler, 2013-2017
Ford Motor Co Ltd
Recent company activity
Financial information
Figure 20: Financial analysis of Ford Motor Co Ltd, 2012-2016
Peugeot Motor Company Ltd
Recent company activity
Financial information
Figure 21: Financial analysis of Peugeot Motor Co Ltd, 2012-2016
Volkswagen Group UK Ltd
Recent company activity
Financial information
Figure 22: Financial analysis of Volkswagen Group UK Ltd, 2012-2016
Volvo Group UK Ltd
Recent company activity
Financial information
Figure 23: Financial analysis of Volvo Group UK Ltd, 2012-2016
APPENDIX – DATA SOURCES, ABBREVIATIONS AND SUPPORTING INFORMATION
Abbreviations
Methodology
FURTHER SOURCES AND CONTACTS
Trade associations
Trade magazines
Trade events

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