2020
9
UK Cars and Commercial Vehicles Market Report 2020
2020-08-27T15:50:08+01:00
OX988730
1495
123190
[{"name":"Automotive","url":"https:\/\/store.mintel.com\/industries\/transport\/automotive"}]
Report
en_GB
“COVID-19 has resulted in the largest decline in the production of cars and commercial vehicles since 1946. The speed of recovery will depend on the duration and extent of the…

UK Cars and Commercial Vehicles Market Report 2020

£ 1,495 (Excl.Tax)

Report Summary

Everything you need to make the right decisions

Providing the most comprehensive and up-to-date information and analysis of the Cars and Commercial Vehicles: Inc Impact of COVID-19 – UK market, and the behaviours, statistics, preferences and habits of the consumer.

Mintel has the answers you’re looking for

What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?

Covered in this report

Prior to COVID-19, the cars and commercial vehicles market was facing significant challenges. Factors such as Brexit and international trade tensions both triggered uncertainty, reducing business investment and leading to slower economic growth. This impacted adversely on new vehicle registrations. Cars in particular have fared badly helping bringing about a decline in sales in recent years.

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Expert analysis from a specialist in the field

Written by Francesco Salau, a leading analyst in the Automotive sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.

COVID-19 has resulted in the largest decline in the production of cars and commercial vehicles since 1946. The speed of recovery will depend on the duration and extent of the recession that will inevitably follow, as consumers will hold off on big ticket purchases and businesses will postpone or decide against updating their fleets. Francesco Salau
Automotive Analyst

Table of Contents

  1. Overview

    • What you need to know
      • Key issues covered in this Report
        • Definitions
        • Executive Summary

            • The market
              • Figure 1: UK new car registration market forecast, pre- and post-COVID-19, 2019-24 (thousands)
            • Impact of COVID-19 on cars and commercial vehicles
              • Figure 2: Expected impact of COVID-19 on cars and commercial vehicles, short, medium and long-term, 11 June 2020
            • Market size and segmentation
              • Figure 3: Number of passenger cars registered and produced, 2010-19 (units)
              • Figure 4: Number of commercial vehicle registered and produced, 2010-19 (number of commercial vehicles)
            • Market trends and drivers
              • Figure 5: UK business Investment excluding exceptional transfers, Q4 2015 – Q4 2019 (£ million)
            • Companies and brands
              • Figure 6: Newly registered cars by fuel type, % share of market, Great Britain, 2013-20
            • What we think
            • The Impact of COVID-19 on Cars and Commercial Vehicles

              • Short, medium and long-term impact on the industry
                • Figure 7: Expected impact of COVID-19 on cars and commercial vehicles, short, medium and long-term, 11 June 2020
              • Short term
                • Medium term
                  • Long term
                    • Opportunities and threats
                      • Impact on the cars and commercial vehicles market
                        • Manufacturing grinds to a halt
                          • Figure 8: New UK passenger car registrations, year to 30 April, 2018/19 and 2019/20 (units)
                        • Registrations to experience a record decline in 2020
                          • Figure 9: UK new passenger car registrations forecast, pre- and post-COVID19, 2019-24 (thousands)
                        • How a COVID-19 recession will reshape the cars and commercial vehicles market
                          • Youth unemployment presents a huge risk
                            • Brexit and COVID-19 may make the UK less attractive to manufacturers
                              • The share of electric vehicles on UK roads will surge
                                • COVID-19: UK context
                                • Issues and Insights

                                  • Collapse of activity due to COVID-19 poses problems for component suppliers
                                    • The facts
                                      • The implications
                                        • Better technology, infrastructure and model range will bring EVs to the mainstream
                                          • The facts
                                            • The implications
                                            • The Market – What You Need to Know

                                              • Slower economic growth home and abroad add to pressure on the automotive sector
                                                • Car sales bear the brunt of industry decline, while ecommerce drives long-term LCV uptake
                                                  • Pandemic aftereffects and Brexit to hamper post-2020 registration recovery
                                                    • Market headwinds not enough to stop incoming EV revolution
                                                    • Market Size

                                                      • The cars and commercial vehicles market in 2019
                                                        • Loss of private buyers is a key reason behind falling new car sales
                                                          • Figure 10: UK new registrations of cars, 2014-19
                                                        • Decline in car production intensifies relative to registrations
                                                            • Figure 11: Number of passenger car registered and produced, 2010-19 (units)
                                                          • Commercial vehicle segment retains stability despite worsening conditions
                                                            • Figure 12: Number of commercial vehicle registered and produced, 2010-19 (units)
                                                        • Market Segmentation

                                                          • Car registrations and production
                                                              • Figure 13: New UK passenger car registrations, year to April, 2018/19 and 2019/20, (units)
                                                              • Figure 14: Number of cars produced by top five UK-based car manufacturers, by brand, 2013-2018 (units)
                                                            • Commercial vehicle registrations and production
                                                                • Figure 15: New LCV registrations, year to April, 2018/19 and 2019/20, (units)
                                                                • Figure 16: Number of cars produced by top five UK-based commercial vehicle manufacturers, by brand, 2013-2018, (units)
                                                              • Declining exports reflect growing wariness over the viability of UK-based production
                                                                  • Figure 17: Number of passenger cars sold domestically and exported internationally, 2010-19, (thousands)
                                                                  • Figure 18: Number of CVs sold domestically and exported internationally, 2010-19, (thousands)
                                                              • Market Forecast

                                                                • COVID-19 aftermath will drive down registrations in the medium term
                                                                    • Figure 19: UK new car and light vehicle registrations forecast, pre- and post-COVID19, 2019-2024, (thousands)
                                                                • Market Trends

                                                                  • Development and adoption of electric vehicles
                                                                      • Figure 20: Newly registered cars, by fuel type, Great Britain, 2013-20, (% market share)
                                                                      • Figure 21: Types of AFV, 2013 -19, (% of all AFV car registrations)
                                                                    • EV infrastructure
                                                                        • Figure 22: Number of UK public EV charging connectors, 2011-2019, (number)
                                                                        • Figure 23: Number of EVs per charging connector, by region, 2019, (units)
                                                                    • Market Drivers

                                                                      • Impact of Brexit
                                                                        • Figure 24: UK business Investment excluding exceptional transfers, Q4 2015 – Q4 2019, (£ million)
                                                                      • State-supported ‘Road to Zero’ will enable faster EV uptake
                                                                        • ‘Dieselgate’ may have sped the end of traditional engines
                                                                          • Figure 25: Newly registered cars by fuel type, Great Britain, 2013-20, (% market share)
                                                                        • Car hire remains a popular alternative to car ownership
                                                                          • Figure 26: UK short-term car rental, by volume (private and corporate), 2014-19 (millions)
                                                                        • Car sharing has seen a dramatic expansion in use
                                                                          • Figure 27: Car club vehicle and membership growth, 2009 and 2019
                                                                        • Other alternatives are also available
                                                                          • Private hire taxis have increased their presence
                                                                            • Figure 28: Total licensed taxi and private hire vehicles (England and Wales), 2009-19 (thousands)
                                                                        • Companies and Brands – What You Need to Know

                                                                          • SMEs could become weak link due to pandemic disruption
                                                                            • Electrification is a top priority for market leaders
                                                                            • Industry Structure

                                                                                • Changes in industry structure
                                                                                    • Figure 29: Changes in the industry structure of motor vehicle manufacturing activities, 2015-19, (number of businesses and outlets)
                                                                                  • Structure by employment
                                                                                    • Figure 30: Changes in the employment structure of motor vehicle manufacturing activities, by employment band, 2018 and 2019, (number of outlets)
                                                                                  • Structure by turnover
                                                                                    • Figure 31: changes in the turnover structure of motor vehicle manufacturing activities, by turnover band, 2018 and 2019, (number of businesses)
                                                                                • Company Profiles

                                                                                  • BMW (UK) Manufacturing
                                                                                    • Response to COVID-19
                                                                                      • Recent company activity
                                                                                        • Financial information
                                                                                          • Figure 32: Financial analysis of BMW (UK) Manufacturing Ltd, 2014-2018
                                                                                          • Figure 33: BMW (UK) passenger car production volume, 2014-19, (units and % annual change)
                                                                                        • Honda of the UK Manufacturing
                                                                                          • Response to COVID-19
                                                                                            • Recent company activity
                                                                                              • Financial information
                                                                                                • Figure 34: Financial analysis of Honda of the UK Manufacturing Ltd, 2015-2019, (% growth and £ million)
                                                                                                • Figure 35: Honda UK passenger car production volume, 2014-19, (units and % annual growth)
                                                                                              • Jaguar Land Rover
                                                                                                • Response to COVID-19
                                                                                                  • Recent company activity
                                                                                                    • Financial information
                                                                                                      • Figure 36: Financial analysis of Jaguar Land Rover Ltd, 2014-2018, (% growth and £ million)
                                                                                                      • Figure 37: Jaguar Land Rover passenger car production volume, 2014-19, (units and % annual change)
                                                                                                    • Nissan Motor Manufacturing (UK)
                                                                                                      • Response to COVID-19
                                                                                                        • Recent company activity
                                                                                                          • Financial information
                                                                                                            • Figure 38: Financial analysis of Nissan Motor Manufacturing (UK) Ltd, 2015-2019, (% growth and £ million)
                                                                                                            • Figure 39: Nissan Motor Manufacturing (UK) passenger car production volume, 2014-19, (units and % annual change)
                                                                                                          • Toyota Motor Manufacturing (UK)
                                                                                                            • Response to COVID-19
                                                                                                              • Recent company activity
                                                                                                                • Financial information
                                                                                                                  • Figure 40: Financial analysis of Toyota Motor Manufacturing (UK) Ltd, 2014-2018, (% growth and £ million)
                                                                                                                  • Figure 41: Toyota Motor Manufacturing UK passenger car production volume, 2015-19, (units and % annual change)
                                                                                                                • Vauxhall Motors
                                                                                                                  • Response to COVID-19
                                                                                                                    • Recent company activity
                                                                                                                      • Financial information
                                                                                                                        • Figure 42: Financial analysis of Vauxhall Motors Ltd, 2014-2018, (% growth and £ million)
                                                                                                                        • Figure 43: Vauxhall Motors Ltd passenger car and CV production volume, 2015-19, (units and % annual change)
                                                                                                                    • Appendix – Data Sources, Abbreviations and Supporting Information

                                                                                                                        • Abbreviations
                                                                                                                          • Methodology
                                                                                                                          • Further Sources and Contacts

                                                                                                                            • Trade associations
                                                                                                                              • British Vehicle Rental and Leasing Association (BVRLA)
                                                                                                                                • Confederation of Passenger Transport UK (CPT)
                                                                                                                                  • European Automobile Manufacturers Association (ACEA)
                                                                                                                                    • Finance & Leasing Association
                                                                                                                                      • Freight Transport Association (FTA)
                                                                                                                                        • International Organization of Motor Vehicle Manufacturers (OICA)
                                                                                                                                          • The National Franchised Dealers Association
                                                                                                                                            • Retail Motor Industry Federation (RMI)
                                                                                                                                              • Road Haulage Association (RHA)
                                                                                                                                                • Society of Motor Manufacturers and Traders (SMMT)
                                                                                                                                                  • Trade magazines
                                                                                                                                                    • Auto Trader
                                                                                                                                                      • Commercial Vehicle Dealer
                                                                                                                                                        • Motor Trader Magazine
                                                                                                                                                          • Trade events
                                                                                                                                                            • Automechanika Birmingham
                                                                                                                                                              • Automotive Management Live
                                                                                                                                                                • The Complete Auto Recycling Show (CARS)
                                                                                                                                                                  • The London Motor Show
                                                                                                                                                                    • The Commercial Vehicle Show

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