car

No-deal Brexit and Covid threaten ‘double whammy’ for car industry

UK and European car makers have warned a no-deal Brexit could put a £100bn dent in the region’s car industry in the next five years, adding to heavy losses already caused by Covid-19.

A letter signed by 23 trade groups across Europe urges the government to make a deal rather than default to World Trade Organization (WTO) rules.

It says without one there will be a “catastrophic” rise in tariffs.

A government spokesperson said it is “working hard” to reach an agreement.

The industry has already taken a £90bn hit this year due to Covid-19, the SMMT added.

The UK left the European Union on 31 January but will enjoy tariff-free trade with the bloc until the end of the year as part of the transition period.

But fears are growing that both sides will be unable to strike a longer-term trade deal by then.

The European Automobile Manufacturers Association

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Car sales rebound eases pressure on automotive sector

Cars awaiting export
Cars awaiting export

Motorists returning to car showrooms after lockdown ended drove the first rise in sales of new vehicles this year, with an 11.3pc rise in registrations last month.

Almost 175,000 new cars were purchased in July following a near-total collapse in the market over the previous months as coronavirus put a brake on transactions.

The rise came in the first full month of dealerships being open. Although dealers in England were allowed to reopen their doors from June 1, it was not until later in the month that Scotland and Wales eased lockdown restrictions.

July’s rise is compared with the same month a year ago and follows declines in March, April, May and June of 44.4pc, 97.3pc, 89pc and 34.9pc respectively.

Production of cars in the UK has also fallen to its lowest level since 1954.

The Society of Motor Manufacturers and Traders (SMMT) that collated the

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Toyota Remains World’s Most Valuable Car Brand, Study Finds

Tesla was the only car brand to increase its value.

Just three automakers made it to the top 100 brands in market researcher Kantar’s latest 2020 BrandZ Top 100 Most Valuable Brands study. Toyota, ranked 48th overall, still remains the world’s most valuable car brand despite losing approximately 3 percent of its value compared to 2019.

Mercedes-Benz is the second most valuable brand in the automotive industry according to the study, placing 56th overall, followed by BMW at 61st position, losing 9 and 12 percent respectively. Ford and Honda dropped off the top 100 list after losing 10 and 15 percent of their values compared to 2019.

The Results From 2018 And 2019:

“Since 2008, the car sector has declined in value and has never recovered,” Global BrandZ Strategy Director, Graham Staplehurst, told Automotive News. “It’s very different from other sectors. For example, the luxury sector

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Motorious Readers Could Win Big In Our New Online Car Show

⚡️ Read the full article on Motorious

All you have to do is enter your car now!

With current events wreaking havoc and cancelling events left and right, we at Motorious decided to bring the car show to you in virtual fashion, and give you the chance to win some amazing prizes! You don’t have to own a million dollar build or magazine cover car to win the grand prize of $1,000, bragging rights, and a front-and-center feature spot on Motorious.com.

Motorious Digital Concours is a virtual car show, so submit your car and go head-to-head against other enthusiasts. At the end of the judging period (once we’ve reached 500 submissions), a guest judge will pick a Grand Prize winner! As mentioned above and because it is worth repeating, the Grand Prize consists of $1,000, bragging rights, and a front-and-center feature spot on Motorious.com.

Six additional winners will

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