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Our May webinar took place on Tuesday 11th May 2021 which provided an overview and update on the UK car and LCV markets.
Please view the recording of the webinar below, you can also view the webinar presentation slides here.
Trouble viewing the webinar video? Click here
Our April webinar took place on Tuesday 13th April 2021 and provided an overview and update on the UK car and LCV markets.
Please view the recording of the webinar below, you can also view the webinar presentation slides here.
Trouble viewing the webinar video? Click here
Our March webinar which took place on Wednesday 10th March 2021 provides an overview and update on the UK car and LCV markets.
Please view the recording of the webinar below, you can also view the webinar slides here.
Trouble viewing the webinar video? Click here
Our February webinar which took place on Tuesday 9th February 2021, provides an overview and update on the UK car and LCV markets.
Trouble viewing the webinar video? Click here
What prospect for ‘efuel’ vehicles as an alternative to electric particularly for LCV?
As an industry, we must reduce emissions. To do this we must investigate all possible alternatives. In the UK we already know what the deadlines are. The UK Government already has an ambitious plan to stop the sale of new cars and Light Commercial Vehicles (LCV) with pure internal combustion engines. Originally due to come into force in 2040, the Government has brought forward the ban to 2030. Between 2030 and 2035, new cars and vans can be sold with internal combustion engines if they can drive a significant distance with zero emissions (for example, plug-in hybrids or full hybrids), and this will be defined through consultation.
The Zero Emission directive here is key. Currently, Battery Electric Vehicles (BEV) are the main route that most manufacturers are following to deliver this. Moving through this decade will see increasing investment in Fuel Cell Electric Vehicles (FCEV) and the required clean hydrogen production and infrastructure to deliver this exciting next step. The Glass’s team currently see that there will be a strong mix of smaller BEVs whilst vehicles such as large SUVs, large vans and heavy commercial vehicles could see the benefits of FCEV moving forward.
For used vehicles, motorcycles and HCVs, eFuels offer an interesting alternative moving forward, especially as motorcycles and HCVs are not currently included in the Governments 2030 Road to Zero. However, the emissions from these fuels are still to be confirmed, especially particulate emissions which could still be a cause for concern.
Will there be an effect on supply due to the shortage of semiconductors?
Demand for semiconductors has soared during the pandemic as people, locked down at home, are buying new technology such as games consoles, laptops and TVs. Many of these products, including some laptops and next-generation games consoles, have sold out, or are subject to lengthy delivery delays. This is another factor that is currently affecting the supply of some vehicles from factories around the world. In the UK, the semiconductor shortage closed Honda’s Swindon plant in January for four days.
Are you expecting to see a reduction in the supply of vehicles into the UK due to the Rules of Origin Tariffs?
Although Glass’s does not predict a specific reduction in the supply of vehicles to the UK due to the Rules of Origin Tariffs (RoO), there are issues around the production of vehicles in the UK.
While the UK automotive industry avoided tariffs following BREXIT, the RoO requirements hidden within the new legislation are creating new barriers to trade. Before 1 January 2021, automotive products legally made in the UK could sell anywhere in the UK and the EU. From 1 January 2021, automotive manufacturers must provide proof that at least 40% of the value of the parts in a finished vehicle exported to the EU originated in the UK. This threshold climbs to 45% in 2023 and 55% in 2027.
With increasing battery-electric vehicle production, the need for domestic battery production is vitally important. Without this, OEMs are less likely to invest in the UK. The future must involve measures that can deliver long-term changes in the industry. There are ambitious targets to meet that address climate change and air quality goals. The fastest way to achieve these goals is to create business confidence and encourage the take-up of the latest low emission vehicles.
Key takeaways
Our December webinar, which took place on Thursday 10th December 2020, provides a round-up of the UK car and commercial vehicle markets in 2020 and a look ahead to what is likely to be an equally turbulent 2021. Jayson Whittington, Chief Car Editor and Andy Picton, Chief Commercial Vehicle Editor, joined Anthony, Head of Content for this webinar. Please view the webinar below.
You can also download the webinar slides here.
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Key takeaways
The year in review
The year ahead
FAQ’s – Below are some questions we received in the webinar that we didn’t have the opportunity to answer
Q1. In case of no-deal Brexit, what kind of level of demand decline do you project compared to your base case -13% YOY?
Currently, it is difficult to predict where a no-deal scenario will lie in terms of registrations in 2021. However, what we are currently confident of, is that 2021 will see increases in registrations versus 2020.
Q2. Can hybrids (PHEVs or HEV) will still be sold during 2030-2035?
A 2-phased approach to the process was announced Wednesday 18 November 2020 by the UK Government.
Between 2030 and 2035, new cars and vans can be sold if they can drive a significant distance with zero emissions (for example, plug-in hybrids or full hybrids), and this will be defined through consultation.
Q3. Andy; with most pick-ups built outside the EU, will they look better value vs. vans/cars that have tariffs applied? Will demand increase for these as new buys and will that affect used values?
Demand for pick-ups has declined over the last few years. It is unlikely that there will be a significant increase in demand for these vehicles even with the increase in prices for traditional vans due to import duties.
Q4. PV 2021 Outlook. – The outlook provided is much more positive than previous viewpoints (very welcomed!)- Does Brexit play a big part in this change or do you still feel supply/ demand largely aligned regardless of Brexit outcome.
In terms of our 2021 outlook, we have taken into account the likely effects of BREXIT alongside the likely alignment of demand and supply as we head into 2021.
Q5. Based on what’s been said around home working and possibly people doing fewer car miles in the future, do you think the consumer move towards EV may be expedited?
Battery Electric Vehicles for first-time owners are becoming increasingly attractive for customers. However, their relative price point versus equivalent internal combustion engine vehicles is slowing the penetration in the UK. However, as cost of ownership studies are highlighting long term savings for drivers of BEVs, this penetration will likely continue to increase in pace.
Many European used car markets have been very resilient during the pandemic with demand outstripping supply, particularly for older used vehicles. Will used car markets expect more pressure towards the end of 2020 and beyond? What effect will rising infection rates and new restrictions have on the market? How long will these market conditions continue for?
Watch the webinar, where we present our latest update on how residual values will develop in a post-pandemic world.
Chaired by Phil Curry, Editor, Autovista Group Daily Brief. Trouble viewing the webinar video? Click here
Hear from our experts:
In just 45 minutes, you will get insight on:
Our November webinar, which took place on Tuesday 10th November 2020, provides an overview and update on the UK car and LCV markets.
Trouble viewing the webinar video? Click here
Key takeaways
Glass’s Head of Content & Product, Anthony Machin, provides an update on the UK car and LCV markets.
Our latest webinar, which took place on Tuesday 13th October 2020, gave an overview and update on the UK car and LCV markets.
Trouble viewing the webinar video? Click here
Key takeaways
Glass’s Head of Content & Product, Anthony Machin, provides an update on the UK car and LCV markets.
Trouble viewing the webinar video? Click here
Key takeaways
Glass’s Head of Content & Product, Anthony Machin, provides an update on the UK car and LCV markets.
Our July update webinar, which took place on Tuesday 14th July 2020, gave an overview and update on the UK car market.
Trouble viewing the webinar video? Click here
Key takeaways
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