UK News Car sales stay in reverse for a fifth consecutive month
Germany: greater decrease in retail sales over a year since 1994
Germany-Economy-Ventes-au-d-Tail: Germany: higher drop in retail sales over a year since 1994 © Reuters/Wolfgang RATTAY Germany: Strong drop in retail sales over a year since 1994 Berlin (Reuters) - German retail sales experienced their highest decrease in almost three decades in June, penalized by inflation, war In Ukraine and the coronavirus pandemic, according to data published Monday. Retail sales in June decreased by 8.8% in real terms compared to the same month of last year, the strongest
Car sales fell for a fifth consecutive month in July, with registrations of new motors down 9 per cent, official figures show.
Some 112,162 passenger cars entered UK roads last month as manufacturers struggled to meet order volumes due to a lack of semiconductor chips needed to power technology in new vehicles.
The Society of Motor Manufacturers and Traders said the year-on-year sales decline was the smallest recorded in 2022, though industry insiders said worse is set to come as a result of the escalating cost-of-living crunch.
The automotive trade body also blamed Covid lockdowns in key manufacturing and logistics centres in China and parts supply disruption linked to the war in Ukraine as additional factors that restricted production output and supply of new cars into the UK.
beer sales under pre-corona level: "The German brewing industry continues to work in crisis mode"
© provided by Wirtschaftswoche The Germans drink more beer photo: dpadata portal copyright = in Germany is drunk again. Beer sales have grew by 3.8 percent in recent months - but that is still less than before pandemic. The German brewing industry still did not reach its sales level reached before the start of the Corona crisis. From January to June, beer sales grew by 3.8 percent to around 4.3 billion liters at the same period last year, as the Federal Statistical Office announced on Monday.
July's slip in sales adds to an already-poor half year for car registrations, which the SMMT says 'proved more challenging than anticipated, due to the enduring severity and impact of the semiconductor shortage and global conflict'.
Mike Hawes, SMMT Chief Executive, said: 'The automotive sector has had another tough month and is drawing on its fundamental resilience during a third consecutive challenging year as the squeeze on supply bedevils deliveries.
'While order books are strong, we need a healthy market to ensure the sector delivers the carbon savings government ambitions demand.
'The next Prime Minister must create the conditions for economic growth, restore consumer confidence and support the transition to zero emission mobility.'
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The Bond Aston Martin's sale small print says it's not road registered, can't be driven on public streets and is sold with no promises that the vehicle is 'of satisfactory quality'.Christie's, which will offer the collectible motor to the highest bidder at its 007-dedicated auction on 28 September has placed an estimate of £1.5million to £2million on the motor that's synonymous with the British secret service agent.
While Mr Hawes expects supply issues to start receding in the second half of 2022, the industry body says it is unlikely that the market will be able to recover the significant losses sustained so far.
This looks increasingly unlikely with Britain already embroiled in a cost-of-living crisis that is set to worsen in the coming months with inflation on the rise and energy prices predicted to go through the roof.
'Production challenges, the cost-of-living crisis and rising energy bills are putting the brakes on consumer spending, with many either turning to alternative options, such as the used market, and many putting off buying a car completely,' explains Lisa Watson, director of sales at Close Brothers Motor Finance.
EURO zone: retail sales drop more than scheduled in June
Eurozone-Economie-Ventes-au-Dail: Euro zone: retail sales drop more than scheduled in June © Reuters/Kai Pfaffenbach Euro Zone: Retail sales dropped more than scheduled in June Brussels (Reuters) - retail sales in the euro zone have dropped more than expected in June while industrial production prices have continued to increase, show the data published Wednesday by Eurostat, This reports a low request from consumers who could predict a recession in the second half.
'The effect on sales is continuing to be felt across Europe, with the European Automobile Manufacturers’ Association announcing that sales of passenger cars across EU countries in June fell to the lowest numbers since June 1996.'
However, analysts say demand for new cars is still very high, with thousands of motorists putting their name down in order books and waiting for their vehicles to arrive.
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Richard Peberdy, UK Head of Automotive, KPMG, said: 'Despite the cost of living crisis, UK demand for new cars continues to outpace supply, with long wait times for many models.
'But rising energy costs will further test consumer ability to purchase new cars in the remaining months of the year, including electric vehicle adoption appetite. The cost of manufacture will also likely rise further, along with prices.'
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Camelot, which ran the game for 28 years, is in a High Court battle over the Gambling Commission's plan to award the license to another operator. 2/5 SLIDES © Provided by Daily Mail Tory MPs including Hastings and Rye's Sally-Ann Hart and ex-Tory vice-chairman Ben Bradley have written to Culture secretary Nadine Dorries asking that she take steps to make sure money earmarked for good causes is not at risk.
Jim Holder, editorial director, What Car?, said that while drivers are happy to wait a few weeks or even months for a new car to be delivered, the majority are likely to cancel their orders if they are quoted lead times in excess of a year.
'While the majority of car makers continue to make strong profits against this backdrop, global semiconductor shortages and rising manufacturing costs mean customers are suffering, both in terms of waiting times and rapidly escalating costs. It is not clear how long their patience will last,' Mr Holder said.
'Our own research indicates consumers are willing to wait, but not in excess, with less than 5 per cent of new car buyers stating they’re happy to wait more than 12 months for a new car to arrive – which is the lead time quoted for many new models at the moment.
'When waiting times cannot be met, buyers tell us they will either switch to the used or nearly new market or look at different manufacturers in the hopes of finding a car with a shorter wait.'
He adds: 'The coming months will be crucial to the automotive sector, as the full extent of the supply shortages and rising costs are highlighted.
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Tory leadership candidate Liz Truss maintained her stance of leading a positive campaign as she refused to answer a question about Rishi Sunak bragging about working to divert funding from “deprived urban areas” towards more prosperous towns.
'Buyers are impatient, and manufacturers seriously constrained as to how they can respond; this stalemate risks undermining the UK car industry's health at a time it’s expected to be investing heavily into electrification and carbon-neutral manufacturing.'
Taking into account the difficult first seven months of 2022, the SMMT has - not for the first time this year - revised downwards its estimation for annual car sales.
With the industry 'facing its most challenging year for three decades', the trade body has now trimmed the outlook to 1.6 million registrations, which would be 2.8 per cent less than 2021 - a year that was impacted by national lockdowns, preventing customers from being able to visit car dealerships.
Despite the bleak results and future outlook for the market, there were some small positives to take from July figures.
The top best-selling models in the month were British-produced cars - the Sunderland-built Nissan Qashqai SUV (2,514 registrations) and Oxford-made Mini hatchback (2,410).
They have respectively moved up to third and fourth in total 2022 sales charts, sitting behind the Vauxhall Corsa in first and head of Ford's Puma.
July also saw the continuation of rising electric car sales with 12,243 zero-emission vehicles entering the road last month.
That represents more than one in ten (10.9 per cent) new models sold in July, though the 10 per cent rise is the weakest monthly uplift recorded by electric cars since the pandemic.
Five money saving tips: From boot sale bargains to free kids' meals .
We also look at an app that supercharges your search for free stuff online, and how to avoid demand pricing when booking flights. © Provided by This Is Money Shifting your unwanted stuff at a car boot sale can pay off - if you know how to play the game 1. Sell at a car boot saleMy mum and her partner are car boot sale veterans. He used to run a homewares shop, and still has tons of stock hanging around in his garage… and his loft, and his van, which he tries to shift at sales every few weeks.