Increased collaboration makes sense in an era of tough cost pressure and it’s an idea that original equipment manufacturers (OEMs) have begun to embrace.

While Society of Motor Manufacturers and Traders (SMMT) figures showed that new car registrations rose by more than 11% in July, more recent statistics show that the UK’s used car market declined by almost half in the second quarter of the year, with only 1m units changing hands.

New figures from the Society of Motor Manufacturers and Traders (SMMT) show that the number of new cars registered in the UK in July rose by more than 11%.

The Society of Motor Manufacturers and Traders (SMMT) has continued its proactive response to the crisis, last week holding its third weekly coronavirus webinar. Run by the organisation’s CEO Mike Hawes, the session covered topics ranging from access to finance and government support schemes, to the specific issues facing ‘stranded’ mid-size businesses. To listen again, click here.

The transport and logistics industry continues to play a vital role in helping the UK cope with the coronavirus pandemic, making sure vital supplies reach their destinations. But the picture both in the UK and internationally is changing on an ongoing basis.

We’re continuing to work closely with our colleagues and customers across the automotive sector to assess the impact of the Covid-19 pandemic – and how to respond.

Mike Hawes, CEO of the Society of Motor Manufacturers and Traders (SMMT), continues to warn of his “deep concern”, with Jaguar Land Rover, Ford, Nissan and Vauxhall all having closed factories in recent days. You can hear more from him as part of our Covid-19 Automotive webinar, which you can listen to here.

Protecting your money - Financial Services Compensation Scheme (Opens in a new window)