Weak Supply Chain Could Slow New Car Production in the UK
Inward investment into the UK car-manufacturing sector is at an all time high, but the number of suppliers available to provide the parts for car manufacturers is at an all time low. Over the past 20 years, virtually every large 'tier one' supplier stopped manufacturing in the UK and moved abroad. This means that the majority of the parts that go into the new cars manufactured in the UK have to come from abroad. The supply chain for UK car manufacturers is far more complex and therefore more vulnerable than it was two decades ago, which is the last time the car industry was strong in the UK.
New Low Cost Used Car PCP Schemes Is Set to Help More Consumers to Buy Cars
For the past few years, those dealers that sell used cars in the UK have been at a disadvantage when it comes to finance. New car dealers have been able to offer zero interest deals and invite consumers to buy without having to put down a deposit. This has given the edge to the franchisers, helping them to sell more units.