Car Sales

MG Motor UK registered 18,026 vehicles in September, the highest-volume sales month in the brand’s history and its sixth consecutive monthly record, lifting it to fourth in the UK sales rankings. Registrations rose 23.7 percent year on year for a 5.14 percent market share, capping a record third quarter of 30,189 vehicles, with electrified powertrains accounting for 91.6 percent of the month’s sales.

According to MotorTrend, the economic slowdown is actually going to be a benefit for the British car industry. Cardiff Business School car industry guru Professor Garel Rhys is predicting that the falling value of Sterling will make British built cars easier to export, despite the gloomy economic outlook. He said that some 76 per cent of UK car production was for export, and Sterling’s value fall would make these vehicles more profitable, helping to justify inward investment in the UK car industry, notably from emerging economies such as China. The latest UK vehicle investor is Indian industrial combine Tata, which has recently bought Land Rover and Jaguar from Ford. Other investors include the Russian backers of the LDV van making business. He added that the currency value shifts would cut the profitability of imported cars, which currently account for 86 […]