Automotive manufacturers face many challenges and we have automotive manufacturing specialists that can assist you to ensure you are best placed to face these challenges head on.
This is a time for great change within the Automotive manufacturing sector with significant challenges within the market as societies pursue a more sustainable future with a focus on reducing reliance on fossil fuels and single use items.
Coronavirus has brought significant challenges to tier 1 and 2 suppliers as OEM production lines have been shut down across the globe. The pandemic has impacted both supply and demand sides of the market, with the huge impact on the large manufacturers causing ripples all the way through the supply chain.
Alongside the coronavirus challenges there is significant change and innovation in developing new technologies and materials for use in automotive construction to improve recyclability and reduce weight and emissions within the vehicle and supply chain. The increasing environmental taxes, low emission and even no emission zones within cities is also driving demand for alternative fuel types including electric and hydrogen.
Our automotive team
RSM’s team of automotive specialists has experience in combatting these challenges and maximising the opportunities. Our experience in the automotive sector has been built up over many years by serving the needs of our automotive clients and providing proactive solutions to their compliance and business advisory requirements.
We ensure our events address the challenges facing the automotive industry, the largest of which are currently the lasting impact of coronavirus and the future of mobility, how people will travel in the future, and where the car will fit into this world. We provide valuable opportunities and insights to the industry through webinars and round table discussions that help to connect our automotive industry networks.
Headwinds remain for automotive manufacturers amidst soaring energy costs
26 August 2022
UK car production in July 2022 was up 8.6% in comparison to July 2021, however, this rise is artificial given the historically low levels of output throughout 2021.
Automotive manufacturers see first increase in production levels for 11 months, but headwinds remain
30 June 2022
UK car production was up 13.3 per cent in May 2022, the first rise in 11 months, bringing a much-needed uptick for the sector. But, with further energy price increases expected throughout the year, conditions are likely to worsen for the industry, which has already experienced a stalled recovery post-Covid.
Data shows Ukraine crisis and lockdowns in China impacting UK car production
10 June 2022
UK car production kicked off the second quarter with an 11 per cent decline when compared to the same period last year, which is particularly concerning as car production in April 2021 was significantly reduced due to the combination of semiconductor shortages and Brexit stockpiling running low.
Automotive manufacturers must brace for more supply chain disruption
29 April 2022
Another decline on UK car production this month demonstrates the combination of inflationary pressure, the ongoing global shortage of semiconductors and the next wave of supply chain disruption starting to bite.
Local councils to hold the power in new UK electric car charging plan
1 April 2022
The expected decline in UK car production for February reflects the ongoing issues surrounding the supply of materials and components, surging inflation and workforce pressures. This has been further exacerbated by the Russia-Ukraine crisis, with the global manufacturing industry facing new challenges as the price of key components and commodities soar, such as nickel, which is crucial to developing batteries for electric vehicles (EVs).
Government must do more to ensure the transition to electric is smooth
2 February 2022
As expected, there has been another dip in UK car production statistics in December, due to Christmas shutdowns, ongoing supply chain disruption, component and skills shortages.
The fragile automotive supply chain – is the funding promised enough?
29 October 2021
The automotive industry continues to deal with critical headwinds, including ongoing supply chain disruption, component shortages and resource pressure with month on month production down 41.5 per cent on the same period last year.
Will short-term headwinds leave a lasting legacy on car production?
1 October 2021
The UK car production data shows a 27 per cent drop when compared to August 2020; but this follows a continued monthly decline since April this year, which dropped sharply last month, as ongoing supply chain disruption, component shortages and resource pressure stalled production.
Mixed messages could hamper move to electric vehicles
27 August 2021
Ongoing supply chain disruption, global component shortages and resource pressure have stalled car production for yet another month as today’s UK car production statistics show a 37.6 per cent drop in output when compared to July 2020. This is the first time that 2021 production has dropped beneath 2020 levels since February this year.
Government needs to step up to support pivotal moment in car production
2 August 2021
The monthly UK car production statistics are out and the number of cars produced in the UK is down by 37 per cent on June 2019 and still only half the level achieved as recently as March.
UK car production cut in half since March amidst positive news from Nissan
5 July 2021
The latest UK car production statistics show the acute impact component shortages are having with a 20 per cent drop in output when compared to April 2021.
A small supply problem causing big issues for automotive manufacturers
1 June 2021
Consumer demand for vehicles increases as supply chain issues put the brakes on production.
Budget boost for automotive manufacturers; but does the UK have scope to grow the electric market?
31 March 2021
After the most challenging year in UK automotive history, perhaps some shoots of recovering are beginning to appear for the industry amidst a significant month on month increase in car production and some positive steps announced in the budget.
Government needs to unlock Brexit and coronavirus shackles to drive car production
1 March 2021
It’s not surprising to see the unprecedented drop in UK car production continuing for another month as lockdown 3.0 took hold in January 2021.
The Society of Motor Manufacturers and Traders
We are members of the Society of Motor Manufacturers and Traders (SMMT). Our membership enables us to remain in touch with the issues that are most affecting motor businesses whether that be tackling emissions and improving air quality, developing new technologies, addressing the skills shortage or ensuring that the vehicles on our roads are as safe as possible. To watch our latest webinar with SMMT around the impact that coronavirus is having on the automotive industry please click here and fill in your details.
RSM works closely with Gallagher Automotive, which provides specialist insurance to vehicle and motorcycle dealerships covering property, road risks, liability, cyber and legal expenses.