In 2012 there was a 5% growth in new car registrations in the UK which contrasted with falling sales in the four major European markets. The Society of Motor Manufacturers and Traders (“SMMT”) predict that new car registrations will increase by 0.1% in 2013. There is a concern about increased car production and over supply which is likely to lead to major problems for French manufacturers. The sale of used cars is likely to remain steady in 2013.
Getting cash to develop new cars will continue to be difficult and will result in car manufacturers joining together to develop new models.
Ingenious automotive designers and engineers will seek to achieve a tardis effect in smaller cars with the emphasis being on real fuel efficiency, green technologies and fuel technology. Consumers are not yet ready for electric vehicles.
In-car connectivity, content and applications are likely to be a focus of 2013 with particular regard to younger consumers.