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Automotive Services 2012 - Market Report

Bharatbook.com has this impressive report " Automotive Services 2012 - Market Report " provided by a range of organisations, including franchised dealers, garage chains, autocentres, fast-fit outlets.

 
PRLog - Jul. 1, 2012 - The UK market for automotive services was worth an estimated £18.98bn in 2011, an increase of 2.4% on 2010. Despite the tough economic climate, the automotive services sector has increased year-on-year since 2007, although growth has been somewhat subdued of late. http://www.bharatbook.com/automotive-components-market-re...

For the purposes of this Key Note Market Report, the automotive services market has been divided into three main sectors — car servicing and mechanical repairs; car body repairs; and car breakdown and recovery services. The largest of these — car servicing and mechanical repairs — is provided by a range of organisations, including franchised dealers, garage chains, autocentres, fast-fit outlets and independent garages. The second largest sector — car body repairs — consists of independent and insurance company-approved repairers. The car breakdown and recovery services sector is an extremely mature area of the industry, with just three main companies providing services to the majority of UK motorists.

The vehicle sales and repairs market has, for some time, retained a bad reputation among UK consumers. Recently, however, Motor Codes — the self regulatory body for the automotive industry — received Office of Fair Trading (OFT) approval for its code of practice regarding the repair and servicing of motor vehicles. The OFT only approves codes that have been proven to be effective in safeguarding and promoting consumers’ interests and, as such, the Motor Codes regularly undertakes compliance checks on members and provides conciliation and arbitration services. With over 6,500 UK garages subscribing to the scheme, the code goes some way towards improving the level of services provided by the automotive services sector.

Other factors currently impacting the market include the updated Motor Vehicle Block Exemption Regulations (MVBER), which were introduced in June 2010 under European Commission Regulation (EU) 461/2010. The new regulation has been introduced as a continuation of older legislation, and is aimed at improving competition in the automotive service and repair market. The new regulation ensures that independent garages can access technical information and spare vehicle components, while also restricting car manufacturers’ warranties from being conditional that services be provided in authorised garages only.

Key Note forecasts that growth in the automotive services market will be relatively subdued in 2012 and 2013, as the UK economy continues to recover. By 2014, growth is expected to be both more significant and consistent, as conditions in the economy and other sectors in the automotive industry become more stable.

Table of Contents
Foreword
Executive Summary
Market Definition
REPORT COVERAGE
MARKET SECTORS
Car Servicing and Mechanical Repairs
Car Body Repairs
Car Breakdown and Recovery Services
MARKET TRENDS
Recession Affects Market for New and Used Cars
The Scrappage Scheme
Consolidation Activity
Industry Responds to High Number of Vehicle-Related Complaints
ECONOMIC TRENDS
Population
Gross Domestic Product
Inflation
Unemployment
Household Disposable Income
MARKET POSITION
The UK
Overseas
Market Size
THE TOTAL MARKET
BY MARKET SECTOR
Car Servicing and Mechanical Repairs
Car Body Repairs
Car Breakdown and Recovery Services
Industry Background
RECENT HISTORY
NUMBER OF COMPANIES
EMPLOYMENT
REGIONAL VARIATIONS IN THE MARKETPLACE
DISTRIBUTION
HOW ROBUST IS THE MARKET?
[(c)New-Car Registrations
[(c)Used Car Sales
Age Profile of Licensed Cars
[(c)Number of Cars on UK Roads
Age of Vehicle Maintenance and Repair Businesses

For more information kindly visit :
Automotive Services 2012 - Market Report

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Source:Bharatbook
Phone:00 91 22 27810772 27810773
Zip:400703
City/Town:Navi Mumbai - Maharashtra - India
Industry:Automotive
Tags:automotive, car, vehicle
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