Tag Archives: SMMT

The number of new light commercial vehicles (LCVs) joining UK roads grew 2.4% in October with 26,974 new vans, pickups and 4x4s registered, according to the SMMT This represents the third consecutive month of overall market growth and the best October in three years. Mike Hawes, SMMT Chief Executive, said: “The continued growth in demand for new vans is encouraging given this ...

The used car market grew by 4.3% between July and September, marking the seventh successive quarter of YoY growth, according to the SMMT. Around 1,965,811 vehicles changed hands, with 81,651 additional transactions compared with the same period in 2023. A record 53,423 used BEVs were sold, an increase of 57.0%, reflecting the largest-ever market share at 2.7%, up from 1.8% in ...

The new car market in October saw a raft of companies showing double-digit growth, according to the latest figures from the Society of Motor Manufacturers & Traders. In a market that overall saw sales fall -6% for the month with a -12% decline in retail sales, BYD showed the biggest rise – from a low base – with a three-fold ...

The motor retail sector has given a mixed reception to the Budget with SMMT CEO Mike Hawes lambasting the absence of measures to boost EV sales among retail buyers. “The lack of substantive measures to support the new car market – in particular for electrified vehicles – is hugely disappointing. “We welcome the extension of the Plug-in Van Grant and ...

UK car production output declined by -20.6% in September, according to the Society of Motor Manufacturers and Traders (SMMT), as 70,039 units rolled off production lines. The decline was expected as factories wind down production of current models and turn their attention to zero emission vehicles. Around 21,309 electrified models were made in September, representing 30.4% of all cars produced despite ...

The UK new car market rose 1.0% in September, to 275,239 units, according to SMMT figures. SMMT calculates that manufacturers are on course to spend at least £2 billion on discounting EVs this year. Industry experts have offered perspective in response to SMMT’s data released today. Philip Nothard, Insight Director at Cox Automotive, said: “September’s new car market was less about ...

The UK new car market rose 1.0% in the key ‘74’ plate change month of September, to 275,239 units, according to the Society of Motor Manufacturers and Traders (SMMT). The performance was the best since 2020, but still -19.8% off pre-Covid September 2019. Growth was driven by fleet purchases, up 3.7% to 149,095 units and representing 54.2% of the overall ...

UK car production fell by -8.4% to 41,271 units in August as factories wind down production of key models and retool for new – primarily electric – model production. Year to date, UK car production is down -8.5% at 522,823 units and output for the UK market is up 12.3%. Electrified (battery electric, plug-in hybrid and hybrid) production for the ...

The UK new car market remained stable in August, down -1.3%, according to the Society of Motor Manufacturers and Traders (SMMT). 84,575 units were registered, 1,082 fewer than in the same month last year. Fleet purchases accounted for six in 10 cars registered (51,329 units). Registrations by private buyers were up 0.2% units to 32,110. Business registrations were down by ...

  The UK car sector can expect an “ongoing degree of volatility” as the UK industry restructures to transition to zero emission vehicle production That’s the view of the Society of Motor Manufacturers and Traders (SMMT) which today announced that UK car production fell by -14.4% to 65,478 in July. It said the decline in output due predominantly to model ...