Tag Archives: SMMT

Financial services group Zeus Capital has become the last voice to cast doubt over the efficacy of the government’s ZEV Mandate. In its Quarterly Electric Vehicles Report, it said carmakers were lagging well behind the governments ZEV Mandate targets of 22% for cars and 10% for vans. “Despite continued growth, the 16.8% share of new registrations is quite a way ...

The UK’s used car market grew for the sixth consecutive quarter, rising 7.2% in Q2, according to the Society of Motor Manufacturers and Traders (SMMT). In Q2, there were an additional 131,128 sales compared with the same period in 2023. Transactions have been rising every  month, with the first six months up 6.8% to 3,931,318 units. This is the best ...

Sales of LCVs fell -8.5% in July with 24,689 units registered, according to the latest figures the Society of Motor Manufacturers and Traders (SMMT). The performance is in comparison with a strong July in 2023 – the best in three years – however, which came amid a record-equalling 17 consecutive months of market growth. The SMMT said the overall market ...

July saw wide variations in performance from carmakers competing in a market dominated by fleet with retail sales on the slide. BYD continues to build its sales from a a low base with an eight-fold increase in registrations to hit 768 units. Smart, Jeep and Genesis all saw triple digit increases. Volvo saw sales up 62.4% to 6,537 units for ...

Registrations of new cars to private buyers fell again in July, down -11.1%, accounting for just 36.2% of deliveries in the month, according to the figures from the Society of Motor Manufacturers and Traders (SMMT). The UK new car market rose by 2.5% in July, delivering two years of consecutive growth, and recording the best performance for July since 2020. July’s ...

UK car production fell -7.6% in H1, according to the Society of Motor Manufacturers and Traders (SMMT). Factories turned out 416,074 units, 34,094 fewer than in the same period in 2023. A -26.6% decline in June was caused by multiple model changes. Manufacturers also turned their attention to electrified models following £23.7 billion of UK investment announced last year. Mike ...

The 25th Society of Motor Manufacturers and Traders (SMMT) Sustainability Report, suggests that the amount of CO2 directly emitted in vehicle production more than halved (-54%) compared with 1999 levels. Record volumes of electrified vehicles left factory lines in 2023, as output rose by 48%. With investment, more than a million ZEVs a year could be produced by 2035. Mike Hawes, ...

Sales of new cars to private buyers fell for the ninth consecutive month in June down -15.3%, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Year to date private sales are down 12%. Private sales accounted for 38% of total sales in the firt half compared to 45.8% in he first half of 2023. ...

UK car manufacturing output fell by -11.9% to 69,652 units in May as factories continued to retool to build electric cars. Production of electrified vehicles – including BEVS, plug in hybrids and hybrids –   totalled 26,475 units. up three percentage points to 38% of all output, according to figures from the Society of Motor Manufacturers & Traders (SMMT). Production for ...

The Society of Motor Manufacturers and Traders (SMMT) has called on the next government to work with the automotive industry to unleash its full potential and deliver growth worth £50 billion over the next decade. Targeted policies could see the new car market value grow from just over £70 billion a year to almost £80 billion every year over the ...