Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), has been awarded an Officer of the Order of the British Empire (OBE) for services to the automotive industry in the King’s Birthday Honours List. Hawes joined SMMT as chief executive in 2013, years in the automotive sector both in the UK and overseas. Over more than ...
Read More »Van makers fail to meet government ZEV Mandate target
The UK new light commercial vehicle market posted its 17th consecutive month of growth in May. Registrations rose by 1.9% to reach 25,853 units, according to figures from the Society of Motor Manufacturers and Traders (SMMT). It said the result was the strongest performance for the month since 2021, which recorded the best May market in history when business investment ...
Read More »May new car sales: winners and losers
May was a bruising month for a raft of car brands in the UK with double digit sales declines. Polestar saw registrations fall -69.6% to 314 units for the month while Fiat saw sales decline -44.9% to 523 units. Bentley was down -37.6% to 68 units and Vauxhall -32.1% to 6,026 units. Toyota fell -17.9% to 6,834 units, Ford ...
Read More »Fleet sales drive new car market in May, retail registrations falter
The UK new car market marked its 22nd consecutive month of growth in May as registrations rose 1.7% to 147,678 units. According to the Society of Motor Manufacturers & Traders (SMMT) , it was the best May market performance since 2021, although it is still -19.6% adrift of the 2019 pre-pandemic sales performance. Fleet and business sales continued to fuel ...
Read More »UK car production falls for second consecutive month
UK car manufacturing output fell by -7% in April, down to 61,820 units Output for the UK – at 14,021 units – rose 19.8% but failed to offset a -12.7% decline in production for overseas buyers to 47,799 units, with nearly eight in 10 cars made shipped to global markets. According to the Society of Motor Manufacturers & Traders, which ...
Read More »Used car market hits five-year high in Q1
The UK’s used car market rose by 6.5% in the first quarter of 2024 with 1,967,923 ransactions. This was the strongest start to a year since pre-pandemic 2019, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The increase marks 16 months of successive growth, reflecting recovering supply in the new car market ...
Read More »Van sales in April hit three-year high
Registrations of UK light commercial vehicles rose 5.4% in April, the best performance for the month since 2021. Deliveries of zero emission LCVs declined last month, with new battery electric van (BEV) uptake falling to 861 units, down -42.4% compared with last year’s uptick in demand. It means BEVs accounted for 3.6% of all new LCV registrations compared with 6.6% ...
Read More »April new car sales: winners and losers
April saw Chinese carmaker BYD begin to build its presence in the UK with registrations increasing ten-fold year on year to 333 units, Another Chinese brand, GWM Ora, which has been recruiting dealerships also saw significant growth – from a low base – with registrations increasing seven-fold to 88 cars. Other brands to show growth in the month included smart ...
Read More »Fleet new car sales soar as private demand falls
UK new car registrations grew for the 21st consecutive month in April, rising by 1% to reach 134,274 units. Growth was driven by fleets, where registrations rose by 18.5% to reach 81,207 units – more than six in 10 of all new cars registered in April. Private buyer uptake fell by -17.7% to 50,458 units, while business registrations declined by -16.1%, ...
Read More »SMMT reports first decline in UK car production since August
UK car production declined in March, down -27.1% year on year to 59,467 units, according to the Society of Motor Manufacturers and Traders (SMMT). While this marks the first fall since August last year, it aligns with expectations for a variable year as manufacturers adjust factories to produce new cars, notably electric. UK car and light van production are expected ...
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