New car registrations in May saw an eight-fold increase in May with 156,737 vehicles registered compared to May last year with showrooms temporarily closed because of the pandemic. The market was driven by fleet which rose twice as fast as the private sector as the commercial sector accelerated the long-postponed renewal of company cars. Large fleets accounted for 50.7% of ...
Read More »November car registrations fall -1.3%, private demand down -6.1%
New car registrations fell -1.3% in November, with 156,621 models registered. Consumers continued to shift away from diesel with 27.2% fall in sales for the month. . In November, the decline was driven primarily by weak private demand, with registrations down -6.1%, while the business market also fell, down -3.2%, but fleet registrations fared better, up 2.8%. For the second ...
Read More »October issue of Motor Trader is now online
The October edition of Motor Trader is now online, featuring an exclusive interview with Pendragon CEO Trevor Finn and the new focus the dealer group is putting on its used car business. A year since the announcement of a strategy overhaul for the group, Finn is pushing hard on used car sales, while looking at investment in its premium franchises ...
Read More »New car registrations rise 10% in April
Official new car registrations for April due out tomorrow are expected to show a 10% increase compared to April last year. Dealer profitability specialist ASE, which runs the rule over the accounts of hundreds of dealers, said that new car registrations were up more than 10% on April Β last year. ASE chairman Mike Jones said: βIt looks like we will ...
Read More »New car market falls 9.3% in September plate-change
New car registrations fell -9.3% during the September plate change to 426,170 units. This marked the sixth consecutive monthly fall for the market and was the first time the all-important September market dropped since 2011, according to figures released by the SMMT. Year to date registrations are down -3.9% year-on-year from 2,150,495 to 2,066,411 units. Retail registrations fell -8.8% in ...
Read More »SMMT improves 2017 new car registrations forecast
The SMMT has revised its new car registrations forecast upwards for the full year with the trade body now expecting the market to drop by -2.6% instead of the -5% it forecast at the beginning of the year. The quarterly forecast, which predicts registrations of 2.622 million in 2017 (2016: 2.693 million), is based on the average of data received ...
Read More »April edition of Motor Trader is now online
The April edition of Motor Trader is now available to read online with the latest news and analysis for car dealers. It includes an exclusive interview with Bentleyβs UK boss Sarah Simpson who talks about reaching new customers, digital retailing and the new boutique at Westfield London. The magazine includes analysis of the new car registrations in March, which set ...
Read More »New car registrations hit record monthly high in March and Q1
The new car market hit a new monthly record in March with 562,337 17-plate cars registered, a year on year increase of 8.4%, according to the SMMT. The record breaking month was widely anticipated as retail and fleet customers moved to bring purchases forward ahead of the rise in Vehicle Excise Duty (VED) charges on new cars registered from 1 ...
Read More »New car registrations dip in February ahead of plate change
The UK new car market was flat in February, dipping just -0.3%, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). A total of 83,115 vehicles were registered in what is traditionally one of the quietest months of the year ahead of the plate change in March Beyond February, there is a general expectation that ...
Read More »New car registrations hit 12-year high in January
New car registrations surged in January, up 2.9% to 174,564 vehicles, the highest level since 2005. Across the market, private motorists led the growth, registering 76,729 new cars up 5% while fleet demand grew by 1.4%. Business registrations to small companies with fewer than 25 vehicles on their books fell by -1%. The alternatively fuelled vehicle segment grew 19.9% to ...
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