UK vehicle production declined by -17.7% in the first month of the year, with factories turning out 71,104 cars and 6,908 commercial vehicles (CVs) for a total of 78,012 units. The performance follows a strong January last year, when car and CV output surged by 21.0% and 27.5% respectively, and reflects weakness in key markets, notably the EU, China and ...
Read More »Plug-in EVs up 75% to hit record levels in 2018
The number of plug-in electric cars in the UK increased by 75% in 2018. Motorparc data released by the Society of Motor Manufacturers and Traders (SMMT) shows that there is now a record 195,410 plug-in vehicles on UK roads. AFV ownership increased 30%, with more than 620,000 hybrid, plug-in hybrid and battery electric cars now in use. This increase has ...
Read More »NAMA forecasts a big February for the motor auction sector
The National Association of Motor Auctions (NAMA) has predicted a strong February for the motor auction sector in a continuation of the 2018 trend of increased values for petrol vehicles, suggesting demand will continue to outstrip supply. It also found that the demand for new plug-in hybrid is slowing down, while 23% of members expect to see an increase in ...
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