Tag : Society of Motor Manufactures and Traders (SMMT)
Record sales of second-hand EVs as used car market extends growth streak
Demand for used EVs has risen to record levels amid continued growth for the UK’s used car market.
New car market falls again as fleet registrations drop
The new car market fell 2.5% in January as both fleet and private buyer demand dropped amid weak economic confidence.
UK vehicle production falls below one million units amid ‘intense market pressure’
UK vehicle production dipped below one million units in 2024 as the switch to EVs and “intense market pressure” took their toll.
Grey still top for new car colours but blue back on podium
Grey has cemented its place as Britain’s most popular new car colour for the seventh consecutive year but with growing competition from blue car volumes.
LCV market hits three-year high but EV share static
The UK’s new LCV market rose by 3.0% in 2024 to more than 350,000 registrations but the electric van market share remained static.
Car manufacturing drops a third in worst November since 1980
UK car production fell by 30.1% in November, marking the ninth consecutive month of decline and the worst performance for the month since 1980.
UK car production down 21% as factories refit for EVs
New car production at UK factories fell by 20.6% in September as plants retool lines for all-new zero-emission vehicles.
Record EV performance in September down to unprecedented discounting, SMMT warns
The UK new car market rose 1.0% in September with record EV registrations but the automotive sector has warned that growth is unstable and unsustainable without … Read More »
New car market falls for first time in two years but EV demand rockets
UK new car registrations fell 1.3% in August, marking their first decline in 24 months.
Car production slowdown continues as factories gear up for new models
UK car production fell by -14.4% in July, according to new figures published today by the Society of Motor Manufacturers and Traders (SMMT).
Used car sales up 7.2% in sixth successive quarter of growth
The UK’s used car market grew 7.2% in Q2 2024, marking the sixth successive quarter of growth.
Fleet demand spurs new car market to two straight years of growth
The UK new car market rose 2.5% in July to deliver 24 consecutive months of growth, driven yet again by surging fleet demand.
Automakers can drive UK’s green growth agenda, new government told
Enhancing the UK’s competitiveness could help deliver more than a million British-built zero emission vehicles every year by 2035, according to a new report.
SMMT’s CEO Mike Hawes awarded OBE in King’s Birthday Honours
Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), has been recognised in the King’s Birthday Honours list for services to the … Read More »
Carmakers call on next government to support zero-emission shift amid output decline
The UK car industry has set out key steps for the next government to support the sector as latest figures show a 7.0% fall in overall … Read More »
Almost a third of models in UK new car market available as zero emission
Nearly a third (29.3%) of models on the new car market are available as zero emission, giving Brits the best-ever choice of ways to go electric.
Surging fleet demand continues to shore up new car market
Sustained fleet demand led UK new car registrations to their 21st month of growth in April, amid concerns for flagging private buyer take-up.
UK car output falls in March as factories gear up for EV shift
UK car production slumped by over a quarter in March as manufacturers retooled factories for electric cars.
Fleet demand sends March new car market to pre-pandemic high but EVs falter
The UK new car market rose 10.4% in March, clocking up its 20th consecutive month of growth on the back of soaring demand.
Election delays to Automated Vehicles Bill would ‘leave Britain in the slow lane’
The UK automotive sector has called for the swift passing of vital legislation on autonomous vehicles to unlock a multi-billion-pound self-driving revolution.
Soaring fleet demand delivers best new car market for 20 years
UK new car registrations surged 14.0% in February to 84,886 units, recording the best performance for the month since 2004.
Spring Budget 2024: SMMT urges tax breaks to ‘recharge’ EV switch
The UK automotive industry is urging the Chancellor to use next week’s Budget to make vital tax breaks to boost EV demand and drive net zero … Read More »
60,000th electric van joins UK roads as eLCV demand jumps 19.4%
Rising electric van demand saw the 60,000th eLCV join UK roads in January, new figures from the Society of Motor Manufacturers and Traders (SMMT) reveal.
UK’s millionth EV registered in January as fleet demand soars
The UK’s millionth battery electric car (BEV) reached the road in January 2024, while the new car market grew and fleet demand continued to soar.
UK light vehicle production tops one million units in best year since 2019
UK annual light vehicle production has risen above one million units for the first time since 2019.
Grey continues to top fleet choice for new car colours
Fleets continued to favour monochrome for new car colour schemes in 2023, new figures from the Society of Motor Manufacturers and Traders (SMMT) reveal.
Surging fleet sales push new car market to best year since 2019
The UK new car market has recorded its best year since the pandemic, with growth driven entirely by fleet investment.
UK car production up 31.6% but threat of Brexit tariffs looms large
UK car manufacturing output surged 31.6% in October, putting the country on track to produce one million light vehicles this year.
Sales of used EVs double in Q3 to reach record market share
Demand for used battery electric vehicles (BEVs) soared during the third quarter on the back of increased supplies and lower values.
‘Flourishing’ fleet demand pushes new car market above pre-pandemic levels
October new car registrations have hit their highest level since 2018, driven almost entirely by registrations from large fleets.
