Tag : Society of Motor Manufactures and Traders (SMMT)
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.
UK new car output up 40% but urgent action needed on EV tariffs
UK carmakers delivered the best September output since 2020 but action is needed now to protect EV exports from 2024.
Electric vehicles face £3,400 price hike without urgent EU–UK deal
UK fleets buying EU-made battery electric vehicles face a £3,400 average price hike from 2024 unless an urgent post-Brexit deal on trade tariffs is signed.
Electric van uptake rises 85.9% in September
Registrations of new light commercial vehicles rocketed again in September, supported by surging e-LCV demand, but the industry continues to hammer home the need for a … Read More »
UK car output falls as carmakers gear up for next-gen electric cars
UK car manufacturing dropped 9.7% in August as carmakers upgraded plants for the next generation of electric vehicles.
Rocketing fleet demand fuels August new car market growth
Surging fleet registrations and EV demand pushed the new car market up 24.4% to 85,657 units in August.
UK car production soars 31.6% in sixth month of growth
UK car production surged in July, rising 31.6% to mark the sixth consecutive month of growth.
UK used car market grows 4.1% in Q2 as EV sales soar
The UK used car market continues to bounce back strongly from a challenging 2022, supported by recovering production levels and surging demand for EVs.
Cross-party support vital for 10-fold rise in EV production, says SMMT
UK annual battery electric vehicle (BEV) production could rise 10-fold by 2030 if all political parties get behind a package of measures to support the automotive … Read More »
UK car production up 9.9% in April as exports surge
Car manufacturing output in the UK rose for the third month running in April, soaring 9.9%.
Fleet sales prove key in March new car registrations rise
UK new car registrations rose 11.5% in March, driven almost entirely by growth in the fleet sector, but still markedly down on usual levels.
UK car sales plummet 40% in lockdown
The UK’s new car sector has recorded its worst start to a year since 1970; a direct result of the lockdown, despite the advent of click … Read More »
Grey remains UK’s favourite new car colour
Grey has retained its top spot as the UK’s most popular new car colour for the third year running.
UK car production down 18.2% in October
October UK car production fell 18.2%, prompting the automotive sector to renew its calls for an urgent Brexit agreement.
‘No-deal’ tariffs to hike up price of EVs, warns industry
Failure to strike an EU trade deal would increase the price of electric vehicles, potentially reducing demand by 20% and undermining the UK’s progress on Net … Read More »
Fleet sales decline in September but EVs on up
September new car registrations have hit their lowest level in over two decades as a result of the pandemic, but electric vehicle sales are at least … Read More »
New car sales down but EV demand rising
New car registrations fell 5.8% in August, including a 5.5% decline in the fleet sector, despite a boost to demand for fully electric and plug-in hybrid … Read More »
New car registrations rally in July but longer-term recovery uncertain
UK new car registrations saw a major rebound in July, aided by pent-up demand and the reopening of dealerships across the nation.
Fleet demand stable in October as private buyer confidence wanes
The UK new car market fell 6.7% in October; hit by declining private buyer confidence although fleet demand remained stable and full electric registrations soared.
