The UK new car market achieved another record year in 2016, with annual registrations climbing for the fifth year in a row to almost 2.7 million, according to figures published by the Society of Motor Manufacturers and Traders (SMMT). The market has experienced uplifts in 10 out of the last 12 months, albeit finishing with a December down slightly by -1.1 per cent – with 178,022 new cars registered in the month. However, the SMMT also gave a negative prediction for growth in 2017.
In November 2016 EU passenger car registration rebounded following the slowdown observed in October. New registrations for the month totalled 1,148,618 units (up 5.8 per cent), according to the European Automobile Manufacturers’ Association (ACEA).
UK car manufacturing achieved its 12th consecutive month of growth in July, rising 7.6 per cent to 126,566 units compared with the same month in 2015, according to figures from the Society of Motor Manufacturers and Traders (SMMT). Year-to-date production grew 12.3 per cent to 1,023,723 units – the best performance since 2000, and the first time in 12 years volumes have been greater than one million in the first seven months. Demand was up both at home and abroad with a 14.1 per cent increase in output for the domestic market and exports up 6.0 per cent to 101,184 units. More than three quarters of a million cars built this year are destined for overseas markets, a 77.8 per cent share of total production volumes.
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LOGIN OR SUBSCRIBE TO READ THE FULL ARTICLE Related posts: VW Group sales down 20 per cent IHS: 2015 car registrations show gains across brands and segments UK new car market continues stable growth KPMG: new car sales growth adjusted down 1/6 after Brexit
Market analysts at KPMG have revised down full year 2016 new car sales predictions by a sixth from 3 million units to 2.5 million following the UK's decision to leave the EU. The fear is that the automotive industry, of which tyre supply (both OE and aftermarket) are clearly a part will be most seriously and negatively affected by Brexit. John Leech, head of automotive at KPMG UK, certainly suggested as much: “The British public has voted to leave the EU. As recent surveys showed, the automotive industry is anticipated to be one of the sectors most impacted by the vote to Leave the EU."
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The UK new van market saw steady growth in May 2016, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). Demand for new light commercial vehicles (LCVs) rose 1.9 per cent, with more than 28,000 hitting British roads – the highest number on record for the month.
UK car registration figures show the market continues stable growth, despite an ongoing run of strong growth. New car registrations in the UK made a modest gain of 2 per cent in April, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).
SMMT figures show that the new van market finished the first three months of the year on a high, with a 3.3 per cent uplift in demand in March. The 63,913 registrations made in the month represented some two thirds of the quarter’s total volume, with 98,906 new light commercial vehicles (LCVs) hitting British roads in the year to date – up 1.2 per cent on the same period in 2015.
“It is encouraging to see that new car registrations were up an impressive 5.3 per cent in March following demand for the new 16-plate change” said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers across the UK, commenting on the SMMT’s new car registration figures.
The UK’s new car market grew by 5.3 per cent in March, making it the biggest ever month since the bi-annual plate change began in 1999, according to figures from the Society of Motor Manufacturers and Traders (SMMT). 518,707 new cars were registered in March, only the third time the market has surpassed half a million units in a single month. The month rounded off a record quarter, in which 771,780 new cars were registered – a 5.1 per cent increase over the first quarter in 2015.
Passenger car registrations in the European Union continued to grow during January, according to the latest data released by ACEA. EU passenger car registrations grew 6.2 per cent year-on-year during January. In addition, in the European Free Trade Association (EFTA) area – comprising Iceland, Liechtenstein, Norway and Switzerland – registrations grew by 9.5 per cent year-on-year to 32,415 units.
The UK new car market saw registrations climb 2.9 per cent year-on-year in January to reach an 11-year high of 169,678 units. By comparison January 2005 saw 181,474 new cars registered. Private and business buyers drove this growth with demand for new cars up by 8.2 per cent to 73,061 and 5.0 per cent to 6,716 units respectively, while the fleet sector declined slightly by 1.1 per cent to 89,901. The month marks the highest number of new cars registered to private buyers in January in 12 years.
After a record 2015, registrations of vans in the UK more or less levelled off in January with a 4.3 per cent fall in demand compared with the same month last year, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). A total of 21,102 new light commercial vehicles (LCVs) were registered in January, making it the first month of decline since July 2015.