Tag: SMMT

UK Automotive calls for interim Brexit arrangements

Tuesday 20th June 2017 | 0 Comments

The UK automotive industry has called on government to seek an interim arrangement with the EU that would maintain membership of the single market and customs union until a final agreement on a new relationship with the EU is negotiated and implemented.

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May LCV market declines

May LCV market declines

Monday 5th June 2017 | 0 Comments

The light commercial vehicle market (LCV) declined in May following a period of exceptionally strong demand, according to figures released by SMMT. 26,982 new vans hit British roads in May, representing a fall of 5.3 per cent.

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UK car registrations decline in May – SMMT figures

Monday 5th June 2017 | 0 Comments

After hitting record peaks in 2016 and early 2017, the UK’s new car market saw a significant decline in May. New passenger car registrations declined 8.5 per cent, with a total of 186,265 units. In 2017 overall, the market is 0.6 per cent lower than last year, with more than 1.1 million cars registered between January and May. Alternative fuel vehicles (AFVs) continued their impressive 2017 growth in May, 46.7 per cent higher than in 2016, with a total of 8,258 AFVs registered making 47,936 so far this year. The National Franchised Dealers Association (NFDA) argued that the general election’s short-term impact on consumer confidence has been the key factor, and that medium term prospects remain good for another record-setting year. However KPMG analysts were more taciturn, suggesting car manufacturers have turned their attentions to Europe and expecting a steady decline in 2017.

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SMMT Open Forum to highlight £2.6 billion digitisation supply chain opportunity

Wednesday 31st May 2017 | 0 Comments

The Society of Motor Manufacturers and Traders’ (SMMT) Open Forum returns to Automechanika Birmingham on 6 June, bringing together automotive supply chain companies and other stakeholders to highlight the cutting-edge technologies and trends that will influence the next generation of vehicles.

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Used car sales reach record high in Q1 2017

Used car sales reach record high in Q1 2017

Friday 19th May 2017 | 0 Comments

The UK used car market got off to a strong start in 2017 with a record number of vehicles sold in the UK in the first quarter, according to data released by the Society of Motor Manufacturers and Traders (SMMT). A total of 2,133,956 used cars changed hands in the first three months of the year, 3.4 per cent more than in 2016, resulting in the biggest-ever first quarter volume seen.

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April new car registrations show a ‘significant decline’ says SMMT

Monday 8th May 2017 | 0 Comments

Figures from the Society of Motor Manufacturers and Traders show that the UK new car market experienced a significant decline in April, following exceptional growth in the previous month as buyers brought forward purchases ahead of the switch to new VED rates, which came into force on 1 April 2017. The figures show that 152,076 new cars were registered in April, a -19.8 per cent decline.

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LCV registrations lower in April

LCV registrations lower in April

Friday 5th May 2017 | 0 Comments

Registrations of new light commercial vehicles decreased in April, falling 18.8 per cent to 22,625 units, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). The performance follows a period of rapidly growing levels of demand, with registrations in April 2016 the highest on record.

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UK car manufacturing acceleration result of investment of ‘billions of pounds’ – KPMG

Thursday 27th April 2017 | 0 Comments

KPMG says UK car manufacturers’ increasing production comes as a result of a period of investment running to “billions of pounds.” Simon Heath, automotive M&A specialist for KPMG in the UK commented on the SMMT car production figures that were up 7.3 per cent in March 2017.

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UK car production reaches 17-year high in March

UK car production reaches 17-year high in March

Thursday 27th April 2017 | 0 Comments

Exports continued to drive British car manufacturing in March, as demand rose 10.6 per cent in the month, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). A total of 170,691 cars were built in the UK last month, up 7.3 per cent, with overseas buyers ordering more than 76 per cent of output. The month’s output exceeds that of March 2000, when 183,787 cars were built in the UK.

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SMMT: Motorists want MOT first test after 3 years

Friday 21st April 2017 | 0 Comments

It isn’t just the trade that opposes potential changes to current MOT legislation. The Society of Motor Manufacturers and Traders (SMMT) has published the results of a YouGov survey, and these results indicate that a large majority of car owners want the MOT first test to continue taking place when their vehicle reaches three years of age.

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Euro 6 diesel cars clean, says SMMT

Monday 10th April 2017 | 0 Comments

Diesel powered cars have gained a lot of press since the Volkswagen emissions scandal became public knowledge in 2015, and much of this has been negative. The Government is now considering measures that will discourage the use of diesel cars, with disincentives such as a ‘toxins tax’ or banning polluting vehicles from city centres a possibility. The Society of Motor Manufacturers and Traders (SMMT) believes such steps don’t do the latest generation of diesel vehicles justice, and has issued a list of ten facts it hopes will inform motorists about diesels:

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Van market stabilised in March, says NFDA

Thursday 6th April 2017 | 0 Comments

“Light commercial registrations under 3.5 tonnes were down -0.9 per cent in March - and the same year to date for the first quarter of 2017”, said Sue Robinson, Director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK, commenting on the SMMT’s light commercial vehicle registration figures.

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Monthly new car registrations reach all-time high

Monthly new car registrations reach all-time high

Thursday 6th April 2017 | 0 Comments

The UK new car market grew by 8.4 per cent in March. A total of 562,337 new cars were registered during the month, an amount that, according to the Society of Motor Manufacturers and Traders (SMMT), is the highest monthly figure since records began. Registrations reached new heights as buyers seized the chance to buy cars before the new vehicle excise duty (VED) rates came into force. Under the new system implemented on 1 April, all new cars (except for those with zero emissions) are subject to an annual flat rate charge.

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UK Automotive industry demands Brexit safeguards

Wednesday 29th March 2017 | 0 Comments

On the day that Prime Minister Theresa May official wrote to the European Union signalling the UK’s intent to leave the EU, the Society of Motor Manufacturers and Traders (SMMT) called for the automotive industry to be at the heart of negotiations.

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Tyre manufacturers ready for CV Show between 2016 growth and 2017 flux

Friday 10th March 2017 | 0 Comments

April 2017’s CV Show looks set to mark an important event in the tyre business year, with a strong showing for the industry reflecting both the resilience shown in the UK commercial vehicle sector in 2016 and the potential opportunities offered by the coming period of political change. SMMT registration figures reveal that 2016 was a better year than might have been expected in the haulage and people transportation segments.

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