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New car sales growth continues in October – SMMT revises annual outlook upwards

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SMMT

October’s new car market grew by 14.3 per cent to reach 153,529 registrations, 7.2 per cent above pre-pandemic levels and marking the best performance for the month since 2018, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The 15th month of consecutive growth was driven almost entirely by large fleet registrations, which grew 28.8 per cent to reach 87,479 units. Private demand was stable at 62,915 vehicles, a 0.3 per cent increase, while the much smaller business sector saw registrations fall -15.2 per cent to 3,135 units. With the sustained increase in new car registrations, overall vehicle uptake is now up 19.6 per cent in the first 10 months, with the market currently enjoying its best year since 2019.

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Car registration figures reveal EV reluctance amongst private buyers

The Society of Motor Manufacturers and Traders (SMMT) reports that the UK new car market expanded 21.0% in September, with 272,610 registrations during the month. Electrified vehicle uptake continued to grow but battery electric vehicle volume increases were driven entirely by fleet purchases, with private registrations falling 14.3% and representing less than one in ten new private purchases.

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  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. August car sales up 23 per cent – electric cars account for one in twelve sales
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Electrification growth boosts new car sales in August

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SMMT

The new car market grew 24.4 per cent in August with 85,657 new vehicles registered, according to the latest SMMT figures. While August is typically a quieter month with many buyers choosing to wait until the September number plate change, an increase of 16,799 units means the sector is now entering a second year of growth. Despite this improved performance, the market still remains -7.5 per cent below pre-pandemic levels. The increase was fuelled by a surge in registrations by large fleets, rising 58.4 per cent to 51,951 units, while business registrations grew 39.4 per cent to 1,635 units. Conversely, private demand softened by -8.1 per cent, compared with a supply-constrained 2022 market.

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  1. Record sales of AFVs in February as overall market dips slightly
  2. Slight fall in August new car sales, but strong showing for electric cars
  3. Fleet sales mean March new car sales up 11.5 per cent YOY
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March new car market continues recovery with eighth month of growth

UK new car registrations in March bounced back by 18.2 per cent to deliver the best ‘new plate month’ performance since before the pandemic, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The increase saw 287,825 units delivered, the eighth consecutive month of growth for the new car market, as supply chain challenges slowly continue to ease. As a result, the first quarter of 2023 is the strongest since 2019, with just under half a million new cars joining the road.

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Related news:

  1. UK new car market down a third as tentative restart reveals subdued demand
  2. Fleet sales mean March new car sales up 11.5 per cent YOY
  3. EVs energise new car market but chargepoint rollout must accelerate, says SMMT
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January rise in UK new car sales marks 6th consecutive month of growth

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The UK new car market grew 14.7 per cent in January to reach 131,994 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), setting the tone for an anticipated countercyclical year of growth. This was the best start to the year since January 2020’s pre-Covid 149,279 units and is the sixth successive month of expansion.

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Related news:

  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. August car sales up 23 per cent – electric cars account for one in twelve sales
  3. Fleet sales mean March new car sales up 11.5 per cent YOY
  4. New car market up as plate change September marks 1 million EV milestone
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Increased UK, EU new car registrations in December

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According to the European Automobile Manufacturers’ Association (ACEA), new car registrations across the EU expanded 12.8% in December 2022, the fifth consecutive month of growth during the year. Despite this positive result, only two of the region’s four major markets recorded growth. UK registrations – counted separately from EU figures – grew 18.3% year-on-year in December, to 128,462 units.

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EVs energise new car market but chargepoint rollout must accelerate, says SMMT

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SMMT

The UK new car market recorded a third month of growth in October, with registrations rising by more than a quarter (26.4 per cent) to 134,344 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Fulfilment of strong order books helped deliver the bounce-back, although the increase follows a particularly disappointing October 2021 when deliveries fell by -24.6 per cent. In the year to date, the market is down -5.6 per cent on the same period in 2021, but still a third below pre-Covid levels.

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New car market up as plate change September marks 1 million EV milestone

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SMMT

The UK new car market recorded its second successive month of growth in September (the second ‘plate change’ month of the year), with registrations rising 4.6 per cent, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). During what is typically the second biggest month of the year for the sector, 225,269 cars joined Britain’s roads. While this was a 9,957 unit increase on last year, when the industry recorded its weakest September since 1998, overall registrations for the month are still some -34.4 per cent below pre-pandemic levels as the industry continues to battle issues constraining supply to fulfil a backlog of orders.

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Challenges rising in Europe’s car market, says GlobalData

Data and analytics company GlobalData has released data showing that Western Europe’s car market was up 3.7 per cent year-on-year in August and the annual selling rate was also up versus July.

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June car registrations down a quarter

UK new car registrations fell 24.3 per cent year-on-year in June. According to figures released by the Society of Motor Manufacturers and Traders (SMMT), 140,958 new vehicles were registered during the month, the weakest June performance since 1996.

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Supply shortages mean May car registrations down by 20 per cent

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New UK car registrations fell -20.6 per cent to 124,394 units in the second weakest May since 1992, after the 2020 pandemic-hit market, as supply shortages continued to hamper new purchases and the fulfilment of existing orders, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The decline, compared with the first full month of reopened showrooms in May last year, demonstrates the impact of continued global supply chain disruptions, with the market -32.3 per cent below the 2019 pre-pandemic level despite strong order books.

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  3. Slight fall in August new car sales, but strong showing for electric cars
  4. Decline in car sales continues in October
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New car registrations hit 24-year low in March

UK new car registrations fell by 14.3 per cent to 243,479 units in March. Despite manufacturers reporting robust order books during the first quarter, the Society of Motor Manufacturers and Traders (SMMT) shares that ongoing supply chain shortages – especially of semiconductors – continued to squeeze supply during what is normally a busy ‘new plate’ month.

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UK car registrations up 15% in February

According to figures from the Society of Motor Manufacturers and Traders (SMMT), UK new car registrations rose by 15.0 per cent in February as 58,994 new cars joined Britain’s roads. This rise of 7,682 units was in comparison with the same month in 2021, when the pandemic shut car showrooms across the UK – registrations are down 25.9 per cent on pre-pandemic levels, as vehicle supply remains constrained by semiconductor shortages.

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January car production hits 13-year low

UK car production fell 20.1 per cent in January, to 68,790 units. The Society of Motor Manufacturers and Traders (SMMT) says this is the weakest January total since 2009. Output was down 17,262 units against the same month last year, which itself was one of the worst Januarys on record when volumes were impacted by friction in the new post-Brexit trading arrangements, extended shutdowns and the pandemic.

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Positive start’ to 2022 new car sales, but overall market levels still low

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The UK automotive sector recorded a positive start to 2022 as 115,087 new cars were registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Registrations were up by more than a quarter (27.5 per cent) on January 2021, when lockdown restrictions kept car showrooms shut.

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  1. Record sales of AFVs in February as overall market dips slightly
  2. Slight fall in August new car sales, but strong showing for electric cars
  3. 35.5% decline means lowest February car registrations for 62 years
  4. Fleet sales mean March new car sales up 11.5 per cent YOY
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