New car sales – SMMT calls for ‘carrots, not more sticks’
The UK new car market fell slightly in February, down -1.0 per cent to 84,054 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
Tag Archive for: Car registrations
“Greater encouragement” – SMMT calls for EV incentives to bridge gap between targets & registrations
The Society of Motor manufacturers and Traders (SMMT) has released registration data for January’s UK new car market, and sales of hybrids and electric vehicles rose despite a slight drop in the overall market. Despite growing EV market share, the vehicle industry association wants the government and other stakeholders to encourage more drivers to make the switch to electric.
Unprecedented EV discounting shores up September new car market
The UK new car market rose 1.0 per cent in the key ‘74’ plate change month of September, to 275,239 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). In what is traditionally a bumper month for new car registrations, second only to March, the performance was the best since 2020, but still -19.8 per cent off pre-Covid September 2019.
July marks two straight years of growth for UK new car market
The UK new car market rose by 2.5 per cent in July, delivering two years of consecutive growth, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). With 147,517 new cars reaching the road, it was the best performance for July since 2020, when a re-opening of dealerships following four months of lockdown saw a surge in deliveries to fulfil demand pent-up demand.
New car market hits ‘million motors’ milestone at half year
The UK new car market has hit the half year million motors mark for the first time in five years, after new car registrations rose in June by a modest 1.1 per cent to reach 179,263 units, according to new figures published by the Society of Motor Manufacturers and Traders (SMMT). As a result, so far in 2024, 1,006,763 new cars have been registered, up 6.0 per cent on the previous year but still down -20.7 per cent on 2019.
New car market hits ‘million motors’ milestone at half year
The UK new car market has hit the half year million motors mark for the first time in five years, after new car registrations rose in June by a modest 1.1 per cent to reach 179,263 units, according to new figures published by the Society of Motor Manufacturers and Traders (SMMT). As a result, so far in 2024, 1,006,763 new cars have been registered, up 6.0 per cent on the previous year but still down -20.7 per cent on 2019.
March shows downturn in EU car market, highlighting decline in electric vehicle sales
March’s new car registration figures from the European Automobile Manufacturers’ Association (ACEA) have shown a decline following growth in the first two months of 2024. Across the EU, registrations declined by -5.2 per cent, this included major markets like Germany (-6.2 per cent), Spain (-4.7 per cent), Italy (-3.7 per cent), and France (-1.5 per cent). However, for Q1, car registrations increased by 4.4 per cent in the EU, with solid growth in Italy (+5.7 per cent), France (+5.7 per cent), Germany (+4.2 per cent), and Spain (+3.1 per cent).
UK reaches million EV milestone as new car market grows
Britain’s millionth battery electric car (BEV) reached the road in January 2024, while the new car market grew 8.2% for the month, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The first month of the year saw 142,876 new cars registered, the best performance for the month since 2020 and the 18th consecutive month of growth. The increase was driven entirely by the fleet market, which rose by 29.9%, while private retail uptake fell -15.8%. Fleets accounted for 63.2% of new cars registered.
Decline in battery electric vehicle sales underlines continuing need to address demand – Deloitte
The -17.1 per cent decline in battery electric vehicle registrations in November may have been a result of supply chain issues, but analysts argued that the setback on the electrification of the UK car parc also underlines the need to continue addressing issues affecting consumer demand. Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said: “In a month where we’ve seen significant announcements in the UK supporting electric vehicle (EV) production, the decline in sales of battery electric vehicles in November is a reminder that we also need to think about demand and the underlying charging infrastructure that’s required for consumer adoption.”
Latest new car registrations: ‘best November for four years’
The UK new car market grew by 9.5 per cent in November to reach 156,525 units, according to figures from the Society of Motor Manufacturers and Traders (SMMT). In the market’s best November for four years, registrations almost returned to pre-pandemic levels, down just 96 units (-0.1 per cent) on 2019.
New car sales growth continues in October – SMMT revises annual outlook upwards
SMMTOctober’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.
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.
Electrification growth boosts new car sales in August
SMMTThe 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.
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.
January rise in UK new car sales marks 6th consecutive month of growth
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.
