Tag: car sales
Europe’s auto industry faces a tough 2020, says GlobalData
Following the new and tighter EU CO2 emissions rules for cars sold in Europe coming into effect in 2020, David Leggett, automotive editor at GlobalData, a leading data and analytics company, said that the European industry will find 2020 "another hugely competitive year", with increased complexity, due to car-makers factoring in "push and pull for models according to new EU CO2 fleet average rules." Leggett continues, "They will be attempting to keep exposure to potentially very hefty fines as low as possible."
Decline in car sales continues in October
UK new car registrations declined -6.7 per cent last month, according to figures from the Society of Motor Manufacturers and Traders (SMMT). 10,348 fewer cars were registered than in October last year, reflecting a tough environment for businesses and consumers as economic and political uncertainty continued to impact confidence.
Slight fall in August new car sales, but strong showing for electric cars
SMMT figures show that the UK new car market remained steady in August, with just 1,521 fewer cars registered than in the same month last year. Registrations fell by -1.6 per cent in what is typically one of the smallest months of the year, as falling demand for diesel and plug-in hybrid vehicles continued to impact the overall market.
June UK car sales – decline continues as low emission sales falter
UK new car registrations declined for a fourth consecutive month in June, with year-on-year demand falling by -4.9 per cent to 223,421 units, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). 1,269,245 new cars joined British roads in the first half of the year, down -3.4 per cent as ongoing confusion over low emission zones and diesel, the removal of key ultra low emission vehicle incentives and an overall decline in buyer confidence affected the market.
New car discounts reach £16.8 million as dealers look to attract buyers
Dealers have increased new car discounts by more than 10 per cent since February, in a bid to maintain sales. The move equates to savings of £16.8 million off manufacturer list prices across the market, according to the latest research by Britain’s leading consumer champion and new car buying platform, What Car?
How Britons choose their cars in 2019 revealed in new survey
Britons buying new cars this March are a sensible bunch, according to a new Opinium survey, mostly diligently researching cars before picking one; however, it also found plenty of people swayed by emotional factors from how good a car looks to whether it had that new car ‘look and feel’.
January car registrations – NFDA sees ‘encouraging’ signs
New passenger car registrations declined by -1.6 per cent in January with 161,013 units registered. Sales of petrol cars rose by 7.3 per cent, diesel declined -20.3 per cent and alternative fuel vehicles (AFVs) grew by 26.3 per cent. Private demand increased by 2.9 per cent, while fleet was down -3.4 per cent.
UK sets new record for EV registrations
UK electric car registrations continue to set records, as latest figures place the total number of new 100 per cent electric and plug-in hybrid cars registered last year at 59,911, making it the most successful year for electric cars to date.
Fall in new car market a ‘wake up call’ to policy makers
The UK new car market declined by -6.8 per cent in 2018, with annual registrations falling for a second year to 2,367,147 units, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). A -5.5 per cent decline in December capped a turbulent year of model changes, regulatory upheaval and continued anti-diesel policies, adding to the ongoing decline in consumer and business confidence.
UK now biggest EU market for Korean car brands – SMMT
The growing strength of the automotive relationship between the UK and South Korea has been highlighted today by the Society of Motor Manufacturers and Traders (SMMT) during its trade mission to the country.
Car sales figures represent ‘encouraging trend’ – NFDA
Commenting on the SMMT car registration figures, Sue Robinson, Director of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle dealers in the UK, said: “Despite June’s decline, it was encouraging to see that in the second quarter the new car market was 2.3 per cent higher than last year”.
SMMT urges government to back new-tech diesel following market decline, uncertainty
The Society of Motor Manufacturers and Traders (SMMT) is urging the UK government to act to support the sale of traditionally fuelled vehicles following the news that the UK new car market declined moderately in June. Year-on-year demand fell by -3.5 per cent, the SMMT stated, as 234,945 new cars joined British roads, representing relative stabilisation considering recent turbulence over the past year or so. While alternatively fuelled vehicle sales continue to rise, they are not yet at a level that can relieve the decline in traditionally fuelled vehicle sales, and the SMMT argues for government to provide increased support for petrol and especially new technology diesel vehicles.
Mycarcheck.com: Sales spikes for alternative fuel cars and 126-650cc bikes
Mycarcheck.com’s valuation experts reveal significant trends in the UK used vehicle market and choose a car and bike of the month.
Moody’s report forecasts bleak year for UK car sales
A report from credit agency Moody’s, featured in the Financial Mail on Sunday, predicts that car sales in the UK in 2018 will be the worst in Europe with sales of new cars expected to fall by -5.5 per cent.