Tag: SMMT
New car market stable in February
The UK’s new car market enjoyed marginal growth in February, up 1.4 per cent following five straight months of decline, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). 81,969 new cars were registered on UK roads in the month (a year on year uplift of 1,164 units), traditionally one of the quietest of the year, ahead of the crucial March plate change.
February LCV sales rise 1.8 per cent
This year to date, 36,620 new LCVs have been registered, representing a rise of 5.8 per cent on the first two months of 2018.
Yokohama 4×4 range equips latest SUVs
SMMT’s latest figures highlight that the demand for Dual Purpose (4x4, SUV and crossover) vehicles is proving to be one of the most rapidly increasing segments, with an impressive 10 per cent increase in registrations in 2018. To cater for this growing segment, Yokohama offers an extensive range of 4x4 tyres covering a broad range of vehicle applications. Not only do the tyres feature the latest technology to deliver the exceptional performance demanded in the replacement market, but they are also selected by a number of leadings manufacturers for OE fitment, including the Toyota Rav 4 and Hi Lux models, Chrysler Jeep Cherokee, Porsche Cayenne and latest BMW X5 M Performance model.
UK car production down 18.2%
January’s production figures may have delivered good news to the commercial vehicle segment, but UK car manufacturers had nothing to celebrate. The Society of Motor Manufacturers and Traders (SMMT) reports that production in British car factories declined 18.2 per cent to 120,649 units in January 2019, marking the eighth successive month of decline. Both domestic and overseas demand decreased but it was the latter that fell most, with exports down -21.4 per cent to 93,781 units.
Domestic, EU demand drives surge in UK commercial vehicle manufacturing
Commercial vehicle manufacturing in the UK grew 49.1 per cent in January. According to figures published by the Society of Motor Manufacturers and Traders (SMMT), 9,182 vans, trucks, buses and coaches left production lines during the month. A number of large domestic orders and strong market incentives helped deliver the sector’s best January performance for seven years.
SMMT figures ‘extremely worrying’ says KPMG
Justin Benson, head of automotive at KPMG UK, comments on the latest SMMT car manufacturing figures, which saw a 9.1 per cent fall in 2018.
UK CV manufacturing 8.5% up in 2018
British commercial vehicle manufacturing grew 8.5 per cent in 2018, the Society of Motor Manufacturers and Traders (SMMT) has revealed. The increase in output, with 84,888 units leaving production lines, follows weaker performances in 2016 and 2017. The SMMT added that strong market incentives ahead of model changes also played a part in boosting output.
SMMT: Automotive industry on Brexit “red alert”
UK automotive companies are reducing production and backing off investment as a way of bracing themselves for a no-deal Brexit, according to the Society of Motor Manufacturers and Traders (SMMT).
Diesel decline sees CO2 emissions rise
Average CO2 emissions have climbed almost three per cent to 124.5g/km, the Society of Motor Manufacturers and Traders (SMMT) has warned. The rise has been blamed on a diesel sales slump and experts say if CO2 emissions continue to rise it could have detrimental effects on the environment and also see countries miss their targets for slashing emissions.
UK new van market holds steady after mixed 2018
The new light commercial vehicle (LCV) market dropped -8.8 per cent in December, capping off a mixed year for the sector, which saw a moderate decline of -1.3 per cent in 2018, according to the latest figures from the SMMT.
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.
Uncertainty stalls UK car manufacturing
Commenting on October’s car manufacturing figures, Justin Benson, Head of Automotive at KPMG UK, said: “The automotive sector in the UK is at a hiatus. Consumer confidence is on a downward trend and is already at lower levels when compared to the same period last year.
‘Modest’ overall decline in November new car sales
The UK new car market declined by a modest -3.0 per cent in November with some 158,639 units registered, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). Stalling consumer confidence, supply delays due to implementation of the new WLTP emissions test and model replacement all combined to affect overall sales.
November LCV sales up 9.6 per cent
SMMT figures show that he new light commercial vehicle (LCV) market grew 9.6 per cent in November, as more than 29,000 vans and pick-ups joined UK roads. This increase represents 2,549 more pick-ups and vans registered in the month compared to November 2017.
Automotive businesses fear Brexit future
Three quarters of UK automotive businesses fear a ‘no-deal’ Brexit will threaten their future viability, according to a new member survey announced by the Society of Motor Manufacturers and Traders (SMMT).