The UK new light commercial vehicle (LCV) market grew for the eighth consecutive month in August, rising 5.0 per cent to 16,303 units, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT), during what is traditionally a smaller volume month ahead of the September plate change.
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.
The new car market grew 28.3 per cent in July with 143,921 new vehicles registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). As a result, the market has enjoyed non-stop growth for a full year despite challenging economic conditions, as supply chain challenges ease, production increases and deliveries can be fulfilled.
The number of UK light commercial vehicles (LCV) registered in the UK grew for the seventh consecutive month in July, increasing by 44.2 per cent to 26,990 units, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). In the best July since 2020, registrations were also up 4.4 per cent compared with pre-pandemic 2019 volumes, a result of rising demand for new vans, pickups and 4x4s and the easing of supply chain issues constraining production.
The UK new light commercial vehicle (LCV) market has risen for the sixth consecutive month, growing by 31.0 per cent to 34,630 units in the best June since 2019, according to the latest SMMT figures. 169,926 new vans, pickups and 4x4s were registered in the first half of 2023, up 17.7 per cent compared with the same period last year, as once-persistent supply chain shortages ease.
The new car market grew 25.8 per cent in June with 177,266 vehicles registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The June performance marks the 11th consecutive month of growth as the industry gradually overcomes the pandemic-induced supply chain shortages that constrained production for much of the previous two years. With waiting times easing and pent-up demand being met, the sector is a rare bright spot in a gloomy economic landscape even though overall market volumes remain below pre-pandemic levels.
The number of UK light commercial vehicles (LCVs) registered in the UK grew by 15.3 per cent in May compared with last year, reaching 25,359 units, according to the latest SMMT figures. It represents the fifth consecutive month of rising deliveries as the market rebounds from a tough 2022 as supply chain challenges continue to ease, although registrations remain -13.0 per cent below the pre-pandemic 2019 level.
The UK new car market has posted its longest uninterrupted period of expansion for eight years, as registrations grew 16.7 per cent in May to reach 145,204 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The performance marks 10 consecutive months of growth, although registrations remain -21.0 per cent below pre-pandemic 2019 levels.
The UK new light commercial vehicle (LCV) market grew for the third consecutive month in March, rising by 17.3 per cent to 47,634 units, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). Traditionally a large volume month due to the new number plate, the growth was amplified by comparison with a weak March last year, when chronic supply chain shortages drove the market down by -27.6 per cent.
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.
The UK new light commercial vehicle (LCV) market grew for the second consecutive month in February, rising by 8.5 per cent to 17,540 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). While February is traditionally a volatile month due to small volumes as many operators delay procurements until March and the new number plate, the increase marks the best February performance since 1998, the year before the bi-annual plate change was introduced.
UK new car registrations grew by 26.2 per cent in February as 74,441 new cars joined Britain’s roads, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). While February is typically low volume ahead of the March plate change, this year it marked the seventh month of consecutive growth as easing supply chain shortages steered the market closer to pre-pandemic levels, down just -6.5 per cent on the same month in 2020.
UK new light commercial vehicle (LCV) registrations grew to 22,098 units in January, a year-on-year increase of 25.8 per cent, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The growth represents the first rise in new LCV registrations since the September plate change last year, and while full year growth is expected in 2023, January is traditionally a volatile month due to the intermittent nature of fleet renewal, with this year -6.2 per cent below pre-pandemic January 2020.
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.
As is being reported around the world with varying levels of schadenfreude, last year UK car production reached its lowest level since 1956. A total of 775,014 cars were produced in the UK in 2022, 40.5 per cent below 2019 figures and way under half the record production of 1,971,311 achieved half a century ago. The SMMT strives to highlight the positive news within this result, and stresses that production of electric vehicles reached a new record during 2022.
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