According to the Society of Motor Manufacturers and Traders (SMMT) June new car registrations grew 28.0%. 186,128 new cars were registered last month.
With the final phases of the UK’s vaccine rollout well underway and confidence increasing, the automotive sector is now battling against a ‘long Covid’ of vehicle supply challenges. The semiconductor shortages arising from Covid-constrained output globally are affecting vehicle production, disrupting supply on certain models and restricting the automotive recovery. However, rebuilding for the next decade is now well underway with investment in local battery production beginning and a raft of new electrified models in showrooms. With the end of domestic restrictions later this month looking more likely, business and consumer optimism should improve further, fuelling increased spending, especially as the industry looks towards September and advanced orders for the next plate change.Said Mike Hawes, SMMT Chief Executive.
Data from the Society of Motor Manufacturers and Traders (SMMT)
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