October 2022 new car registrations grew by 26.4% according to the Society of Motor Manufacturers and Traders (SMMT). The growth in October new car sales was predominately driven by large fleet registrations which grew by 47.4%. Electrified vehicles account for one in three new cars registered. Figures from the Society of Motor Manufacturers [...]
New figures from the Society of Motor Manufacturers and Traders (SMMT) show that for the first time since February this year the new car market rose by 1.2% in August. August is typically a quieter month because many buyers would choose to wait for the September new number plate change.A total of 68,858 new cars [...]
The UK used car market fell by -18.8% during the second quarter of this year with a total of 1,759,684 transactions. Latest figures from the Society of Motor Manufacturers and Traders (SMMT) show 407,820 fewer used vehicles changed hands compared with the same period last year. With the easing of Covid restrictions in 2021 this [...]
June 2022 new car registrations fell by -24.3% according to new figures from the Society of Motor Manufacturers and Traders (SMMT). This represents the weakest new car registrations performance for June since 1996!! Better news is that Battery Electric Vehicles (BEVs) growth continues with an 14.6% increase. The semiconductor shortage is stifling the new car market even [...]
New figures out today from The Society of Motor Manufacturers and Traders (SMMT) show that May 2022 UK new car registrations fell by -20.6%.A total of 124,394 new cars were registered but this figure represents the second weakest May in three decades after lockdown 2020.Battery electric registrations rise by 17.7%. In yet another challenging month [...]
UK new car sales declined by -15.8% in April 2022. A total of 119,167 new cars were registered.The continued parts shortage and economic headwinds have forced the SMMT to revise its 2022 market forecast from 1.89m to 1.72m units.Battery electric vehicles continue their growth in 2022. The worldwide semiconductor shortage continues to drag down the [...]
New figures by the Society of Motor Manufacturers and Traders (SMMT) show that March new car registrations fell by -14.3%. A total of 243,479 new cars were registered last month - which is the weakest March since 1998. The decline in new car registrations is due to the ongoing issues with semiconductors and supply chain [...]
58,994 new cars were registered in February 2022. This is a 15% increase compared to February 2021… but it is -25.9% down on pre-pandemic February 2020. February is normally a quieter month because of the March plate change. Despite February’s traditional low registration numbers, consumers are switching to EVs in ever-increasing numbers. More than ever, [...]
The UK used car market grew by 11.5% in 2021 compared to 2020. New figures from the Society of Motor Traders (SMMT) show that 7,530,956 used car transactions took place last year. However, despite 2021 growth, used car transactions are -5.5% down on the pre-pandemic five year average. It’s good to see the used car [...]
January 2022 new car registrations increased by 27.5% compared to the same period in 2021. A total of 115,087 new cars were registered last month according to new figures from the Society of Motor Manufactures and Traders (SMMT). Growth in battery electric (BEV), plug-in hybrid (PHEV) and hybrid (HEV) accounting for almost 1 in 3 [...]
