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 [...]
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 [...]
According to new figures from the Society of Motor Manufacturers and Traders (SMMT) a total of 106,265 new cars where registered in October 2021. That is a -24.6% decline compared to the same month last year. The current performance reflects the challenging supply constraints, with the industry battling against semiconductor shortages and increasingly strong economic [...]
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 [...]
Figures from the The Society of Motor Manufacturers and Traders (SMMT) show that last months UK new car market declined by -35.5%. Registrations for plug-in vehicles continued to grow. “February is traditionally a small month for car registrations and with showrooms closed for the duration, the decline is deeply disappointing but expected. More concerning, however, is that these closures have [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) show that in 2020 the UK new car market fell by -29.4%. 132,682 new cars were registered in December 2020 with the Tesla Model 3 topping the list. Interestingly, the Volkswagen ID.3 was the 4th best selling car last month. The UK best selling car [...]
UK registrations are up for the first time this year by 11.3% in July. 174,887 new cars were registered last month.Year-to-date new car registrations are down -41.9%. “July’s figures are positive, with a boost from demand pent up from earlier in the year and some attractive offers meaning there are some very good deals to [...]
