The UK's vehicle assembly plants are expected to produce about a million cars and vans this year, well above an earlier forecast, according to the Society of Motor Manufacturers and Traders (SMMT).
The SMMT has called on every political party to sign up to key pledges that would see a 10-fold increase to UK EV production to 750,000 units a year by 2030.
The UK’s used car market rallied with 4.1% growth in Q1 and EVs were the fastest growing sector, up by 56.5%, according to the latest data from the SMMT.
UK used car sales shrank by nearly 20% in Q2, despite a 57.1% increase in used electric vehicle sales over the same period.
The SMMT is calling for more Government support and a road-map for the commercial vehicle industry’s switch to zero emissions before the 2040 deadline.
May’s new car market finished with 156,737 registrations, 14.7% lower than the last proper May market prior to the pandemic, when 183,724 units were sold in May 2019.
The new car market fell by 5.8% in August, but private demand remained steady to absorb the majority of losses that came from business and fleet registrations.
The forecast for the UK new car market has been downgraded again as the government continues to ignore calls for stimulus measures specific to the automotive sector.
"This is not a recovery and barely a restart," warned SMMT chief executive Mike Hawes today as its data showed 145, 377 new cars were registered in June, the first month out of lockdown for car showrooms in England and Northern Ireland.
British car manufacturing output declined -10.6% in July, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
The UK’s used car market was down just 0.6% or 11,517 sales in the first quarter of 2019, compared to the same period in 2018.
The SMMT is urging MPs to vote in favour of the Prime Minister’s Brexit deal in order to ‘take no deal off the table’.
UK light commercial vehicle (LCVs) registrations fell by 5.8% in June to 35,182 units, according to figures released today by the SMMT.
New car registrations fell by 3.5% in June to 234,945 units, according to the latest figures from the SMMT.
The SMMT has called for progress on Brexit and a deal that as a minimum maintains customs union membership and delivers single market benefits.
While the government continues to be accused of ‘demonising diesel’, registrations of new diesel cars in October fell by almost 30%.
The 2017 new car market has slipped into overall decline after a poor result for May.
Well over half a million new cars were registered in March 2017, setting a new record, as dealers delivered new vehicles ahead of the punitive new VED regime
Demand for new cars in February suffered a 0.3% decline year-on-year to 83,115 registrations.
The UK’s new car market closed with 2,692,786 registrations in 2016, the largest market on record.
