Finance offers and heavy discounting is masking the challenges of Europe's new car market, according to JATO Dynamics.
Manufacturers struggled to hit October new car sales as they scrambled to comply with the recent Court of Appeal ruling on the duty of car finance providers to disclose detailed commission arrangements and secure clear consent from the car buyer, according to industry insiders.
Fewer than four in ten (38.8%) of new car registrations were made by private buyers so far this year despite a widening choice of over 125 battery electric models - up 38% from last year - according to the Society of Motor Manufacturers and Traders’ (SMMT) latest monthly figure
Stellantis saw a significant year-on-year drop in volumes in September, down 25%, contributing to a 3% decline in overall European new car registrations, according to analyst JATO Dynamics.
Manufacturers are set to spend at least £2 billion on discounting electric vehicles (EV) this year in a desperate attempt to stimulate demand, according to the Society of Motor Manufacturers and Traders (SMMT).
New car registrations have seen two straight years of growth, but this is against a continued backdrop of weakening retail and electric vehicle demand.
The UK new car market has hit the million sales mark in the first half of 2024 for the first time since 2019
At a manufacturer level, the market has been experiencing almost as much turmoil as at the environmental level, in-depth analysis of Q1 new car registrations SMMT data shows
Fleet and business orders accounted for almost two in every three new car registrations in January, when the month's market ended at its highest level since 2020.
Results for 2023's new vehicle market show that although Ford has firmly lost its crown overall it can still proudly claim to produce the UK's biggest-selling car and van.
Full year 2023 new car sales data shows Volkswagen dominated the UK’s new car market in 2023, ending the year with 162,087 registrations and market share of 8.52%, almost a whole percentage point ahead of nearest rival Ford’s 7.57%.
Rapid growth in fleet segment new car sales is a sign of carmakers' return to their traditional habits of large volume incentives and increased supply to car rental companies.
Polestar, Cupra, Volkswagen and Kia are among the brands picked out in our analysis of the September 2023 new car registrations in the UK.
Data for the August new car market shows that Tesla was the ninth most in-demand car brand, ahead of the likes of Mercedes-Benz, Peugeot, MG Motor and Volvo.
The number of new cars sold in July was up 28.3% versus July 2022, marking the 12th consecutive month of registrations growth since the market was hit by COVID disruption and supply issues.
Analyst David Francis dives into the first half of 2023's new car registrations, and ponders has Ford handed the gold model to Volkswagen in ending the Fiesta, and why is Polestar a hotter prospect than Tesla?
New car registrations increased by 16.7% in May, but the private market dropped slightly by 0.5% and fleets are driving the market with growth of 36.9%.
Tesla’s Model Y emerged as Europe’s best-selling car during Q1 2023 as the crossover electric vehicle (EV) beat Dacia’s Sandero, the VW T-Roc, Peugeot 208 and Vauxhall Corsa to top spot year-to-date.
The Finance and Leasing Association has predicted a 6% decline in car finance during 2023 after new business volumes declined 5% in February.
New car registrations ended Q1 2023 on a high after demand from large fleets drove year-on-year volume growth of 18.2%.
