Discounting risks undermining the ability of companies to invest in next generation technologies and cannot be sustained indefinitely, according to the Society of Motor Manufacturers and Traders (SMMT).
Used car sales continued to soar in the first three months of 2024 with more stock than ever hitting the market due to sales of new cars picking up.
Private EV uptake remains sluggish leaving business buyers dominating the electric market, according to April figures from the UK car manufacturing industry which is now downgrading 2024 forecasts for all-electric cars due to falling expectations.
Making the next generation of cars contributed largely to UK car production dipping -27.1% year on year to 59,467 units in March
The UK car parc, the number of cars registered for UK roads, reached 35.7 million by the end of 2023, according to the Society of Motor Manufacturers' Motorparc database.
The SMMT said sluggish private registrations and shrinking EV demand signal the challenge for 2024, despite 10.4% growth overall in March.
Sales of new electric cars held their own during the traditionally slow month of February
The forthcoming Spring Budget is a chance for Government to launch measures to boost the industry, focused largely on jump starting market demand for EVs.
UK car production got off to a fast start in January, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
Superminis led the UK’s overall used car market growth of 5.1% in 2023, according to the latest figures from the SMMT.
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.
UK car manufacturing is positioned for a sustainable future - if buyers are offered sufficient incentives
Monochrome topped the new car colour chart for the sixth year in a row, according to the latest Society of Motor Manufacturers and Traders (SMMT) figures.
Women still face challenges when dealing with mechanics with millions finding a visit to a garage leaves them feeling uncomfortable, according to a new study.
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%.
The European Union and the UK have finalised a three year extension to trade rules, avoiding the imposition of a 10% tariff on new electric vehicles.
In a last-minute agreement, the UK and the EU have reached a deal that will delay the implementation of 'rules of origin' and the imposition of EV tariffs
The UK new car market enjoyed its best November for four years with registrations staging a near return to pre-pandemic levels
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 lack of incentivisation for private motorists to choose electric vehicles has again been highlighted by the Society of Motor Manufacturers and Traders as it fears the uptake of zero emission vehicles is "plateauing".
