The UK new car market grew by 11.6% in April and the SMMT has now revised its 2023 outlook to a predicted 1.83 million vehicles.
The Society of Motor Manufacturers and Traders has countered claims that motorists are ready for the first MOT to move from a car's three-year to four-year age point with its own market research.
Van buyers were seemly unphased by the March plate change as February delivered record registrations for new light commercial vehicles (LCVs).
Car retailers are expected to shrug off the key performance indicators (KPIs) of the past as they prepare for a 2023 economy which will see recessionary consumer spending habits layered on top of ongoing vehicle supply issues.
Ford has emerged as the UK’s most popular van manufacturer in 2022, with more than a third of all new LCVs registered last year wearing a blue oval.
Registrations of new cars in the plate-change month of September reached 225,269 units; the 4.6% uplift marking the new car market's second successive month of year-on-year growth, SMMT data shows.
The commercial vehicle sector has suffered its eight month of decline, as August’s registration figures were 24.6% down.
The Government is offering £20 million to nine local authorities in the UK to install install more than 1,000 electric vehicle charging points.
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 UK automotive industry has reduced its carbon footprint to the lowest level on record, with a reduction of 11.2% in 2021.
Used car retailers face critical business conditions as unprecedented market turbulence and unpredictability continue to take hold, according to Motorpoint CEO Mark Carpenter.
New car sales were down 15.8% in April 2022 versus April 2021, to 119,167 registrations. The SMMT data shows a -33.3% decrease in large fleet registrations.
Sales of new light commercial vehicles in March were down 27.6% year-on-year as supplies of large and medium panel vans continue to be constrained.
The Society of Motor Manufacturers and Traders (SMMT) has recorded the weakest February for UK car manufacturing since 2009, with output down -41.3% versus February 2021 at 61,657 units.
2022 is off to a positive start, says the Society of Motor Manufacturers and Traders, which published data showing 115,087 new cars were registered in January, including 62,300 dealership sales to private buyers.
Cox Automotive has published a prediction that new car registrations will increase by 14.1% this year.
UK car production in 2021 fell 6.7% to only 859,575 units, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT), the worst total since 1956.
Only 75,756 cars were built in the UK in November, the worst performance for the month since 1984.
The UK's new van market notched up a November sales record, finishing the month 11.4% ahead of the pre-pandemic average for the month.
November's 115,706-unit new car market brought an end to four months of consecutive decline in new car sales, by recording a 1.7% uplift over November 2020 when stronger coronavirus restrictions were in place.
