SMMT - Page 2
Private buyer demand for new cars falls while BEVs surge to 20.7% share
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
Production falls by 20.6% in September amid shift to zero-emission models
Car manufactured in the UK suffered a significant decline of 20.6% in September, with 70,039 units rolling off production lines, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).
Sportage leads Kia’s record-breaking September
The Kia Sportage, the brand’s flagship model, was the best-selling vehicle in the UK across all brands in September, with 7,482 units sold, according to official figures released by the Society of Motor Manufacturers and Traders (SMMT).
Brand Insight with Paul Philpott, president and CEO, Kia UK
2024 is shaping up to be a record-breaking year for Kia. AM met with Paul Philpott, president and CEO of Kia UK to discuss what are the key goals for the brand and how it plans to further solidify its position in the UK market.
SMMT urges new government to help unlock £50bn growth potential
The Society of Motor Manufacturers and Traders (SMMT) is urging the next government to collaborate closely with the automotive industry to unlock its full potential, projecting a £50 billion growth opportunity over the next decade.
EV discounting risks impacting long term investment as private retail continues to lag
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).
EV discounting only route to offset stock logjam on sluggish private sales
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.