Car registrations Archives - Page 4 of 15 - Tyrepress

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Auto industry ‘far from out the woods’ despite car sales growth – KPMG

Commenting on SMMT’s new car registration figures for the month of July, Andrew Burn, UK head of automotive at KPMG, said: “With social distancing measures easing and dealerships finally in a position to reopen, it’s great to see pent-up demand released and car registrations picking-up again. However, as the year-to-date figures make painfully clear, total lost sales in 2020 are expected to be £20bn, so in many ways it’s a case of damage limitation. We’re still a long way off pre-Covid-19 levels of sales.

5th August 2020/by Andrew

Pent-up demand helps UK new car registrations up 11.3%

New car registrations rose for the first time this year in July. The figure rose 11.3 per cent in the month, year-on-year, according to the latest Society of Motor Manufacturers and Traders (SMMT) figures. 174,887 cars were registered in July 2020, supported by the first full month of trading for dealerships since February. July 2019 registrations were affected by declining business and consumer confidence undermined the market. Pent-up demand and special offers led to a reprieve for the sector, but overall registrations are still down by -41.9 per cent or 598,054 units year-to-date. Despite the increase in July, SMMT’s full year outlook is for a -30 per cent decline in registrations, representing more than £20 billion of lost sales.

5th August 2020/by Andrew

Peak petrol – has UK hit auto landmark unnoticed?

Market Info, UK News

Following the SMMT’s June round of car registrations figures, analyst Deloitte wonders if there is cause to think a UK automotive landmark has passed. While much of the focus has been on the historic depths the country’s car sales have hit, the proportional demand for hybrid and electric vehicles has continued to rise at pace. Michael Woodward, UK automotive lead, Deloitte, said: “The automotive industry is taking positive steps towards recovery from the impact of COVID-19. Socially-distanced showrooms have been reopened in England for a full month, and factory production is ramping up again, in some cases faster than expected.

6th July 2020/by Andrew

Cautious optimism on car sales from NFDA

Commenting on the SMMT car registration figures, Sue Robinson, director of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers in the UK, said: “Pent-up demand helped sales during the first weeks, but the market will need to be monitored closely to support the sector over the coming months”

6th July 2020/by Andrew

UK new car market down a third as tentative restart reveals subdued demand

Market Info, UK News

UK new car registrations fell -34.9 per cent in June, according to figures from the Society of Motor Manufacturers and Traders (SMMT) as the market began a tentative restart after more than two months of lockdown. The drop was an improvement on May’s -89.0 per cent wipe-out but, with 145,377 new car registrations, this still represented a significant decline of 78,044 compared with June 2019, as dealerships in Wales and Scotland remained closed for much of the month.

6th July 2020/by Andrew

Europe’s light vehicle market faces long recovery climb: GlobalData

International News

Following ACEA’s latest assessment that new car sales in the European Union will fall by 25 per cent in 2020, GlobalData’s automotive analyst David Leggett, says: “In May, the European passenger car market (EU+EFTA+UK) suffered another sharp drop, with new registrations falling by 57.2 per cent on last year.

24th June 2020/by Tyrepress Editors

‘Positive trading’ since car showroom reopening – NFDA

Responding to the 52.3 per cent fall in May European car registrations, the NFDA says UK showrooms are reporting “positive trading” in the two weeks since reopening. The latest figures from the European Automobile Manufacturers’ Association (ACEA) show that the decline has become less severe. In April, sales had declined by 76.3 per cent.

17th June 2020/by Andrew

Commuters may help car market recovery

Stephen Goodchild

Although UK monthly new car registrations in April were lower than since the days of postwar petrol rationing, there is at least some optimism that the automotive industry will benefit from one aspect of the COVID-19 crisis. With social distancing and fear of contagion part of the ‘new normal’, mistrustful commuters may shun public transport in favour of private cars.

5th May 2020/by Stephen

UK new car registrations hit record low in April

Stephen Goodchild

Figures published today by the Society of Motor Manufacturers and Traders (SMMT) show that UK new car registrations plummeted 97.3 per cent year-on-year in April. This marks a record low for the new car market as the coronavirus pandemic forced the nation into lockdown for the entire month, with showrooms closed and car buyers housebound.

5th May 2020/by Stephen

Car registrations down 2.9% in February

February is traditionally one of the quietest months of the year for new car registrations in the UK, coming as it does ahead of the March number plate change. It was even quieter this year – data published by the Society of Motor Manufacturers and Traders (SMMT) show that last month’s sales were 2.9 per cent below those recorded in February 2019, with just 79,594 new cars registered in the UK during the month.

6th March 2020/by Stephen

UK, European car registrations decline in January

As far as the European Automobile Manufacturers Association (ACEA) is concerned, we can count Brexit as occurring from the start of this year – the association has already removed the UK from its passenger car registration figures for January 2020. Registrations for the slimmed-down EU27 region fell 7.5 per cent year-on-year, to 956,779 units. Registrations fell by a similar level on our side of the channel, with figures from the Society of Motor Manufacturers and Traders (SMMT) showing a 7.3 per cent decline in January, to 149,279 units.

19th February 2020/by Stephen

Slight fall in August new car sales, but strong showing for electric cars

Market Info, UK News

SMMT figures show that the UK new car market remained steady in August, with just 1,521 fewer cars registered than in the same month last year. Registrations fell by -1.6 per cent in what is typically one of the smallest months of the year, as falling demand for diesel and plug-in hybrid vehicles continued to impact the overall market.

10th September 2019/by Andrew

Deloitte: Electric vehicles will be cheaper than petrol/diesel by 2021

Commenting on yesterday’s new car registration figures – which showed registrations of battery electric vehicles (BEVs) increasing 158 per cent year-on-year in July despite the wider downward trend – Deloitte opines that a ‘tipping point’ between combustion and electric vehicles will occur in the UK by 2021.

6th August 2019/by Stephen

New car market declines in July but pure EV registrations almost triple

Company News, UK News

The UK new car market declined again in July, with 157,198 vehicles leaving showrooms, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). Registrations fell by -4.1 per cent, the fifth consecutive month of decline, as political and economic uncertainty and confusion over future government policy on different fuel types continued to knock consumer and business confidence.

5th August 2019/by Andrew

UK new car market falls again in May

Market Info, Product News, UK News

The UK new car market declined by -4.6 per cent in May with 183,724 units registered, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). The fall reflects continued uncertainty over diesel and clean air zones as well as the removal of incentives for plug-in hybrid vehicles. Meanwhile, the underlying economic and political instability continues to affect consumer and business confidence.

6th June 2019/by Andrew