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Buoyant new car sales in June as SMMT calls for VAT cut on public charging

SMMT

The new car market grew 25.8 per cent in June with 177,266 vehicles registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The June performance marks the 11th consecutive month of growth as the industry gradually overcomes the pandemic-induced supply chain shortages that constrained production for much of the previous two years. With waiting times easing and pent-up demand being met, the sector is a rare bright spot in a gloomy economic landscape even though overall market volumes remain below pre-pandemic levels.

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  1. New car sales continue to slide in October
  2. June UK car sales – decline continues as low emission sales falter
  3. Slight fall in August new car sales, but strong showing for electric cars
  4. Supply shortages mean May car registrations down by 20 per cent
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European 2023 car sales set to rebound from 2022 low – Bloomberg Intelligence

European new-car sales rose 17 per cent in May – a 10th straight month of growth – thanks to a 13.3 per cent year-earlier decline and pent-up demand, finds a new report from Bloomberg Intelligence (BI). This is driven by easy year-earlier comparisons, fewer supply-chain hurdles and pent-up demand.

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  1. Most successful year for electric cars, but 2021 UK registrations just 1% higher than 2020
  2. ‘Year EVs became mainstream’ but infrastructure, pricing concern buyers – Deloitte
  3. Dealers optimistic about demand despite current new car issues – NFDA
  4. European car sales could grow 5-10 per cent in 2023 as battery electric vehicle competition heats up
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Tenth month of growth for UK new car market

The UK new car market has posted its longest uninterrupted period of expansion for eight years, as registrations grew 16.7 per cent in May to reach 145,204 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The performance marks 10 consecutive months of growth, although registrations remain -21.0 per cent below pre-pandemic 2019 levels.

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Related news:

  1. Record sales of AFVs in February as overall market dips slightly
  2. Fleet sales mean March new car sales up 11.5 per cent YOY
  3. New car sales continue to slide in October
  4. Slight fall in August new car sales, but strong showing for electric cars
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March new car market continues recovery with eighth month of growth

UK new car registrations in March bounced back by 18.2 per cent to deliver the best ‘new plate month’ performance since before the pandemic, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The increase saw 287,825 units delivered, the eighth consecutive month of growth for the new car market, as supply chain challenges slowly continue to ease. As a result, the first quarter of 2023 is the strongest since 2019, with just under half a million new cars joining the road.

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  1. UK new car market down a third as tentative restart reveals subdued demand
  2. Fleet sales mean March new car sales up 11.5 per cent YOY
  3. EVs energise new car market but chargepoint rollout must accelerate, says SMMT
  4. January rise in UK new car sales marks 6th consecutive month of growth
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February UK new car market marks seventh straight month of growth

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UK new car registrations grew by 26.2 per cent in February as 74,441 new cars joined Britain’s roads, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). While February is typically low volume ahead of the March plate change, this year it marked the seventh month of consecutive growth as easing supply chain shortages steered the market closer to pre-pandemic levels, down just -6.5 per cent on the same month in 2020.

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  1. Best January for new car sales for eight years
  2. Fleet sales mean March new car sales up 11.5 per cent YOY
  3. January rise in UK new car sales marks 6th consecutive month of growth
  4. SMMT urges government to back new-tech diesel following market decline, uncertainty
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European car sales could grow 5-10 per cent in 2023 as battery electric vehicle competition heats up

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Volkswagen

A new automotive report from Bloomberg Intelligence (BI) anticipates 5-10 per cent growth for European car sales in 2023. European car sales climbed 12 per cent in January, helped by easy year-earlier comparisons, fewer supply-chain hurdles and pent-up demand that boosted registrations. While these new figures may bode well for sentiment, they still trail 2019 considerably, 25 per cent lower. In BEV share, the UK led other European nations, but other major markets now have the benefits of far more generous subsidies reducing the cost of the shift to electric powertrains.

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  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. Peak petrol – has UK hit auto landmark unnoticed?
  3. ‘Year EVs became mainstream’ but infrastructure, pricing concern buyers – Deloitte
  4. January rise in UK new car sales marks 6th consecutive month of growth
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January rise in UK new car sales marks 6th consecutive month of growth

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The UK new car market grew 14.7 per cent in January to reach 131,994 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), setting the tone for an anticipated countercyclical year of growth. This was the best start to the year since January 2020’s pre-Covid 149,279 units and is the sixth successive month of expansion.

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Related news:

  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. August car sales up 23 per cent – electric cars account for one in twelve sales
  3. Fleet sales mean March new car sales up 11.5 per cent YOY
  4. New car market up as plate change September marks 1 million EV milestone
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EVs energise new car market but chargepoint rollout must accelerate, says SMMT

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SMMT

The UK new car market recorded a third month of growth in October, with registrations rising by more than a quarter (26.4 per cent) to 134,344 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Fulfilment of strong order books helped deliver the bounce-back, although the increase follows a particularly disappointing October 2021 when deliveries fell by -24.6 per cent. In the year to date, the market is down -5.6 per cent on the same period in 2021, but still a third below pre-Covid levels.

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Related news:

  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. Fleet sales mean March new car sales up 11.5 per cent YOY
  3. UK now biggest EU market for Korean car brands – SMMT
  4. UK new car market down a third as tentative restart reveals subdued demand
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Supply shortages mean May car registrations down by 20 per cent

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New UK car registrations fell -20.6 per cent to 124,394 units in the second weakest May since 1992, after the 2020 pandemic-hit market, as supply shortages continued to hamper new purchases and the fulfilment of existing orders, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The decline, compared with the first full month of reopened showrooms in May last year, demonstrates the impact of continued global supply chain disruptions, with the market -32.3 per cent below the 2019 pre-pandemic level despite strong order books.

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Related news:

  1. Fleet sales mean March new car sales up 11.5 per cent YOY
  2. Record sales of AFVs in February as overall market dips slightly
  3. Slight fall in August new car sales, but strong showing for electric cars
  4. Decline in car sales continues in October
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Positive start’ to 2022 new car sales, but overall market levels still low

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The UK automotive sector recorded a positive start to 2022 as 115,087 new cars were registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Registrations were up by more than a quarter (27.5 per cent) on January 2021, when lockdown restrictions kept car showrooms shut.

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Related news:

  1. Record sales of AFVs in February as overall market dips slightly
  2. Slight fall in August new car sales, but strong showing for electric cars
  3. 35.5% decline means lowest February car registrations for 62 years
  4. Fleet sales mean March new car sales up 11.5 per cent YOY
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Dealers optimistic about demand despite current new car issues – NFDA

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NFDA

The National Franchised Dealers Association argues that there is cause for optimism in the new car sector based on strong consumer demand, despite a disappointing 1 per cent increase in new car registrations in 2021. Chief executive Sue Robinson said: “A poll conducted by NFDA revealed that 78.6 per cent of franchised vehicle dealers are optimistic about the level of demand in the year ahead as consumer confidence improves while we move through the pandemic and the electrification of the UK car parc continues apace.

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Related news:

  1. Fleet sales mean March new car sales up 11.5 per cent YOY
  2. Record sales of AFVs in February as overall market dips slightly
  3. August car sales up 23 per cent – electric cars account for one in twelve sales
  4. Cautious optimism on car sales from NFDA
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‘Year EVs became mainstream’ but infrastructure, pricing concern buyers – Deloitte

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Responding to the Society of Motor Manufacturers and Traders’ 2021 new car registration data, analyst Deloitte has proclaimed 2021 “the year electric vehicles became mainstream”. It added that range issues are receding as a headwind thanks to technological progress. It identifies the speed of charge point infrastructure and the price of entry post-subsidies as the major headwinds for the sector in 2022.

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Related news:

  1. Dealers optimistic about demand despite current new car issues – NFDA
  2. Peak petrol – has UK hit auto landmark unnoticed?
  3. ‘Great relief’ but recovery ‘might be slower’ than expected – analysts on car sales
  4. UK sets new record for EV registrations
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Most successful year for electric cars, but 2021 UK registrations just 1% higher than 2020

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2021 UK car sales were stalled by Covid and its impact on the supply chain, the Society of Motor Manufacturers and Traders explains. 1.65 million new cars were registered in an increase of just 1.0 per cent on pandemic-ravaged 2020, making it the second-worst year since 1992. Sales were -28.7 per cent below pre-Covid levels thanks to headwinds, which included the semiconductor shortage. However, figures did show that the transition to electric cars is proceeding quickly. More than one in six registrations were plug-in, while battery electric cars alone rose to one in nine. Overall, the SMMT notes that this means more BEVs (Battery Electric Vehicles) were registered than in 2016-2020 combined. The society added that the UK auto industry is calling for the government to extend incentives and mandate chargepoint targets. It argues that the UK needs to accelerate consumer uptake of EVs, maintaining the country’s attractiveness against competitor markets.

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Related news:

  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. Fleet sales mean March new car sales up 11.5 per cent YOY
  3. Slight fall in August new car sales, but strong showing for electric cars
  4. Car registrations ‘incredibly encouraging’ comments Carwow
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Fleet sales mean March new car sales up 11.5 per cent YOY

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SMMT

The car registration data from the Society of Motor Manufacturers and Traders (SMMT) for the month of March shows that the UK new car market recorded its first ‘growth’ since August 2020, with 29,280 more units registered during March compared to the same month last year. However, the month represents the anniversary of the first lockdown in March 2020, when the pandemic brought Britain to a standstill and registrations fell by -44.4 per cent.

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Related news:

  1. Record sales of AFVs in February as overall market dips slightly
  2. 36th month of growth in car sales
  3. Fleets drive August growth in car registrations
  4. Slight fall in August new car sales, but strong showing for electric cars
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35.5% decline means lowest February car registrations for 62 years

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The UK new car market declined by -35.5 per cent in February as 28,282 fewer units were registered during a traditionally weak month for new vehicle uptake, according to figures from the Society of Motor Manufacturers and Traders (SMMT). The industry recorded its lowest February uptake since 1959, with 51,312 new cars registered.

Read more

Related news:

  1. Record sales of AFVs in February as overall market dips slightly
  2. Slight fall in August new car sales, but strong showing for electric cars
  3. UK new car market down a third as tentative restart reveals subdued demand
  4. 36th month of growth in car sales
/by

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