Commenting on the SMMT car registration figures, Sue Robinson, Director of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle dealers in the UK, said: “Despite June’s decline, it was encouraging to see that in the second quarter the new car market was 2.3 per cent higher than last year”.
The Society of Motor Manufacturers and Traders (SMMT) is urging the UK government to act to support the sale of traditionally fuelled vehicles following the news that the UK new car market declined moderately in June. Year-on-year demand fell by -3.5 per cent, the SMMT stated, as 234,945 new cars joined British roads, representing relative stabilisation considering recent turbulence over the past year or so. While alternatively fuelled vehicle sales continue to rise, they are not yet at a level that can relieve the decline in traditionally fuelled vehicle sales, and the SMMT argues for government to provide increased support for petrol and especially new technology diesel vehicles.
Mycarcheck.com’s valuation experts reveal significant trends in the UK used vehicle market and choose a car and bike of the month.
A report from credit agency Moody’s, featured in the Financial Mail on Sunday, predicts that car sales in the UK in 2018 will be the worst in Europe with sales of new cars expected to fall by -5.5 per cent.
The UK new car market declined in the first month of the year, according to figures from the Society of Motor Manufacturers and Traders (SMMT). 163,615 cars were driven off forecourts in January, a -6.3 per cent fall compared with the same month in 2017.
In 2017, new passenger car registrations experienced an increase of +3.4 per cent on the year before. This marked four consecutive years of growth and the best result since 2007 when 16 million units were registered. Registrations rose in the majority of the largest EU markets: Italy (+7.9 per cent) and Spain (+7.7 per cent) were followed by France (+4.7 per cent) and Germany (+2.7 per cent). In the UK the market declined by -5.7 per cent.
The UK new car market declined for a seventh consecutive month in October, with 158,192 new units registered, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Demand fell by -12.2 per cent in the month, as falling confidence among buyers continued to impact the market.
The UK new car market remained steady in February, dipping just -0.3 per cent, according to figures released by SMMT. 83,115 vehicles were registered in traditionally one of the quietest months of the year ahead of the number plate change in March. Fleets drove the market, with 45,699 cars registered, up 3.3 per cent, while private demand fell -4.4 per cent to 36,018 units and business registrations declined -5.3 per cent to 1,398.
M M Auto Services, a Dingbro Ltd customer and member of the Servicesure Autocentre network, has won a special award after selling a significant number of vehicles from its virtual forecourt throughout 2016. The year’s ‘Outstanding Achievement Award’ was awarded by Car Leasing Bargains (CLB) to the Dundee-based independent garage and workshop.
The Retail Motor Industry’s chairman has lauded the role of finance packages in achieving the UK’s high rate of new car an commercial vehicle sales growth. “In an era of low interest rates, a growth in competitive finance packages favoured by retail customers has contributed to a six per cent increase in new car and commercial vehicle sales – marking a record high”, RMI chairman Peter Johnson said, speaking at this year’s Retail Motor Industry Federation annual dinner in London on 22 October.
Vauxhall has launched a Scrappage Allowance scheme, five years after the ending of the official government-backed initiative that helped jump start new car sales during the recession.
New data from BCA, the UK and Europe’s leading used vehicle marketplace, illustrates the link between rising temperatures and convertible car prices. As summer finally arrives, BCA revealed that average monthly sold prices for convertibles rose by around £250 in June to reach £9,828.
A record number of UK car buyers are opting to reduce their fuel bills by choosing ultra-low emission vehicles (ULEVs), according to research by Go Ultra Low. The latest registration figures from the Society of Motor Manufacturers and Traders (SMMT) reveal that more than 41 per cent of all alternatively-fuelled cars registered in the first quarter of 2015 qualified for the government’s plug-in car grant, up from 13 per cent over the same period in 2014.
When asked what profession a used car buyer would most trust buying from when looking for a used car in the private market, one in four buyers said they would most trust a vicar, reveals the latest survey from vehicle information experts, HPI. Surprisingly, only 19 per cent voted a motor mechanic the most trustworthy person to buy a used car from, however, this was the second most trusted profession.
Doctors and medical professionals came in third at 15 per cent, with teachers scoring 12 per cent. Bottom of the table were builders (1 per cent), IT professionals (2 per cent) and surprisingly, members of the armed forces scored just 4 per cent, along with admin staff and secretaries. Interestingly lawyers, accountants and sales professionals all scored 6 per cent.
SMMT figures on new car registrations showed a positive start to the year as the numbers grew 6.7 per cent in January to 164,856 units – the strongest January since 2007.
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