The UK new car market has recorded its best year since the pandemic as a strong December, up 9.8 per cent, wrapped up the 17th month of consecutive growth. 1.903 million new cars reached the road during 2023 – an increase of 17.9 per cent, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
October’s new car market grew by 14.3 per cent to reach 153,529 registrations, 7.2 per cent above pre-pandemic levels and marking the best performance for the month since 2018, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The 15th month of consecutive growth was driven almost entirely by large fleet registrations, which grew 28.8 per cent to reach 87,479 units. Private demand was stable at 62,915 vehicles, a 0.3 per cent increase, while the much smaller business sector saw registrations fall -15.2 per cent to 3,135 units. With the sustained increase in new car registrations, overall vehicle uptake is now up 19.6 per cent in the first 10 months, with the market currently enjoying its best year since 2019.
Data released by the UK car industry throughout the pandemic has shown the negative impact of Covid-19 on sales of new and used vehicles, but new research shows the figures could have been worse. A study for Kwik Fit indicates that as 3.8 million drivers said Covid-19 caused them to put off a planned car purchase. However, this was partially offset by the fact that 3.2 million drivers were prompted by the impact of the pandemic to buy a new or used car.
The threat of coronavirus and our response to this has changed much in the last six months of year, and a study conducted on behalf of Kwik Fit shows that car buying plans are no exception. While the end of the first lockdown saw a rise in car sales due to pent up demand, it seems the pandemic has changed the vehicle purchase intentions of as many as 13.9 million UK drivers.
Legal action filed in the UK against five of the world’s leading shipping companies to recoup “over payment” on behalf of all affected UK consumers and businesses.
Britain’s biggest new car discounters have been revealed ahead of the introduction of the new ‘20’ registration plate on 1 March, with Citroën dealers offering the biggest cash discounts on average, but with the Fiat Tipo attracting the biggest individual percentage discount, with close to 30 per cent available off its RRP. Research by What Car? – which guarantees shoppers on its website at least these savings – found Citroën dealers are slashing prices by an average of 16.44 per cent, meaning buyers save an average of £4431 on a new Citroën.
Nearly two-thirds (63 per cent) of car owners bought their last car outright using cash or a debit card, with over 55s the most likely to do this. The East of England is the region most likely to buy their car outright (70 per cent), and the North East the least likely to (51 per cent).
Despite the environment being the biggest driver for switching to an electric vehicle, new research by digital transformation agency, Somo, has identified that the interest in petrol vehicles is not declining. In fact, over half would consider purchasing a petrol engine vehicle next, and, surprisingly, a quarter are still considering diesel engines.
The National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers across the UK, has announced the findings of consumer vehicle purchasing patterns in the UK.
The brands offering the biggest and smallest new car discounts have been revealed in market intelligence from consumer champion What Car?’s New Car Buying platform. Citroën topped the table, while Dacia offered buyers the lowest price reductions in the first six months of 2019.
The polished floors, shiny cars and bright lights of car salesrooms still appeal to the over 55s, but younger age groups are much more likely than older generations to buy their car elsewhere, according to a new Opinium survey of over 2,000 UK drivers.
New car buyers made savings of over £2300 on average at the end of last year, despite a gradual fall in manufacturer discounts during the last quarter, according to the latest What Car? Target Price Report.
The UK new car market enjoyed a boost in August, as year-on-year demand rose 23.1 per cent, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). 94,094 new cars were registered in the month as the market responded to regulatory changes, with cost-savvy buyers taking advantage of some compelling deals in what is always one of the year’s smallest months.
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