The UK’s new light commercial vehicle (LCV) market returned to growth in August, rising 1.7 per cent to record the best performance for the month since 2021 after two months of decline. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), 16,575 vans, 4x4s, pickups and taxis joined the road in what is traditionally a low volume month ahead of September’s plate change.
Continuing the recent trend, fleet purchases drove the market, accounting for six in 10 cars registered last month, or 51,329 units, despite a -1.2 per cent drop compared with the same month last year, Registrations by private buyers, meanwhile, were flat, up 0.2 per cent units to 32,110. Business registrations were down by -30.3 per cent to 1,136 units.
The UK new car market rose by 2.5 per cent in July, delivering two years of consecutive growth, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). With 147,517 new cars reaching the road, it was the best performance for July since 2020, when a re-opening of dealerships following four months of lockdown saw a surge in deliveries to fulfil demand pent-up demand.
2024 The UK new light commercial vehicle (LCV) market declined -4.5 per cent to 33,066 units in June, ending a record-equalling 17-month growth run, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Despite the fall, the market has remained robust in the first half of the year – up by 4.5 per cent with some 177,620 new vans, pickups and 4x4s registered in 2024, the best performance since 2021.
The UK new car market has hit the half year million motors mark for the first time in five years, after new car registrations rose in June by a modest 1.1 per cent to reach 179,263 units, according to new figures published by the Society of Motor Manufacturers and Traders (SMMT). As a result, so far in 2024, 1,006,763 new cars have been registered, up 6.0 per cent on the previous year but still down -20.7 per cent on 2019.
SUV sales in the UK have increased by 23 per cent since 2022, according to Transport & Environment analysis of Dataforce data. In 2022, the number of new SUVs (sports utility vehicles) registered stood at 910,000 but now that number has grown by a third and stands at 1.12 million. In 2021, 50 per cent of all new car registrations were SUVs. In 2022, that figure stood at 57 per cent. And in 2023, that rose again to 60 per cent. If the trend continues, in 2027 SUV registrations could make up 75 per cent of new registrations.
Britain’s millionth battery electric car (BEV) reached the road in January 2024, while the new car market grew 8.2% for the month, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The first month of the year saw 142,876 new cars registered, the best performance for the month since 2020 and the 18th consecutive month of growth. The increase was driven entirely by the fleet market, which rose by 29.9%, while private retail uptake fell -15.8%. Fleets accounted for 63.2% of new cars registered.
The new car market grew 28.3 per cent in July with 143,921 new vehicles registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). As a result, the market has enjoyed non-stop growth for a full year despite challenging economic conditions, as supply chain challenges ease, production increases and deliveries can be fulfilled.
The number of UK light commercial vehicles (LCV) registered in the UK grew for the seventh consecutive month in July, increasing by 44.2 per cent to 26,990 units, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). In the best July since 2020, registrations were also up 4.4 per cent compared with pre-pandemic 2019 volumes, a result of rising demand for new vans, pickups and 4x4s and the easing of supply chain issues constraining production.
Commenting on the latest vehicle registration figures, Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, explained that while demand for electric vehicles continues, the benefits of transitioning are reducing.
The UK new car market grew 23.5 per cent in November to 142,889 registered units in the fourth consecutive month of year-on-year growth, according to new figures from the Society of Motor Manufacturers and Traders (SMMT). The growth delivered the best total for November since 2019, with manufacturers continuing efforts to fulfil orders amid erratic global components supply. However, registrations in the month were still -8.8 per cent below 2019 levels and, while further recovery is anticipated in 2023, global and domestic economic challenges mean that the market will remain below pre-pandemic levels.
The UK’s new light commercial vehicle (LCV) market fell by -22.2 per cent in November, with 24,352 of the latest vans joining Britain’s roads, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). While the scale of the decline is artificially inflated in comparison with last year, which saw the best November performance in history, the total is the lowest recorded for the month since 2013, and is some -13.9 per cent below the pre-pandemic five-year average.
New car registrations fell in October for the fourth consecutive month, with the Society of Motor Manufacturers and Traders (SMMT) reporting a 24.6 per cent decline to 106,265 units compared with October last year. The market’s monthly performance was the weakest seen since October 1991; demand from large fleets fell by 40.4 per cent, driving most of the decline. Private demand declined by just 3.3 per cent, but SMMT points out that consumer uptake during the pandemic-affected October 2020 was weak as well.
New plug-in vehicle uptake rates have accelerated so rapidly that the Society of Motor Manufacturers and Traders (SMMT) forecasts more of these joining Britain’s roads in 2021 than during the whole of the last decade. It expects that around 287,000 zero-emission cars will be added to the UK car parc this year, a figure equalling around one-sixth of all new cars. A total of just 271,962 new battery electric and plug-in hybrid vehicles (BEVs & PHEVs) were registered between 2010 and 2019. Furthermore, current forecasts suggest that BEV registrations will exceed those of diesel by the end of 2022.
Registrations of new cars in June grew 28.0 per cent year-on-year to 186,128, according to the Society of Motor Manufacturers and Traders (SMMT)’s latest figures. The monthly performance was again artificially lifted through comparison with June 2020, when the UK began to emerge from the first pandemic lockdown and showrooms in England opened up at the beginning of the month.
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