The UK new car market declined by -6.8 per cent in 2018, with annual registrations falling for a second year to 2,367,147 units, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). A -5.5 per cent decline in December capped a turbulent year of model changes, regulatory upheaval and continued anti-diesel policies, adding to the ongoing decline in consumer and business confidence.
Commenting on October’s car manufacturing figures, Justin Benson, Head of Automotive at KPMG UK, said:
“The automotive sector in the UK is at a hiatus. Consumer confidence is on a downward trend and is already at lower levels when compared to the same period last year.
The UK new car market declined by a modest -3.0 per cent in November with some 158,639 units registered, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). Stalling consumer confidence, supply delays due to implementation of the new WLTP emissions test and model replacement all combined to affect overall sales.
SMMT figures show that he new light commercial vehicle (LCV) market grew 9.6 per cent in November, as more than 29,000 vans and pick-ups joined UK roads. This increase represents 2,549 more pick-ups and vans registered in the month compared to November 2017.
Three quarters of UK automotive businesses fear a ‘no-deal’ Brexit will threaten their future viability, according to a new member survey announced by the Society of Motor Manufacturers and Traders (SMMT).
Following the news that UK car production fell almost 17 per cent in September, Justin Benson, head of Automotive at KPMG UK suggested the latest SMMT car manufacturing figures could motivate government to consider automotive industry incentives:
UK car manufacturing fell by -16.8 per cent in September 2018, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Compared with the same month last year, 25,610 fewer cars rolled off production lines. September’s decline caps off a turbulent first three quarters as global trade tensions, model changes and uncertainty over diesel and Brexit were exacerbated by testing backlogs due to new emissions regulations.
Bracing itself for a no-deal Brexit, the Society of Motor Manufacturers and Traders (SMMT) launched a new Brexit Readiness Programme to help the industry, especially small and medium-sized enterprises SMEs in the automotive supply chain, prepare for the UK leaving the EU on 10 October.
The British light commercial vehicle (LCV) market contracted last month according to figures from the SMMT. Just under 54,000 new LCVs were registered in the second busiest month of the year to date, a -6.1 per cent decrease in line with the overall trend so far in 2018.
The UK new car market fell by -20.5 per cent in September, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). 338,834 vehicles were registered in the month, down around 87,000 on the previous year as new testing requirements continue to affect supply and distort the market.
The Society of Motor Manufacturers and Traders (SMMT) has introduced a new two-day conference aimed at improving quality across the automotive supply chain. The inaugural Automotive Quality Management Systems (AQMS) Conference is the first event of its kind in Britain, taking place at the NEC, Birmingham, on 20 and 21 November 2018.
The British light commercial vehicle (LCV) market grew last month according to figures from the Society of Motor Manufacturers and Traders (SMMT). Just over 16,000 new LCVs were registered in the traditionally small month of August, representing a 5.0 per cent increase in demand.
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.
According to figures released today by the Society of Motor Manufacturers and Traders (SMMT), UK car production declined -11.0 per cent in July. 121,051 units left production lines as a raft of factors, including model changes, seasonal and operational adjustments and preparation for the introduction of the tough new emissions standards, affected output.
The UK new light commercial vehicle (LCV) market declined -5.9 per cent in July, with 23,309 vans and pick-ups registered, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
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