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).
“It is positive to see both EU and UK markets experiencing consecutive months of growth. However, whilst battery electric vehicles in the UK experienced a -17.1 per cent decrease in November, according to SMMT figures, they increased by 16.3 per cent in the EU.
Britain’s new light commercial vehicle (LCV) market grew by 12.7 per cent in November as 27,433 vans, pickups and 4x4s joined Britain’s fleets, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). The performance is 4.6 per cent above pre-pandemic 2019 levels and represents 11 consecutive months of rising demand, totalling 311,754 units – the largest volume for two years as product availability continues to improve.
The -17.1 per cent decline in battery electric vehicle registrations in November may have been a result of supply chain issues, but analysts argued that the setback on the electrification of the UK car parc also underlines the need to continue addressing issues affecting consumer demand. Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said: “In a month where we’ve seen significant announcements in the UK supporting electric vehicle (EV) production, the decline in sales of battery electric vehicles in November is a reminder that we also need to think about demand and the underlying charging infrastructure that’s required for consumer adoption.”
The UK new car market grew by 9.5 per cent in November to reach 156,525 units, according to figures from the Society of Motor Manufacturers and Traders (SMMT). In the market’s best November for four years, registrations almost returned to pre-pandemic levels, down just 96 units (-0.1 per cent) on 2019.
At its 106th annual dinner, which took place in London on Tuesday, the Society of Motor Manufacturers and Traders (SMMT) announced that Mick Flanagan would be the association’s next President. He will assume office as the SMMT’s 83rd President on 1 January 2024, succeeding Alison Jones, who steps down after completing her two-year tenure.
Britain’s automotive industry is helping young people gain the life-changing advantages of car mobility, thanks to a new pilot scheme that helps fund driving lessons for new apprentices in the sector. Drive to Thrive, launched by the Society of Motor Manufacturers and Traders (SMMT) Charitable Trust Fund in partnership with automotive charity Ben, is further evidence of industry’s commitment to its workforce – with more than 14,000 new jobs related to the net zero transition being created or expected in the UK thanks to huge investment from auto employers.
Britain’s new light commercial vehicle (LCV) registrations increased by 17.7 per cent in October with 26,342 of the very latest vans, pickups and 4x4s joining Britain’s fleets, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). The growth is some 3.8 per cent above pre-pandemic 2019 levels and rounds off 10 consecutive months of rising demand this year, totalling 284,321 units. This is the highest volume for two years as the easing of supply chain disruptions means that more operators can more readily renew their fleets.
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.
UK car manufacturing rose by 39.8 per cent in September, with figures from the Society of Motor Manufacturers and Traders (SMMT) showing that 88,230 vehicles left British factory lines during the month – 25,105 more than during the same month of last year. SMMT considers September a “triple success for the sector,” with it being the strongest month of growth in 2023, the best September since 2020, and UK car making now reaching 659,901 units year to date – some 14.9 per cent above the same period in 2022.
The Society of Motor Manufacturers and Traders (SMMT) reports that the UK new car market expanded 21.0% in September, with 272,610 registrations during the month. Electrified vehicle uptake continued to grow but battery electric vehicle volume increases were driven entirely by fleet purchases, with private registrations falling 14.3% and representing less than one in ten new private purchases.
The UK new light commercial vehicle (LCV) market grew for the eighth consecutive month in August, rising 5.0 per cent to 16,303 units, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT), during what is traditionally a smaller volume month ahead of the September plate change.
The new car market grew 24.4 per cent in August with 85,657 new vehicles registered, according to the latest SMMT figures. While August is typically a quieter month with many buyers choosing to wait until the September number plate change, an increase of 16,799 units means the sector is now entering a second year of growth. Despite this improved performance, the market still remains -7.5 per cent below pre-pandemic levels. The increase was fuelled by a surge in registrations by large fleets, rising 58.4 per cent to 51,951 units, while business registrations grew 39.4 per cent to 1,635 units. Conversely, private demand softened by -8.1 per cent, compared with a supply-constrained 2022 market.
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.
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