Author: SMMT_UK_Manufacturers Official News

Used car market hits five year high as EVs reach record share

UK used car market grows 6.5% to almost 2 million units in Q1 2024 – the fifth quarter of successive growth. Best start to a year since 2019 as second-hand market hits five year high. Zero emission car sales up 71.0% with highest ever market share at 2.1%. Download the used car sales report for… Continue reading Used car market hits five year high as EVs reach record share

New van market records best April for three years but electric transition needs boost

New light commercial vehicle market up 5.4% in April, marking 16th consecutive month of growth. Battery electric van demand falls by -42.4%, with urgent need to ramp up van chargepoint rollout. Latest SMMT outlook expects UK new van registrations to grow by 3.3% in 2024. SEE LCV REGISTRATIONS BY BRAND DOWNLOAD PRESS RELEASE AND DATA… Continue reading New van market records best April for three years but electric transition needs boost

New car market growth continues despite declining private demand

New car registrations record 21st month of growth, rising 1.0% in April. Battery electric vehicle (BEV) market share rises to 16.9%, sustained entirely by business buyers, as private retail demand continues to drop. New 2024 market outlook revises overall uptake upwards to 1.984m units, but BEV share downgraded to 19.8% as weakened private retail demand… Continue reading New car market growth continues despite declining private demand

New members – April 2024

25 April 2024 #SMMT News Find out below who has joined the premier automotive trade association and what they get from membership: SMMT data services Extensive market data providing key information to assist marketing and promotional activity, and future business opportunities. Developing business opportunities SMMT’s targeted events and Automotive Supplier Finder (ASF) service helps facilitate… Continue reading New members – April 2024

Best first quarter for CV production since 2008 despite March drop

British CV production records best Q1 since 2008, rising by 27.4% to 32,626 units. Export volumes grow 57.9% in first three months, while manufacturing for the UK declines -13.1%. Growth in January and February followed by -19.2% March decline to 7,943 units. UK commercial vehicle (CV) output rose by 27.4% in the first quarter of… Continue reading Best first quarter for CV production since 2008 despite March drop

UK car production falls in March as factories adjust for new models

British car production falls -27.1% in March, as manufacturers gear up to make new models, rounding off first quarter with volumes still up 1.1%. 59,467 cars leave factories in the month – with volumes for home and overseas markets declining-0.3% and -35.9% respectively. Latest independent outlook expects UK car and light van production to be… Continue reading UK car production falls in March as factories adjust for new models

Industry calls for ‘next generation’ incentive and infrastructure plan to decarbonise Britain’s truck fleet

Zero emission HGV use trebles in a year – but accounts for just 0.05% of HGVs on the road with end of sale in 2035. Massive manufacturer investment means operators can choose from 27 different zero emission trucks – but slow approval process means just two in five models are currently eligible for government grants.… Continue reading Industry calls for ‘next generation’ incentive and infrastructure plan to decarbonise Britain’s truck fleet

EVs drive down carbon emissions and lift vehicle ownership to record high

Number of vehicles on UK roads reaches record 41.4 million in 2023, with car ownership up 1.6% to 35,694,845 units. The average car in use saw CO2 emissions decline by -2.1%, notably thanks to incentivised investment by business fleets into EVs. One in 40 of all vehicles on roads now zero emission, including 960,896 cars,… Continue reading EVs drive down carbon emissions and lift vehicle ownership to record high

CV Show 2024 unveils UK shadow minister and executives in expert seminar series

Britain’s biggest commercial vehicle show announces speakers for all-new The Road Ahead seminar programme with expert advice on fleet decarbonisation and more. Speakers include shadow minister, senior executives, regulators and industry experts, covering everything from green fleets and regulatory change to new skills and recruitment. Seminar programme will deliver insight while the Show showcases the… Continue reading CV Show 2024 unveils UK shadow minister and executives in expert seminar series