Demand for new light commercial vehicles rises by 2.4%, delivering best October performance in three years. Growth attributable to small and medium vans, but future of new pickup market at serious risk. Plug-in Van Grant extension welcome but further and more holistic support needed, as electric van uptake remains -1.9% down in 2024. SEE LCV… Continue reading New van market hits three year high but EVs need boost
Author: SMMT_UK_Manufacturers Official News
EV deliveries rise in October as overall market shrinks
New car market falls by -6.0% in October, as businesses, fleets and private buyers register 9,241 fewer vehicles. Battery electric the only powertrain to see uptake rise as manufacturers continue to subsidise transition with billions in unsustainable discounting. One in five BEV models now retailing for less than the average petrol or diesel but consumer… Continue reading EV deliveries rise in October as overall market shrinks
SMMT statement on the Budget 2024
30 October 2024 #SMMT News Mike Hawes, SMMT Chief Executive, said, The Chancellor is right to set out measures to address the deficit while investing for future growth. The automotive industry is a growth-driving sector, fundamental to the delivery of the country’s net zero ambitions. We therefore welcome today’s commitment of £2 billion of automotive transformation… Continue reading SMMT statement on the Budget 2024
New members – October 2024
25 October 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 – October 2024
September 2024 new car pre-registration figures
25 October 2024 #Pre-Registration SMMT released figures for September’s pre-registrations in the UK new car market. The data shows the number of cars disposed of by vehicle manufacturers in September 2024 that were defined as pre-registrations. Download the September 2024 release Go to Source
CV production bounces back in September
Commercial vehicle manufacturing output increases 25.9% in September to 14,643 units. Production for export up by more than a third in the month while volumes for domestic buyers rise 10.1%. Year to date production grows by 8.5% to 93,447 units in best first nine months since 2008. Commercial vehicle (CV) manufacturing output grew by more… Continue reading CV production bounces back in September
Automotive still Britain’s number one exporter of goods despite year of renewal
September car output falls -20.6% to 70,039 units as factories prepare for all-new electric models. Manufacturing for domestic and overseas markets down -20.8% and -20.6% respectively, with EU taking lion’s share of exports. New analysis shows Auto remains UK’s largest exporter of manufactured products, with shipments of cars, vans and components worth almost £47bn. UK… Continue reading Automotive still Britain’s number one exporter of goods despite year of renewal
Demand for new vans rises in September but EV uptake falls again
New light commercial vehicle (LCV) registrations up 8.3% in best September for four years. Battery electric van (BEV) uptake falls -0.5%, down for the sixth time in 2024 with market unlikely to reach the UK’s ambitious and mandated 2024 zero emission vehicle targets. Sector calls for long-term provision of Plug-in Van Grant and mandated van-suitable… Continue reading Demand for new vans rises in September but EV uptake falls again
Unprecedented EV discounting shores up September new car market
New car market up 1.0% to 275,239 units in key ‘74’ plate change month of September as heavy EV discounting shores up demand. Record 56,387 BEV registrations in September, driven by massive manufacturer discounting, pushes YTD market share to 17.8%, with 18.5% forecast by year end – still below the zero emission vehicle mandate. SMMT… Continue reading Unprecedented EV discounting shores up September new car market
Comedian Tom Allen is celebrity guest speaker for SMMT Annual Dinner
Comedian Tom Allen to entertain 1,000-strong audience at 107th SMMT Annual Dinner. Prestigious event almost sold out with guests from across automotive, adjacent sectors, government and the media. SMMT President Mick Flanagan, Vice President for Volvo, JLR, Toyota, Nissan at Adient to set out challenges and opportunities facing sector in keynote address. Entertainer and comedian Tom… Continue reading Comedian Tom Allen is celebrity guest speaker for SMMT Annual Dinner