Author: SMMT_UK_Manufacturers Official News

Bus investment grows again with greenest rollout in Europe

British bus market rises by 7% in fifth consecutive quarter of growth. Double deck and minibus demand doubles, with more modest growth for single deck buses. Zero emission buses now a quarter of all new registrations – sustaining the UK as Europe’s biggest market for the greenest buses. The number of new buses, coaches and… Continue reading Bus investment grows again with greenest rollout in Europe

HGV market holds steady as rigid uptake rises

UK new heavy vehicle market grows 2.6% in Q2 as overall uptake stabilises following bumper 2023. Rigid demand rises 9.7% and takes greater share of registrations as market continues to normalise. Zero emission truck uptake rises 30.0% in the quarter but still only 0.6% market share. SEE HGV REGISTRATIONS BY BRAND DOWNLOAD PRESS RELEASE AND… Continue reading HGV market holds steady as rigid uptake rises

EVs drive surge in used car sales

UK used car market grows 7.2% in second quarter, marking sixth successive quarter of growth. Used battery electric vehicles record highest ever market share at 2.4%, as sales soar 52.6%. First half transactions rise by 6.8% year on year, with market now just -3.0% below pre-pandemic volumes. Download the used car sales report for Q2… Continue reading EVs drive surge in used car sales

Demand for new vans down in July but 2024 market remains at three-year high

UK’s new light commercial vehicle registrations total 24,689 units in July, -8.5% below strong month in 2023 – with market up 2.7% in year to date. Demand falls across most segments but uptake of smaller vans more than doubles. Electric van demand down -14.6% in July, underlining need to bolster van-suitable chargepoint rollout while maintaining… Continue reading Demand for new vans down in July but 2024 market remains at three-year high

Two straight years of growth for new car market

UK new car market rises 2.5% in July to deliver 24 consecutive months of growth. Battery electric vehicle uptake outpaces overall market, up 18.8%, but remains behind mandated transition trajectory. New outlook reduces expectations to 1.968m units for 2024, with BEVs anticipated to comprise 18.5% of uptake. SEE CAR REGISTRATIONS BY BRAND DOWNLOAD PRESS RELEASE… Continue reading Two straight years of growth for new car market

New members – July 2024

25 July 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 – July 2024

CV production still strong despite supply chain-constrained first half year fall

UK commercial vehicle (CV) manufacturing falls -2.9% to 56,956 units in first half of 2024 but still a third above pre-pandemic five-year average. Export demand remains robust, up 3.6% year-to-date with seven in 10 vehicles shipped overseas, as production for domestic market falls by -14.8%. Latest independent outlook expects factories to turn out some 111,000… Continue reading CV production still strong despite supply chain-constrained first half year fall

Car production down in first half as manufacturers invest in electric future

UK car production dips -7.6% in first half of 2024 as manufacturers continue switch to electric models. Electrified vehicle production YTD also down -7.6% to 157,224 units, representing 37.8% of total output. Latest independent production outlook anticipates UK producing some 910,000 cars and light vans this year, down -9.3%, as factories repurpose. Sector looks forward… Continue reading Car production down in first half as manufacturers invest in electric future

Auto makers can drive UK’s green growth agenda with carbon emissions halved

25th automotive Sustainability Report shows UK vehicle manufacturers surpass major milestone with CO2 emissions per vehicle produced halved since 1999. More vehicles made but less energy used in 2023 with an -18% decline in CO2 emissions from factory production. Enhancing UK’s competitiveness could help deliver more than a million British-built zero emission vehicles every year… Continue reading Auto makers can drive UK’s green growth agenda with carbon emissions halved