Author: SMMT_UK_Manufacturers Official News

HGV market posts another year of growth as supply chain issues begin to ease

UK new heavy goods vehicle (HGV) registrations rise by 9.6% to 40,716 units as pandemic supply disruptions begin to ease. Rising fleet investment driven by demand for articulated trucks, typically used for long-distance deliveries, but overall deliveries remain -16.1% down on pre-pandemic levels. Sector needs a long-term, sustainable plan to safeguard fleet operator confidence and encourage… Continue reading HGV market posts another year of growth as supply chain issues begin to ease

Bus and coach market declines in 2022 with net zero funding needed for recovery

Demand for new buses and coaches declines by -1.6% in 2022, with 3,411 units joining UK roads. Single-deck bus registrations grow 40.6%, but minibuses – the largest volume segment – fall by -13.2%. Despite growth from Q1 to Q3, a particularly slow Q4, down -30.1%, rounds off weakest year since records began. Sector looks to… Continue reading Bus and coach market declines in 2022 with net zero funding needed for recovery

Used car market down but EVs buck trend

Used car transactions fall -8.5% in 2022 with 6,890,777 units changing hands as supply chain restraints curtail market. Record demand for used electrified vehicles, as transactions of BEVs soar by 37.5%, HEVs rise 8.6% and PHEVs grow 3.6% against 2021 performance. Q4 decline moderates to -4.3%, with 0.8% growth in December, signposting recovery in 2023… Continue reading Used car market down but EVs buck trend

Ashley Fernihough appointed CEO of SMMT Industry Forum

The Society of Motor Manufacturers and Traders (SMMT) is pleased to announce the appointment of Ashley Fernihough as the new Chief Executive Officer of SMMT Industry Forum, the automotive industry’s competitiveness improvement and training business. Fernihough, who has had an extensive career in the automotive sector, takes over from Richard Sadler who leaves Industry Forum… Continue reading Ashley Fernihough appointed CEO of SMMT Industry Forum

New van market starts growth year with January boost

UK new light commercial vehicle (LCV) registrations rise 25.8% in January, the first month of growth since September 2022. Battery electric van (BEV) deliveries up 53.5%, with the opportunity for a net zero rebuild in 2023. LCV market set to grow by 13.9% this year but action is needed to deliver a van-suitable charging network… Continue reading New van market starts growth year with January boost

New car market defies national trend to deliver green growth

New car market records sixth consecutive month of growth with January registrations rising 14.7% as 131,994 new cars reach the road. Plug-in vehicles continue growth but chargepoint rollout fails to keep pace, challenging consumer confidence. Latest outlook anticipates 11.1% market uplift in 2023 to reach 1.79m units despite straitened economy and strained supply chains. Delivery… Continue reading New car market defies national trend to deliver green growth

Best year in a decade for UK CV production

British commercial vehicle production grows by 39.3% to 101,600 units in 2022, the best annual performance since 2012. Output for overseas markets surges 63.4%, with production for UK increasing by 14.0% in the year. December manufacturing posts first decline of the year, down -23.6% from supply chain disruption. UK commercial vehicle (CV) production grew 39.3%… Continue reading Best year in a decade for UK CV production

UK car production down but electric vehicle output surges to new record

Annual UK car production falls -9.8% to 775,014 units in 2022 as global chip shortages and structural changes depress output. Record levels of electrified vehicle production with almost a third of all cars made fully electric or hybrid – worth £10 billion in exports alone. Volumes for UK rise 9.4% but fail to offset declining… Continue reading UK car production down but electric vehicle output surges to new record

New members – January 2023

25 January 2023 #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 – January 2023