Author: SMMT_UK_Manufacturers Official News

LCV market drops by -16.1% as businesses wait for plate change

04 September 2020 #LCVs #Registrations #SMMT News UK light commercial vehicle (LCV) registrations decline by -16.1% during the traditional ‘quiet’ month for registrations 19,407 vans registered as businesses await plate change month and clarity over economic outlook YTD sales down -36.4%, equivalent to almost 90,000 units. SEE LCV REGISTRATIONS BY BRAND DOWNLOAD PRESS RELEASE AND… Continue reading LCV market drops by -16.1% as businesses wait for plate change

New car registrations down -5.8% despite new model boost to electric vehicle demand

New car registrations decline -5.8% during traditionally quiet pre-plate change month. Private car demand remains relatively steady, down -1.7%, with 699 fewer registrations, but fleet and business purchases drop by more substantial -5.5% and -57.9% respectively. Sales of zero emission-capable cars rise by 110% as new models hit the market, but still accounted for less… Continue reading New car registrations down -5.8% despite new model boost to electric vehicle demand

Billions invested in electric vehicle range but nearly half of UK buyers still think 2035 too soon to switch

Huge investment in electric vehicle choice is driving demand, but nearly half of motorists still not ready for a 2035 switch, with higher purchase prices and charging concerns holding buyers back. SMMT calls for zero tax on zero emission-capable cars, including plug-in hybrids, alongside long-term commitment to the Plug-in Grant to drive as many as… Continue reading Billions invested in electric vehicle range but nearly half of UK buyers still think 2035 too soon to switch

British engine manufacturing falls -10.6% in July

27 August 2020 #SMMT News #UK Manufacturing UK engine production declines -10.6% in July to 176,377 units. Demand from home and international markets falls -16.6% and -6.5% respectively. Year to date output down -35.2% with 537,712 units lost in first seven months. Mike Hawes, SMMT Chief Executive, said, July’s engine production figures, while an improvement… Continue reading British engine manufacturing falls -10.6% in July

Commercial vehicle production rises 3.6% in July

27 August 2020 #SMMT News #UK Manufacturing July production up 3.6%, with 5,234 commercial vehicles manufactured. Glimmer of hope comes from uptick in orders from Europe, with 53.4% of all units produced in July destined for EU markets. Year-to-date output down -21.2%, with July growth failing to make up for 8,529-unit loss in first seven… Continue reading Commercial vehicle production rises 3.6% in July

July UK car production down -20.8% as uncertainty reigns

UK car manufacturing falls -20.8% in July with 85,696 units made as factories struggle to ramp up output and global demand recovers slowly. Production for UK buyers down -37.1% as exports also decline, but by a less substantial -16.8%. 307,707 units lost in year to date, down -39.7%, as coronavirus crisis forced markets and plants… Continue reading July UK car production down -20.8% as uncertainty reigns

Just 328 buses and coaches join UK roads in Q2, as market grapples with pandemic

17 August 2020 #Bus & Coach #Registrations #SMMT News New bus and coach registrations fall -77.1% in Q2, with 328 vehicles joining UK roads. Single-deck demand plummets -93.3% to just 51 units, down from 757 last year. 1,731 vehicles registered in first six months, down -34.6% year on year. New bus and coach registrations fell… Continue reading Just 328 buses and coaches join UK roads in Q2, as market grapples with pandemic

UK used car sales halve to 1 million as coronavirus hits Q2 demand

UK used car market plunges -48.9% in second quarter to just over 1 million transactions as coronavirus lockdown impacts the market. Pace of decline gradually eases throughout the quarter as dealers re-open in line with government rules and private market gets back on the move. Year-to-date sales down -28.7%, with 85% of 2020 losses so… Continue reading UK used car sales halve to 1 million as coronavirus hits Q2 demand

LCV market grows for first time since January with 7.1% increase in July registrations

UK light commercial vehicle (LCV) registrations grow by 7.1% in July following four months of double-digit declines. More than 27,000 vans registered in first full month since lockdown restrictions eased. Growth in all categories except vans weighing less than or equal to 2.0 tonnes. SEE LCV REGISTRATIONS BY BRAND DOWNLOAD PRESS RELEASE AND DATA TABLE… Continue reading LCV market grows for first time since January with 7.1% increase in July registrations