Author: SMMT_UK_Manufacturers Official News

February UK car production falls -14.0% as sector grapples with multiple issues

UK car production declines -14.0% in February, a loss of 17,163 units. Output for overseas markets tumbles -8.1%, with home orders down -34.9%. Figures highlight critical importance of reopening UK car showrooms on 12 April. UK car production fell -14.0% in February, with 105,008 units leaving factory gates, according to the latest figures released today… Continue reading February UK car production falls -14.0% as sector grapples with multiple issues

Business buyers in pole position on Race to Zero as consumers stuck on the grid for electric vehicle adoption

Fresh analysis reveals just 4.6% of car registrations by private buyers in 2020 were for battery electric vehicles (BEVs), compared to 8.7% for fleets and businesses. Industry sounds warning over 2030 ambition as retail incentives slashed, while 700 charge points need to be installed daily to support the market. SMMT unveils blueprint for electric revolution… Continue reading Business buyers in pole position on Race to Zero as consumers stuck on the grid for electric vehicle adoption

SMMT statement on changes to the plug-in car, van and truck grants

18 March 2021 #SMMT News Mike Hawes, SMMT Chief Executive, said, The decision to slash the Plug-in Car Grant and Van & Truck Grant is the wrong move at the wrong time. New battery electric technology is more expensive than conventional engines and incentives are essential in making these vehicles affordable to the customer. Cutting… Continue reading SMMT statement on changes to the plug-in car, van and truck grants

LCV registrations up 22.0% in February as larger vans drive market growth

04 March 2021 #LCVs #Registrations #SMMT News Registrations of new light commercial vehicles (LCVs) increase by 22.0% to 17,205 units in February. Growth driven by increased demand for larger vans, up 30.0% on last year. Year-to-date market up 9.5%, with 41,234 vehicles registered in 2021. SEE LCV REGISTRATIONS BY BRAND DOWNLOAD PRESS RELEASE AND DATA… Continue reading LCV registrations up 22.0% in February as larger vans drive market growth

New car registrations drop -35.5% as lockdown depresses demand ahead of ‘new reg’ month

Weakest February since 1959 as 28,282 fewer cars registered during traditionally quiet month. 1 Battery electric (BEVs) and plug-in hybrid vehicles (PHEVs) continue to spark demand, accounting for more than one in eight registrations. Market outlook downgraded to 1.83 million registrations in 2021 as showroom closures continue to stall order books. SEE CAR REGISTRATIONS BY… Continue reading New car registrations drop -35.5% as lockdown depresses demand ahead of ‘new reg’ month

SMMT reaction to the Budget

03 March 2021 #SMMT News Mike Hawes, SMMT Chief Executive, said, “Today’s budget provides some encouragement to an automotive sector hit hard by the pandemic and additional trading costs but it falls short of the support needed to transform the industry and market to the net zero future to which both the government and industry… Continue reading SMMT reaction to the Budget

January UK engine production falls -29.3%

26 February 2021 #UK Manufacturing UK engine manufacturing output declines -29.3% in January with just 168,291 units built. Production for domestic and overseas markets falls -27.2% and -30.8% respectively. 13th consecutive month of decline as automotive sector looks towards March budget for support. Mike Hawes, SMMT Chief Executive, said, It has been an extremely challenging… Continue reading January UK engine production falls -29.3%

UK commercial vehicle manufacturing down -31.5% in January

26 February 2021 #UK Manufacturing UK commercial vehicle production starts the year down -31.5% to 5,616 units. Output falls for both domestic and overseas markets, declining -28.8% and -33.6% respectively. Industry calls for supportive measures in upcoming Budget to help restore market confidence and encourage fleet renewal. UK production of commercial vehicles (CVs) declined -31.5%… Continue reading UK commercial vehicle manufacturing down -31.5% in January

January UK car production falls -27.3% as industry calls for measures to support competitiveness

Weakest January since 2009 as UK car manufacturing output declines -27.3% to 86,052 units – the 17th consecutive monthly decline. Better news for alternatively fuelled vehicles with 21,792 cars made, up 18.9%. Having lost car production worth £11.3bn to pandemic, sector urges Chancellor to introduce measures to enhance auto manufacturing competitiveness. UK car production fell… Continue reading January UK car production falls -27.3% as industry calls for measures to support competitiveness