Number of new buses, coaches and minibuses joining UK roads up a third in Q3, marking six consecutive quarters of market growth. Demand rises in every segment with strongest growth in new minibus and single decker markets. Sector continues to lead road transport decarbonisation with ZEVs representing a fifth of registrations YTD. SEE BUS &… Continue reading UK gets bus boost with year and a half of growth
Author: SMMT_UK_Manufacturers Official News
HGV market slows down as demand normalises following bumper year
Heavy goods vehicle market falls by -6.0% in quarter compared with last year’s significant uptake. Decline driven by fall in demand for largest trucks, but overall uptake still above pre-pandemic levels. Zero emission truck market shrinks for first quarter this year, but share of overall market holds steady for year to date. SEE HGV REGISTRATIONS… Continue reading HGV market slows down as demand normalises following bumper year
Pre-loved EVs soar to record levels as used car market goes green
Used car market up 4.3% in Q3, marking seventh quarter of growth as almost 2 million vehicles change hands. Pre-loved EVs soar by 57.0% to 53,423 units, recording largest ever market share at 2.7%. Industry calls for urgent review of new EV market support and regulation to keep UK’s transition on track. Download the used… Continue reading Pre-loved EVs soar to record levels as used car market goes green
New van market hits three year high but EVs need boost
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
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