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SMMT

UK car market drops in November

UK car market drops in November

News, SMMT
New car sales in the UK fell again in November, according to the latest data released by the Society of Motor Manufacturers and Traders (SMMT). The figures reveal a modest 3% drop in the eleventh month of the year, with 158,639 units registered. The society blames stalling consumer confidence, supply delays due to the implementation of the new WLTP emissions test and model replacement by some manufacturers combined to affect overall sales. Reflecting recent trends, demand for petrol vehicles rose by 3.5%, while alternatively fuelled vehicle sales increased by 24.6%. However, these increases failed to offset a 16.7% decline in diesel sales as the market continues to suffer. Fleet registrations fell by 0.7%, with private sales down 6.4%. Business sales rose by 8.6% compared to t
UK registrations drop slightly in October

UK registrations drop slightly in October

News, SMMT
The UK’s new car market declined again in October as the market shows some signs of recovery following the introduction of WLTP. According to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT), registrations in October fell by 2.9% with 153,599 vehicles sold. With various carmakers still struggling with model shortages due to the new emissions test regime, the figures suggest the spike in August and decline in September are helping to balance the market out. Declines were seen in both private and fleet sectors, with registrations down 1% and 5.2% respectively. Meanwhile, continuing uncertainty over government policy on diesel saw demand fall by a further 21.3%. Registrations of petrol cars rose 7.1%, while the market for alternatively fuelled veh
UK registrations crash as WLTP effect continues

UK registrations crash as WLTP effect continues

News, SMMT
Following a near-record August for sales, the UK’s new car market has slumped in September, as effects of WLTP continue to wreak havoc with registration figures. According to the latest data from the SMMT, September saw a 20.5% decline in sales. 338,834 vehicles were sold in the UK, during a month when new plates were available to buyers. This was down around 87,000 units on the previous year and coincides with the implementation of the new testing regime. The figures were the worst for September since 2011, and only slightly up in 2008 when the global economy crashed, and the automotive market suffered as a result. The impact was felt across the board, with registrations by private consumers, fleets and businesses all declining, by 20.1%, 22.4% and 6.3% respectively. Registra
August registrations jump as WLTP boosts figures

August registrations jump as WLTP boosts figures

News, SMMT
The UK car market saw a large amount of growth in August. However, the introduction of WLTP regulations on 1 September could have skewered the results. Demand in the month grew by 23.1%, according to results from the Society of Motor Manufacturers and Traders (SMMT). A total of 94,094 vehicles were registered in what is often considered to be one of the smallest months of the year, before the UK’s plate change in September. The numbers suggest that the introduction of WLTP has had an effect, with dealers offering deals on stock, and manufacturers resorting to pre-registering vehicles. This avoids the need to look at expensive retrofitting of models already built, as new rules state all vehicles sold after 1 September 2018 need to be WLTP accredited. One example of how the figu
UK car sales rise again in July

UK car sales rise again in July

News, SMMT
The UK’s new car market returned to growth in July, with modest increases in sales as registrations continue to stabilise. According to figures released by the Society of Motor Manufacturers and Traders (SMMT), during the last month, new vehicle sales increased by 1.2%, with 163,898 units leaving dealer forecourts. This comes following a turbulent first six months of the year, where the market came out of a 12-month period of decline in April, only to suffer again in June with another sales drop. The market has continued its trend seen in the last few months, with diesel registrations falling by 24.4%, while petrol sales climbed by 20.1% and alternative fuel vehicles (AFV) growing 21%. Amongst these, the share of hybrids and plug-in hybrid (PHEV) reaching a record 6.5% market sha
SMMT figures reveal June drop in sales

SMMT figures reveal June drop in sales

News, SMMT
The UK’s new vehicle registration numbers have declined in June, following two months of growth in the country. According to the latest figuresreleased by the Society of Motor Manufacturers and Traders (SMMT), June saw 234,945 new vehicles registered, down 3.5% compared to the same month last year. The drop is modest and expected as the market in the UK continues to stabilise following a twelve month period of decline. Much of the decline can be laidat the door of the diesel market. In June, sales of vehicles powered by the technology dropped 28.1%, with just 74,361 units sold for a market share of 31.7% in the month. In comparison, petrol vehicle sales grew 12.3% with a total of 145,035, while alternatively fuelled vehicles, including battery electric, hybrid and plug-in hybrid,
New car figures continue to grow but diesel struggles

New car figures continue to grow but diesel struggles

News, SMMT
The UK’s new car market recorded a second consecutive month of growth in May, signalling a return to strength for the industry. Prior to April, new registrations in the country had dropped for twelve consecutive months, with increases in vehicle excise duty (VED) and a decline in diesel sales partially to blame. However, in May, the industry grew sales by 3.4%,with 192,649 consumers driving home in a new vehicle. The result is a stark contrast to May 2017, which saw an 8.5% year-on-year decline. This year, Private demand in the month grew by 10.1%, with more than 83,000 consumers driving home in a new car, and offsetting ongoing declines in the business and fleet sectors, down 9.6% and 0.7% respectively. The most popular vehicle segments were supermini (up 6.0%), small family (up
New car sales finally rise in April

New car sales finally rise in April

News, SMMT
The UK’s new car market recorded its first rise in 12 months during April as the country finally shook off its vehicle excise duty (VED) hangover. The market grew by 10.4% in April, with 167,911 new units registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Demand was affected by a number of factors, including the timing of Easter, which resulted in two extra selling days during the month compared to last year, while the adverse weather during March pushed some deliveries into April as well. However, the biggest factor in the growth during the month is the poor performance of the same month last year. This was caused when the UK government changed VED rates, meaning all except zero-emission vehicles were required to pay a flat ra
Why are new car sales falling?

Why are new car sales falling?

Features, SMMT
The UK’s new car market is struggling, with sales down last year, and a further drop already forecast for 2018. March saw the 12th consecutive month of decline, but why have the sales of new vehicles gone from record highs to such lows? The first thing to remember is that despite what the mainstream press states, the market is not really ‘struggling’. Last year, over 2.5 million vehicles were sold in the UK, compared to 2.69 in 2016. A drop of around 200,000 vehicles cannot really be called a crisis, especially as 2016 was a record year, with the highest sales figures ever recorded. It is a case that over time, sales figures will ebb and flow. Yet in this instance, there are a few factors which are inorganically causing a seismic shift in the industry, and this could end up being goo
Diesel drags UK new car market into twelfth month of decline

Diesel drags UK new car market into twelfth month of decline

News, SMMT
The UK new car market is continuing to suffer, with a dramatic drop in diesel sales leading to a twelfth consecutive month of decline. New figures released by the Society of Motor Manufacturers and Traders (SMMT) show that sales figures in March 2018 dropped by 15.7% compared to the same month last year. However, March 2017 was the biggest month on record for new car sales, as buyers seized the chance to purchase vehicles before new Vehicle Excise Duty (VED) rates came into force. The SMMT states that despite this large drop, March 2018 still represents the fourth biggest since registration tracking began. As new 18 plate vehicles came to dealer forecourts, 474,069 units were sold, compared to 562,337 during 2017. That was the last month of sales growth in the country, representi...