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SMMT

UK used car market remains stable in Q1

UK used car market remains stable in Q1

News, SMMT
The UK’s used car market remained stable in the first quarter of 2019, in stark contrast to the country’s new registrations figures. The market dropped just 0.6% between January and March, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). A total of 2,020,144 transactions took place, with segment and powertrain trends seen at the end of last year continuing into 2019 and March the busiest month of activity. Fuel types In contrast to last year’s figures, sales of diesel-powered cars fell by 3.6% in the quarter. Currently, sales of new diesel vehicles in the UK are down 18.4% to April, as the technology suffers from demonisation and tax increases.  New vehicle excise duty (VED) rates came into force for diesel cars during 2017, and the d
UK car market falls again in April as AFV registrations grow

UK car market falls again in April as AFV registrations grow

News, SMMT
UK new car registrations fell again in April as Brexit uncertainty continues to disrupt the automotive sector and delayed vehicle supply no longer comes to the rescue. Registrations in the country were down by 4.1% year-on-year in April according to data released by the Society of Motor Manufacturers and Traders (SMMT). This is the second consecutive month that new car demand has suffered a big drop as the UK has extended its departure date from the European Union and wrestles with economic uncertainty and ongoing deterioration in demand for diesel cars. The downturn in demand is hardly unexpected given the current trading environment and as supply normalises following the implementation of WLTP in September. Delayed car deliveries are no longer boosting registrations ...
Growing UK car Parc includes record number of EVs

Growing UK car Parc includes record number of EVs

Electric Vehicles, News, SMMT
The number of plug-in electric cars on British roads grew by three quarters last year, according to new Motorparc data released today by the Society of Motor Manufacturers and Traders (SMMT).  The UK’s largest automotive analysis shows there is now a record 195,410 plug-in vehicles on our roads, reflecting the growing choice of models now on offer. Overall ownership of alternatively fuelled vehicles (AFVs) increased by almost 30% last year, with more than 620,000 hybrid, plug-in hybrid, and battery electric cars now in use. The electric vehicle market is going to expand significantly in the coming years, with models from Audi and Mercedes-Benz hitting the roads in the next 12 months, while companies such as Volkswagen Group and planning mass model launches by 2023.
Brexit extension causes further industry uncertainty

Brexit extension causes further industry uncertainty

News, SMMT
The European Union has agreed to extend the Brexit deadline to 31 October 2019, following a meeting of country leaders. Britain was due to crash out of the EU without a deal on 12 April following a short extension to the original deadline of 29 March. However, following the meeting, the 27 member states have agreed on a flexible extension in order to allow the UK Government to get its withdrawal agreement through Parliament. The UK’s Prime Minister Theresa May had been seeking a short extension to 30 June, which would allow the country to miss taking part in European Parliament elections, but EU President Jean-Claude Juncker instead proposed a year’s flexible delay. This, however, was not met with enthusiasm from some leaders, including French President Emmanuelle Macron, who wa
UK car sales fell in ‘crucial’ March month

UK car sales fell in ‘crucial’ March month

News, SMMT
UK new car registrations declined in March as the industry continued to fluctuate in the wake of uncertainty. Sales in the country were down by 3.4% according to datareleased by the Society of Motor Manufacturers and Traders (SMMT). With issues surrounding Brexit, economic uncertainty and continued deterioration in diesel sales, the month of March, traditionally a strong one due to new plate releases, gave the market its first big drop of 2019. The first plate change of the year is often seen as a bellwether period for the UK sector, highlighting consumer confidence and the health of wider economy as consumers are driven into showrooms. Demand fell in both the private and business sectors, with registrations down 2.8% and 44.8% respectively, while fleet demand was stable...
New car sales suffer modest drop in January

New car sales suffer modest drop in January

News, SMMT
The UK’s new car market has started the year with a decline, with diesel sales, in particular, taking the volume into negative territory. Sales in January were down by 1.6% compared to the same month last year according to the latest SMMT figures. A total of 161,013 new cars were registered for use on UK roads, with trends in fuel choice seen last year continuing into the first month of 2019. Following a decline in December, private demand increased by 2.9%, with 71,378 new cars registered in the month. However, demand from business and fleet buyers fell by 33.5% and 3.4% respectively.  Petrol demand grew in the month, by 7.3%, but the demise of the diesel market shows no sign of abating in 2019 with a contraction of 20.3% in January. This is the 22nd consecutive mo
Diesel is biggest casualty in poor 2018 car sales

Diesel is biggest casualty in poor 2018 car sales

News, SMMT
The UK’s new car market dropped by 6.8% in 2018 as CO2 levels in the country rose for the second year in succession. According to the Society of Motor Manufacturers and Traders (SMMT), a total of 2,367,147 units were sold in the full twelve months. In December, the market fell by 5.5% compared to the same period in 2017. This capped a turbulent year of model changes, regulatory upheaval and continued anti-diesel policies, adding to ongoing declines in consumer and business confidence. The drop in diesel sales did not help, with December marking the 21st consecutive month of decline for the market. In 2018, diesel fell 29.6% to record a market share of just 31.7%. In December, the fuel fell 26.3%. This is despite new emissions tests showing diesels deliver in the real w
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