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LCV market up 21% in 2023
- 08/01/2024
- Posted by: Alan Feldberg
- Category: News
The light commercial vehicle market grew by 21% last year to reach 341,455 units, according to the Society of Motor Manufacturers and Traders (SMMT). The UK saw an additional 59,316 LCVs join its roads than in 2022, following an extra £2bn investment by companies. December was particularly strong, with demand up [...] -
New car market finishes 2023 strongly
- 05/01/2024
- Posted by: Alan Feldberg
- Categories: Featured, News
The UK new car market grew for the 17th month in a row in December to make 2023 the best year since the pandemic. Sales were up 9.8% in December and 17.9% for the year to 1.903 million units, according to figures from the Society of Motor Manufacturers and Traders (SMMT). Meanwhile, battery electric vehicle [...] -
Early Christmas for car production
- 22/12/2023
- Posted by: Alan Feldberg
- Category: News
UK car production rose 14.8% in November according to the Society of Motor Manufacturers and Traders (SMMT). It found that 91,923 cars rolled out of factory gates, an increase of 11,832 on November last year. Production for both the home and overseas markets increased, up 13.4% and 15.2% [...] -
CV production records best November since 2007
- 22/12/2023
- Posted by: Alan Feldberg
- Categories: Featured, News
The Society of Motor Manufacturers and Traders has reported that commercial vehicle (CV) production grew again in November by 16.8% to 13,253 units. This makes it the best November performance since 2007. The November total is 51.1% up on 2019’s pre-pandemic level with output responding to demand from export [...] -
LCV market drives above pre-pandemic levels
- 07/12/2023
- Posted by: Alan Feldberg
- Category: News
Britain’s new light commercial vehicle (LCV) market grew by 12.7% in November as 27,433 new vehicles joined Britain’s fleets. According to the Society of Motor Manufacturers and Traders (SMMT), the performance is 4.6% above pre-pandemic 2019 levels and represents 11 consecutive months of rising demand, [...] -
New car sales up by 9.5%
- 06/12/2023
- Posted by: Alan Feldberg
- Category: News
The UK new car market grew by 9.5% in November to reach 156,525 units, according to the Society of Motor Manufacturers and Traders (SMMT). In the market’s best November for four years, registrations almost returned to pre-pandemic levels, down just 96 units on 2019. Growth was driven entirely by fleets [...] -
Auto industry attracts £20bn investment
- 05/12/2023
- Posted by: Alan Feldberg
- Category: News
The UK automotive industry has so far attracted approximately £20bn in private investment this year, according to the Society of Motor Manufacturers and Traders (SMMT). On top of industry’s backing for new and upgraded R&D and manufacturing facilities, the government committed a further £2bn for the sector, [...] -
SMMT names new president
- 05/12/2023
- Posted by: Alan Feldberg
- Category: News
The Society of Motor Manufacturers and Traders (SMMT) has named Mick Flanagan as its new president. Flanagan, vice-president for Volvo, JLR, Toyota, Nissan at Adient, will take up his new role on 1 January, taking over from Alison Jones, who steps down after completing her two-year tenure. He said: “I am [...] -
CV production up 59% on 2019
- 04/12/2023
- Posted by: Alan Feldberg
- Category: News
UK commercial vehicle (CV) production surged 47.1% year-on-year last month, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). It reported that 12,853 vans, buses, trucks, coaches and taxis rolled out of factory gates, up 4,113 units on last year to make this the [...] -
Car production surges by nearly a third
- 01/12/2023
- Posted by: Alan Feldberg
- Category: News
UK car production output surged 31.6% in October, according to the Society of Motor Manufacturers and Traders (SMMT). In the eighth month of growth this year, 91,512 units were produced making this the best October performance since 2019. Production for both the home and overseas markets grew, up 23.9% and [...]