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EU sales bounce back in 2024
- 22/02/2024
- Posted by: Alan Feldberg
- Category: News
New car registrations returned to growth in Europe in January, bouncing back from a 3.3% reduction in December. According to the European Automobile Manufacturers' Association, sales were up 12.1% year-on-year, reaching 851,690 units for the month. All major markets recorded notable growth, with Germany up 19.1), [...] -
Stability returns to car sales
- 15/01/2024
- Posted by: Alan Feldberg
- Category: News
Cox Automotive is predicting a more stable year for new and used car sales, after a period of volatility. It expects 2,020,050 new vehicle registrations in 2024, an increase of 6.1% year-on-year, with 7,350,205 used car sales for the full year. Insight director Philip Nothard said: “The SMMT’s latest figures [...] -
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 [...] -
New car sales spike as EV demand rises
- 05/10/2023
- Posted by: Alan Feldberg
- Category: News
The UK new car market grew 21% in September with 272,610 registrations in the month. According to the Society of Motor Manufacturers and Traders (SMMT), this is the 14th consecutive month of growth. Sales were driven by large fleets, which rose 40.8% to 143,256 units, while private consumer demand grew 5.8% to [...] -
New car market reaches one-year of continuous growth
- 04/08/2023
- Posted by: Alan Feldberg
- Category: News
The new car market grew 28.3% in July with 143,921 new vehicles registered. This means the market has enjoyed continuous growth for a full year. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), this was the best July performance since 2020. Meanwhile, electrified [...] -
New car market surges by 25%
- 05/07/2023
- Posted by: Alan Feldberg
- Category: News
The new car market grew 25.8% in June with 177,266 vehicles registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The June performance marks the 11th consecutive month of growth as the industry gradually overcomes the pandemic-induced supply chain shortages that [...] -
Nine-month cycle delivers new optimism
- 04/05/2023
- Posted by: Alan Feldberg
- Category: News
The UK new car market recorded its ninth successive month of growth in April, with an 11.6% increase to reach 132,990 registrations, according to the Society of Motor Manufacturers and Traders (SMMT). Large fleet registrations grew by a third (33.1%) to 68,537 units while deliveries to private buyers fell by -5.5% [...] -
Cost of living bites as car finance dips
- 05/04/2023
- Posted by: Alan Feldberg
- Category: News
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in February 2023 by five per cent compared with the same month in 2022. The corresponding value of new business also fell by five per cent over the same period. In the first two months of [...] -
New car market approaching pre-Covid levels
- 06/03/2023
- Posted by: Alan Feldberg
- Categories: Featured, News
UK new car registrations grew by 26.2% in February as 74,441 new cars joined Britain’s roads. According to the Society of Motor Manufacturers and Traders (SMMT), this marked the seventh month of consecutive growth as easing supply chain shortages steered the market closer to pre-pandemic levels, down just 6.5% on [...] -
December sales rush unable to offset 2022 dip
- 06/01/2023
- Posted by: Alan Feldberg
- Category: News
The UK new car market recorded its fifth consecutive month of growth in December, with an 18.3% increase to reach 128,462 new registrations. However, the Society of Motor Manufacturers and Traders has reported that despite a strong second half to 2022 overall registrations for the year fell two per cent to 1.61 [...]