Car production falls but sector ‘optimistic about return to growth’ Transport and infrastructure Car production fell last month, continuing a trend seen across the year, new figures show. The number of cars built in UK factories was 8.4 per cent lower in August compared to the same month last year. The Society of Motor Manufacturers and Traders (SMMT) said 41,271 new cars left production lines, 3,781 fewer than [...]
‘Heavy discounting’ sparks new electric car sales surge Transport and infrastructure New electric vehicle (EV) registrations jumped in August as “heavy discounting” by manufacturers and a raft of new models tempted consumers to make the switch. The latest figures from the Society of Motor Manufacturers and Traders (SMMT) reveal a 10.8 per cent increase in battery electric vehicle (BEV) registrations in the last month. BEVs now [...]
Over one million new cars registered in 2024 in post-pandemic record Automotive Data from the SMMT revealed the new car market grew 1.1 per cent in June as 179,263 vehicles rolled off factory lines.
Electric vehicles lead ‘massive change’ in UK factories June 27, 2024 Electric vehicles made up almost two fifths of all new cars produced in the UK in May, according to new figures, as 26,475 models rolled off factory lines.
Caffyns: Car dealer hit by plummeting value of second-hand vehicles June 7, 2024 Car dealers Caffyns has seen its pre-tax profit slashed after the value of second-hand vehicles fell significantly.
New car market has strongest February in 20 years as firms invest in fresh wheels March 5, 2024 The UK's new car market has recorded its best February in two decades, according to the latest date from the SMMT.