Tag: SMMT
TikTok set to be banned in the US, Nokia opens design archive in Finland
TikTok's bid to overturn a law which would see it banned or sold in the US from early 2025 has been rejected. The social media company had hoped a federal appeals court would agree with its argument that the law was unconstitutional because it represented a "staggering" impact on the free speech of its 170 million…
Discounts drive UK’s EV growth – now 1 in 4 cars are electric
UK’s new car market declines by -1.9% in November with 153,610 deliveries made. EV uptake rises as manufacturers continue unprecedented discounts totalling £4 billion this year. Industry welcomes urgent review of market regulation and incentives to deliver successful transition. Deliveries of new cars fell by 1.9% in the UK during November with 153,610 joining the…
EV deliveries rise in October as overall market shrinks
New car market falls by -6.0% in October, as businesses, fleets and private buyers register 9,241 fewer vehicles. Battery electric the only vehicles to see higher uptake as manufacturers subsidise transition with billions in unsustainable discounting. One in five BEV models now retailing for less than the average petrol or diesel but consumer support still…
UK car production fell by over 20% in September, SMMT reveals
UK car production output declined by -20.6% in September, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT) as 70,039 units rolled off production lines. The scale of the decline is, in part, exacerbated by comparison with a strong September 2023, which saw the best result for the…
UK car production falls 14% in July, says SMMT
UK car production declines -14.4% in July as model changeovers and temporary supply chain constraints restrict output. Export volumes down -16.3% but domestic demand holds up, declining by just 672 units. Production output value in first seven months of 2024 holds level, despite volume decline. UK car production fell by -14.4% in July, according to…
Musk claims ‘civil war is inevitable’ in UK, Disney child star targeted with AI sexual abuse
Elon Musk said on X that 'civil war is inevitable' after viewing rioting footage from the UK Social media firms need to take action over "shocking misinformation", online agitators and the "organisation of violence", Home Secretary Yvette Cooper has said. She told the Today programme social media firms are not acting…
Two straight years of growth for new car market, claims SMMT
UK new car market rises 2.5% in July to deliver 24 consecutive months of growth. Battery electric vehicle uptake outpaces overall market, up 18.8%, but remains behind mandated transition trajectory. New outlook reduces expectations to 1.968m units for 2024, with BEVs anticipated to comprise 18.5% of uptake. The UK new car market rose by 2.5%…
Car production falls 7.6% in first half of 2024 as firms invest in electric future
UK car production dips -7.6% in first half of 2024 as manufacturers continue switch to EVs Electrified vehicle production YTD also down -7.6% to 157,224 units Latest independent production outlook anticipates UK producing some 910,000 cars and light vans this year, down -9.3%, as factories repurpose. Sector looks forward to working with new government on…
Businesses boost EV growth as private sales remain sluggish
New car registrations up 1.7% in May in 22nd consecutive month of growth. Battery electric vehicle (BEV) market share rises to 17.6% in the month and 16.1% YTD. Retail BEV uptake declines less than overall private market as manufacturers subsidise ongoing transition. The UK new car market marked its 22nd consecutive month of growth as registrations…
New car sales grow in April but private EV share falls
New car registrations record 21st month of growth, rising 1.0% in April. Battery electric vehicle (BEV) market share rises to 16.9%, sustained by business buyers, as private retail demand continues to drop. New 2024 market outlook revises overall uptake upwards to 1.984m units, but BEV share downgraded to 19.8% as weakened private retail demand moderates expectations.…
