Tag: SMMT
Demand for used EVs rises to record levels as second-hand car market grows in 2024
Used car transactions grew 5.5% in 2024 after eight consecutive quarters of growth, with 7,643,180 vehicles changing hands. Pre-loved EVs boast record demand, rising 57.4% to 188,382 units and taking 2.5% of the market. Black remains top colour choice, with superminis the most popular car type. The UK’s used car market grew by 5.5% to…
EV share of new car market rises as overall sales fall – again
The UK new car market fell by -2.5% to 139,345 units in January, according to data released today by the Society of Motor manufacturers and Traders (SMMT), as weak consumer confidence and tough economic conditions combined to deliver the fourth consecutive month of decline. Registrations by both fleet and private buyers were down in the month,…
Kia Sportage named best-selling SUV of 2024
Sportage is the UK’s best-selling SUV in 2024 Kia is the fourth best-selling brand in 2024 50% of Kia cars sold in 2024 were Eco models (fully electric, plug-in hybrid, and hybrid) 2024 saw the launch of the EV3, new EV6, new Picanto, and Sorento The Kia Sportage has been crowned the UK’s best-selling SUV…
Record EV market share but private demand slumps
New car registrations reached 1.953 million in 2024 with market up 2.6% year on year. EVs take record annual volume and market share at 19.6%, but below mandated levels. Private consumer demand contracts with just one in 10 private buyers going electric in 2024. Industry welcomes review of mandate regulation but warns current demand will…
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…
