UK automotive remains resilient despite ongoing uncertainty presented by the global economy and the UK’s future relationship with the EU, research suggests.
SMMT chief executive Mike Hawes has called on the Government to take a “consistent approach” to incentives for ultra-low emission vehicles (ULEVs).
Britain’s used car market reached record levels in 2016 with 8.2 million vehicles finding new owners – an uplift of 7.3% – according to figures from the SMMT.
The UK new car market achieved a 12-year high in January, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).
Biggest gainer is Land Rover while the usually popular Volkswagen shows dip.
Demand for white cars has fallen for the first time since 2005, but the colour is still the most popular among new car buyers.
The fleet industry has welcomed further details of the Government’s Brexit strategy, which includes pulling out of the EU single market.
The UK new car market achieved another record year in 2016, with annual registrations climbing for the fifth year in a row to almost 2.7 million.
The UK automotive industry has met with Brexit minister David Davis to call for access to the single market to be retained.
EU tariffs on cars could hit £4.5bn, with import tariffs alone pushing up the list price of cars imported to the UK from the continent by an average of £1,500.
Growth in the used car market continued in the third quarter of 2016 as UK buyers snapped up a record 2,148,050 vehicles, according to SMMT figures.
New fleet car registrations have pulled September registrations into 1.6% overall market growth.
The Society of Motor Manufacturers and Traders has revealed 23,109 vehicles that are eligible for the Government's Plug-In grant have been delivered this year.
Fleet and business registrations are continuing to help drive demand in the new car market, according to the Society of Motor Manufacturers and Traders.
The UK’s used car market grew by 7.9% to more than 4 million units in the first half of 2016, according to new figures published by the SMMT.
Fleets are driving the uptake of plug-in vehicles, with just one in four being registered to private buyers, new data suggests.
UK new car registrations to fleet and business were up 5% in July, while private sales fell by 6% when compared to the same month last year.
Fleet demand for hybrid and fuel-cell vehicles will increase, but if full-electric cars are to succeed, Government must play its part in encouraging uptake.
Fleet new car registrations have continued to grow, despite retail registrations declining for another month.
The UK automotive industry turned over a record £71.6bn last year – up 7.3% on 2014 – and now employs 814,000 people, with 17,000 new jobs created in 2015.
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