Overall, the UK’s new car market enjoyed marginal growth in February, up 1.4% following five straight months of decline,
Fleet and business registrations in January were almost 5% (4.88%) lower than in the same month last year, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
True fleet sales were down by 7.2% in 2018, slightly ahead of the 6.8% overall decline in the new car market.
Carmakers jostle with start-ups for control of next-generation mobility
Pace of growth of plug-in registrations in the UK is half the EU average.
UK car production fell 9.1% to 1.52m units in 2018, while fresh investment halved, with two thirds of UK’s global car trade at risk from a ‘no deal’ Brexit.
Skoda UK has announced a successful 2018 for its fleet division – maintaining a 3.5% market share and increasing true fleet registrations to 3.9%.
Grey cars became the most popular in 2018, overtaking black as the UK’s favourite new car colour.
The fleet and leasing industry faces further uncertainty after MPs voted down Theresa May’s Brexit deal.
Fleet sales were down more than 7% last year, as the new car market suffered its worst performance in five years.
British car production fell by a substantial 19.6% in November, with 129,030 units manufactured, according to figures released today by the SMMT.
Despite sales of new diesel cars tumbling by more than 300,000 vehicles in 2018, demand for the fuel is still high in the leasing market, says Vantage Leasing.
The growth for petrol and alternative fuel vehicles failed to offset a further fall in diesel demand in November, according to the SMMT.
A no deal Brexit could harm three quarters of automotive businesses in the UK, according to a new survey by the Society of Motor Manufacturers and Traders (SMMT).
Fleet decision-makers also discuss cash or company car options and car clubs
Following September’s decline of 22.49%, October's registrations were down 2.9% year-on-year, leaving the market down 7.2% year-to-date, with WLTP still impacting on model availability.
New car registrations to fleet and business are down 7.7% year-on-year, according to new figures from the Society of Motor Manufacturers and Traders (SMMT).
Nearly 50 new players from the technology sector came together with five of the world’s leading motor industry brands, to help shape the future of transport and mobility.
The Society of Motor Manufacturers and Traders’ (SMMT) new car registration figures show fleet uptake declined by 22.4% in September, as a result of WLTP testing backlog.
New SMMT analysis suggests that no-deal and the resulting tariffs on light vehicles alone would add £5 billion to the collective EU-UK auto trade bill.
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