Full year 2023 new car sales data shows Volkswagen dominated the UK’s new car market in 2023, ending the year with 162,087 registrations and market share of 8.52%, almost a whole percentage point ahead of nearest rival Ford’s 7.57%.
The SMMT has called on every political party to sign up to key pledges that would see a 10-fold increase to UK EV production to 750,000 units a year by 2030.
The UK’s used car market rallied with 4.1% growth in Q1 and EVs were the fastest growing sector, up by 56.5%, according to the latest data from the SMMT.
The UK’s car manufacturing sector remained “well below pre-pandemic levels” during Q1 2023, despite a 6% increase in production volumes over the three-month period.
New car registrations ended Q1 2023 on a high after demand from large fleets drove year-on-year volume growth of 18.2%.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said the UK’s car manufacturing sector is “on the road to recovery” following a 13.1% growth in production volumes in February.
The Society of Motor Manufacturers and Traders has laid out its blueprint for the UK to become one of the world’s most competitive locations for advanced automotive manufacturing in the electric vehicle (EV) age.
Volkswagen Group, Nissan and Dacia were among the new car market’s triple digit percentage growth winners as car manufacturers celebrated a seventh month of UK automotive sector growth in February.
The UK’s new car market experienced a 26.2% year-on-year rise in registrations to register a seventh consecutive month of growth, The Society of Motor Manufacturers and Traders (SMMT) has reported.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has admitted that the UK car manufacturing sector needs a new "pitch” to remain competitive with global rivals.
The automotive sector’s new car supply “squeeze” has been blamed for an 8.5% decline in used car sales during 2022 – with margins remaining strong as retailers struggled to source stock.
Van registrations are predicted to grow by 13.9% in 2023 after starting the new year with their first month of growth since the September numberplate change.
MG’s flagship HS SUV was the UK’s best-selling car in the first month of 2023 but Volkswagen registrations exceeded closest rival Ford by 36% to start the year as the biggest selling brand.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said the economic outlook, cost-of-living crisis and anxiety over new technology mean the new car market remains ‘fragile’, despite 14.7% January growth.
The prospects of UK car manufacturing sector’s future has been labelled “precarious” as pressure mounts to accelerate investment in zero-emissions electric vehicle (EV) production following 2022’s 9.8% sector decline.
Volkswagen retained its position as the UK’s best-selling new car brand after bumper December registrations accelerated its performance ahead of US rival Ford.
Nissan’s Qashqai SUV has become the first British-built vehicle to top the UK’s annual best-selling car rankings for 24 years.
The UK automotive sector remains “adrift of its pre-pandemic performance” after an acceleration in December new car registrations failed to arrest a full-year decline – ending 2022 down 2% at 1.61 million units.
In the latest edition of AM Magazine David Francis takes deep-dive into the UK's new car registrations and asks: "Has the market finally reached 'peak premium?'"
Ford remains in pole position to finish 2022 as the UK's best-selling automotive brand after growing its registrations once more in November.
