The new car market grew 25.8% in June with 177,266 vehicles registered, according to the latest figures from the Society of Motor Manufacturers and Traders as it warned of problems ahead in 2024. The June performance marks the 11th consecutive month of growth as the industry gradually overcomes the pandemic-induced supply chain shortages that constrained production for much of the previous two … [Read more...]
Tesla top UK registrations as recovery continues
New car sales are recovering but more slowly than expected by car makers. The global shortage of micro-chips is affecting outputs from plants, said the Society of Motor Manufacturers and Traders. June’s UK registrations of 186,128 new cars is 16.4% below the last decade’s average for the month and the second quarter’s total is still 9,000 units short of their expectations due to the chip … [Read more...]