The UK new car market has hit the million motors mark for the first time in five years, after new car registrations rose in June by a modest 1.1% to reach 179,263 units, according to the Society of Motor Manufacturers and Traders. As a result, so far in 2024, 1,006,763 new cars have been registered, up 6.0% on the previous year but still down -20.7% on 2019. June’s market growth was driven … [Read more...]
Make money from these models, say Carwow
New figures revealed UK car dealers’ 10 most in-demand models, with owners being advised they could get a better price if they sell as soon as possible. Overall, the Volvo XC40 was identified as the country’s most sought after car by dealers. As high demand can often have a positive impact on a car’s value, this means owners have an opportunity to receive a better offer than usual if they act … [Read more...]
Drivers are game for a Golf
A survey has crowned the Volkswagen Golf as the country’s favourite car from the noughties. One in 10 picked the Golf as the car they love the most from the decade, placing it above every other model on the list and it was closely followed by the MINI (7.4%) and the Ford Focus (5.3%). Car-changing marketplace Carwow asked car enthusiasts about their favourite vehicles from the … [Read more...]
Plate change boosted by fleet registrations
The 24-plate change boosted new-car registrations in March, according to SMMT figures. But private buyers have put the brakes on pure electric purchases and the car makers want Government incentives to be increased to meet emissions targets.. March signals a twentieth month of consecutive growth for the automotive sector, a remarkable milestone for the industry, said Sue Robinson, Chief … [Read more...]
Newslines 15 March
The Welsh Government will be investing £1m to create a network of car clubs to connect rural communities, says outgoing Deputy Climate Change Minister Lee Waters. The move comes as part of plans to meet ambitious targets for reducing carbon emissions with aims for public transport, walking and cycling trips to account for 45% of journeys by 2040 and the clubs will provide an easy and … [Read more...]
Car sales boom on eve of Budget
February’s figures reinforce the robust performance of the UK automotive sector, maintaining a strong start to 2024 and signalling a nineteenth month of consecutive growth, said Sue Robinson, Chief Executive of the National Franchised Dealers Association, commenting on the latest SMMT new passenger car registration figures. In February, a total of 84,886 new cars were registered, an increase of … [Read more...]
EV sales are trickling ahead of last year
Five of the largest EV manufacturers in UK market increased their sales last month compared to 12 months ago, according to the latest data from New AutoMotive’s Electric Car Count. The monthly report is the most up-to-date and comprehensive electric vehicle sales data in the UK, and reveals that 15 out of 20 manufacturers are selling more EVs than they did a year ago. Despite Toyota’s CEO … [Read more...]
EV regs hit a million but petrol sales climbing too
Discounted business registrations meant Britain’s millionth battery electric car reached the road in January 2024, while the new car market grew 8.2% for the month, according to the Society of Motor Manufacturers and Traders. The first month of the year saw 142,876 new cars registered led by the Kia Sportage (above), which repeated its success of January 2022, and an UK uplift of 10,882 units on … [Read more...]
Best and worst cars to buy and own
When buying a new car, it’s always worth thinking about the potential resale value and how much it will depreciate over time. Some cars can prove to be very worthy investments, with their value increasing over time, while others may drop quickly in value as soon as they leave the forecourt. Elements such as age, condition, mileage and number of owners are all influencing factors, and there are … [Read more...]
Car makers want more EV incentives for private buyers
The UK new car market has recorded its best year since the pandemic as a strong December up 9.8%, wrapped up the 17th month of consecutive growth. Some 1.903 million new cars reached the road during 2023 – an increase of 17.9%, according to the latest figures from the Society of Motor Manufacturers and Traders. In Wales last year, registrations reached 66,761, a rise of nearly 16% over 2022 and … [Read more...]
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