The UK’s new heavy goods vehicle (HGV) market fell -73.4% in the second quarter of 2020, with 4,151 units registered, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). While the bulk of the decline was driven by coronavirus lockdown measures, a particularly strong Q2 in 2019 – when the […]
With full lockdown measures in place for the whole of April and May, the impact on the used car market, albeit devastating, is not surprising. According to the latest figures released by SMMT this week, the market for second-hand cars declined by almost half in the second quarter, with just over one million units changing […]
The UK’s used car market declined by -48.9% in the second quarter of 2020 with just 1,039,303 units changing hands, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). The decline followed a bumper January and February, with growth going into reverse as coronavirus lockdown swept the UK. The […]
The number of new cars registered by UK buyers rose by 11.3% in July, according to the latest figures released by SMMT this week. The year’s first month of growth offers a reprieve for the industry as dealerships across the UK were able to open for their first full month of trading since lockdown began. […]
An electric vehicle (EV) retailer has opened its first store in the centre of Bristol, following a funding package from Lloyds Bank. EcoMove, which was founded in June 2019 and distributes electric mopeds, bikes and scooters, last week opened the doors to its flagship store on Hotwell Road in Bristol. The launch was made possible […]
The UK new light commercial vehicle (LCV) market saw its first month of growth since January, with a 7.1% increase in registrations, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). In total, 27,701 new LCVs joined Britain’s roads. Growth was particularly pronounced in medium-sized vans weighing greater […]
UK new car registrations rose for the first time this year, by 11.3% in July, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). Some 174,887 cars were registered in July 2020 as dealerships across the UK opened for their first full month of trading since February.2 This represents a […]
Insurance premiums for van drivers have dropped an average of 2.3% in the last three months, according to the latest figures from data analytics company Consumer Intelligence. The average UK van insurance premium today stands at £1,065. With many businesses hitting the pause button due to the coronavirus pandemic, the number of vans on the […]
Production figures released this week by SMMT reaffirm the difficulties that all automotive businesses are facing as they try to restart while major markets attempt simultaneously to recover from a pandemic and tackle unprecedented sectoral challenges. Whilst June marked an improvement on April and May (when only 5,511 cars were built), production still declined by […]
UK car production declined -48.2% in June with 56,594 units made, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Although post-shutdown production slowly ramped up in the month, strict social distancing measures and weak demand across global markets continued to restrict output. June manufacturing for the domestic market was […]
