Home Business NewsBusinessAutomotive News UK’s new car market ‘continues to recover’

UK’s new car market ‘continues to recover’

by LLB staff reporter
5th Dec 23 10:00 am

New figures show that the number of new cars registered in November rose by 9.5%, as around 156,525 was registered last month, compared to 142,889 of the same period last year.

The Society of Motor Manufacturers and Traders (SMMT) said this new total was below 01.% of pre-pandemic levels and growth was mainly drive by fleets investing into new cars.

Fleet new car investment saw a rise of 25.4%, whilst demand from buyers fell by 5.9% and SMEs dropped by 32.7%.

Pure battery electric cars in November was down 15.6% from 20.6% last year which saw sales of new cars surge.

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SMMT chief executive Mike Hawes said: “Britain’s new car market continues to recover, fuelled by fleets investing in the latest and greenest new vehicles.

“With car makers gearing up to meet their responsibilities under new market legislation, and Cop28 currently under way, now is the time to take sensible steps that will multiply that economic growth and minimise carbon emissions.

“Private EV buyers need incentives in line with those that have so successfully driven business uptake – and workable trade rules that promote rather than penalise the transition.”

Ian Plummer, commercial director at online vehicle marketplace Auto Trader, said: “November’s drop in electric vehicle sales is a sign of what’s to come if the Government doesn’t support the industry in making the transition by incentivising consumers on this journey, as we know private electric car registrations have been lagging that of the fleet sector for a while now.”

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