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06/10/2008
New Car Registration Down 21% Last Month
The number of new car registrations fell by more than a fifth last month, compared to last year - further proof the ongoing credit crunch is impacting buyers' behaviour.
Figures released today, by the Society of Motor Manufacturers and Traders (SMMT), show a 21.2% fall in new car registrations last month. In total 330,295 new cars were sold.
SMMT has urged the government to take "immediate action to restore consumer confidence".
So far in 2008 1,794,419 new motors have been sold, a year-on-year decrease of 7.5% compared to last year.
Despite marked falls in volumes, the market share occupied by diesel vehicles rose by 42.8% in September.
"New car registrations have fallen for the fifth consecutive month and represent the most difficult economic conditions the industry has faced in 17 years," said Paul Everitt, SMMT Chief Executive.
"Government action is now needed to restore consumer confidence and boost demand in the real economy.
"The chancellor's pre-budget report should set out a package of measures to boost demand for new fuel-efficient cars and scrap plans for unfair increases in car tax," added Mr Everitt.
A leading financier has described the new figures as "dreadful".
UBS economist Amit Kara said: "I think if there's any more evidence that the BoE need to convince them that policy rates should go down, then this is it
"There's compelling evidence now - that the economy has ground to a halt," he said.
September is normally the most popular month for new registrations within the UK's highly seasonal car market.
It is one of two months when registration plates with a new date are issued, enabling buyers' cars to look newer for longer.
(PR/JM)
Figures released today, by the Society of Motor Manufacturers and Traders (SMMT), show a 21.2% fall in new car registrations last month. In total 330,295 new cars were sold.
SMMT has urged the government to take "immediate action to restore consumer confidence".
So far in 2008 1,794,419 new motors have been sold, a year-on-year decrease of 7.5% compared to last year.
Despite marked falls in volumes, the market share occupied by diesel vehicles rose by 42.8% in September.
"New car registrations have fallen for the fifth consecutive month and represent the most difficult economic conditions the industry has faced in 17 years," said Paul Everitt, SMMT Chief Executive.
"Government action is now needed to restore consumer confidence and boost demand in the real economy.
"The chancellor's pre-budget report should set out a package of measures to boost demand for new fuel-efficient cars and scrap plans for unfair increases in car tax," added Mr Everitt.
A leading financier has described the new figures as "dreadful".
UBS economist Amit Kara said: "I think if there's any more evidence that the BoE need to convince them that policy rates should go down, then this is it
"There's compelling evidence now - that the economy has ground to a halt," he said.
September is normally the most popular month for new registrations within the UK's highly seasonal car market.
It is one of two months when registration plates with a new date are issued, enabling buyers' cars to look newer for longer.
(PR/JM)
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07 January 2015
Rise In New UK Car Registrations
New cars registered in the UK in 2014 have reached a new high since 2004, according to the Society of Motor Manufacturers and Traders (SMMT). A total of 2,476,435 new cars were registered in the UK in 2014, a market growth of 9.3% over the previous year, ahead of the EU average of 5.7%.
Rise In New UK Car Registrations
New cars registered in the UK in 2014 have reached a new high since 2004, according to the Society of Motor Manufacturers and Traders (SMMT). A total of 2,476,435 new cars were registered in the UK in 2014, a market growth of 9.3% over the previous year, ahead of the EU average of 5.7%.
06 October 2015
Record Levels Of Car Registrations In September
Car registrations in the UK reached record levels in September, according to the Society of Motor Manufacturers and Traders (SMMT). Newly released figures show a total of 462,517 cars were registered last month. Changes to number plates in September means the month is usually one of the busiest of the year.
Record Levels Of Car Registrations In September
Car registrations in the UK reached record levels in September, according to the Society of Motor Manufacturers and Traders (SMMT). Newly released figures show a total of 462,517 cars were registered last month. Changes to number plates in September means the month is usually one of the busiest of the year.
03 March 2014
UK Manufacturing Increased Last Month
The rate of manufacturing in the UK grew faster than expected in the month of February, new statistics have revealed. According to the Markit/CIPS Manufacturing Purchasing Managers' Index (PMI), employment within the sector is now expanding at its fastest rate in almost three years. Last month, the Index reached 56.9, up from 56.
UK Manufacturing Increased Last Month
The rate of manufacturing in the UK grew faster than expected in the month of February, new statistics have revealed. According to the Markit/CIPS Manufacturing Purchasing Managers' Index (PMI), employment within the sector is now expanding at its fastest rate in almost three years. Last month, the Index reached 56.9, up from 56.
06 October 2009
Car Sales Boosted By Scrappage Deal
There were 367,929 new UK car registrations last month as motorists continued to take advantage of the scrappage scheme under which they receive a £2,000 discount on vehicles more than 10 years old when they buy a new model. That means that sales of new cars increased by 11.4% in September compared with the same month last year.
Car Sales Boosted By Scrappage Deal
There were 367,929 new UK car registrations last month as motorists continued to take advantage of the scrappage scheme under which they receive a £2,000 discount on vehicles more than 10 years old when they buy a new model. That means that sales of new cars increased by 11.4% in September compared with the same month last year.
15 April 2015
Six Injured In Three Car Collision In Gtr Manchester
Six people are being treated in hospital after a three car collision in Greater Manchester. It is understood that one of the cars involved in the incident crashed into the bay window of a house on Bury New Road in the Whitefield area at about 21:15 on Tuesday night.
Six Injured In Three Car Collision In Gtr Manchester
Six people are being treated in hospital after a three car collision in Greater Manchester. It is understood that one of the cars involved in the incident crashed into the bay window of a house on Bury New Road in the Whitefield area at about 21:15 on Tuesday night.
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Northern Ireland WeatherThis Evening and Tonight:Another cloudy night and mostly dry. There will be some patchy drizzle, mainly in the west and along the North Coast. A mild night with winds becoming light. Minimum temperature 10 °C.
