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The Latest Breaking News from SMMT

UK construction activity grows despite housebuilding drop; EV sales rise to make up fifth of new car market – as it happened

Pound steady as UK votes; global stocks extend rally on US rate cut hopes

The Guardian - UK

Worried carmakers call for urgent UK help to reignite waning interest in electric vehicles

Sector wants tax cuts, better buying incentives and more electric charging points as sales in EVs stall

The Guardian - UK

Car industry bosses slam Government for lack of switching incentives as personal electric vehicle sales dip

The SMMT said that the car industry was already offering “generous incentives” to customers to buy electric vehicles, but that this “cannot be sustained”

Evening Standard

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UK new car sales reach highest February figure in 20 years

Purchases of electrical vehicles for commercial fleets power 14% year-on-year rise in 19th month of growth

The Guardian - UK

Revealed: car industry was warned keyless vehicles vulnerable to theft a decade ago

Experts alerted motor trade to security risks of ‘smart key’ systems which have now fuelled highest level of car thefts for a decade

The Guardian - UK

Millionth pure battery electric car sold in UK after 20 years

Industry lobby group says 2m could be reached within two years in rapid shift away from polluting fossil fuels

The Guardian - UK

UK car production increases again

More than four in five cars were shipped abroad, with export growth driven by a 58% rise in shipments to the EU, the SMMT said.

The Independent UK

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Twice as many used electric cars sold in UK than year ago – figures

Some 34,021 pure battery electric cars changed hands between July and September, the Society of Motor Manufacturers and Traders said.

The Independent UK

UK: Plug-In Car Sales Improved By 33% In October 2023

In October, 38,228 new plug-in cars were registered in the UK (33% more than a year ago), which is 24.9% of the total market.

InsideEVs

UK construction output falls again; job cut fears as British Steel confirms plans to shut blast furnaces – business live

UK housebuilding decreased for the eleventh month running in October, while 2,000 jobs could be threatened if British Steel replaces two blast furnaces in Scunthorpe

The Guardian - UK

Increase in UK car production reaches almost 40%

Exports increased by a third last month, with almost six in 10 new vehicles going to the EU.

The Independent UK

Delay EU tariffs to help sales of electric cars, says UK car industry

Brexit trade deal gave UK and EU carmakers until 1 January 2024 to source batteries from within Europe or face 10% tariffs

The Guardian - UK

New post-Brexit rules ‘could add £3,400 to electric car price tags’

The Society of Motor Manufacturers and Traders has called on the UK and EU to postpone the implementation of tougher rules of origin requirements.

The Independent UK

Car production down 10% in August after months of growth

Production for the domestic market fell by a quarter while output for export dropped by 5.5%.

The Independent UK

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The Guardian - UK

Mini boost from BMW doesn’t mean UK is in global car industry’s fast lane

EV investment is obviously good news but, overshadowed by Brexit, British carmaking has halved in five years

The Guardian - UK

Bank of England must ‘see job through’ on cost of living; eurozone inflation higher than expected – as it happened

Live, rolling coverage of business, economics and financial markets as easing of chip shortage boosts British car manufacturing by a third

The Independent UK

Future ‘more positive’ with latest car production figures

A total of 76,451 cars were built last month, marking the sixth consecutive month of growth.

The Independent UK

Surge in used car sales as demand for EVs soars

Some 1.83 million cars changed hands in the UK between April and June, the Society of Motor Manufacturers and Traders said.

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InsideEVs

UK: Plug-In Car Sales Almost Doubled In July 2023

In July, 34,712 new plug-in cars were registered in the UK (85% more than a year ago), which was 24 percent of the total number.

The Independent UK

One new battery EV registered every 60 seconds as new car market surges in July

Registrations of new cars were up more than a quarter (28.3%) in July compared with the same month last year, the SMMT said.

Birmingham Post

Northern Ireland new car demand revs up as supply chain issues fade

The Guardian - UK

Eurozone inflation drops; UK recession fears linger; Apple hits $3trn valuation – as it happened

Eurozone price pressures have eased, although core inflation has risen, as economists warn UK recession risk has not vanished

Birmingham Post

Automotive leaders challenge political leaders to help industry

The Society of Motor Manufacturer and Traders has issued a five-point for the transition to electric vehicles

The Independent UK

Brexit ‘cliff edge’ threatens electric car production, warns industry boss

‘We can’t afford to have a last-minute 31 December agreement’, says automobile chief on January deadline

The Guardian - UK

Brexit ‘cliff edge’ poses threat to UK electric car production, warns industry chief

Head of SMMT raises concerns over tightening of trade rules from January on vehicles exported from UK to EU

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