New car sales up but interest rate rise raises concerns
Comments come as the latest figures from the Society of Motor Manufacturers and Traders (SMMT) show the new car market grew 28.3% in July with 143,921 new vehicles registered. As
Comments come as the latest figures from the Society of Motor Manufacturers and Traders (SMMT) show the new car market grew 28.3% in July with 143,921 new vehicles registered. As
Large fleet registrations grew by a third (33.1%) to 68,537 units as the market naturalised following weaker volumes last year, while deliveries to private buyers fell by 5.5% to 61,342
Following an agreement involving Baxi, Greenhous and Novuna Vehicle Solutions, the first batch of vehicles has now been delivered to Baxi, whose Gas Safe registered engineers support residential and commercial
January registrations are a positive start to 2023, and a sixth consecutive month of growth shouldn’t be sniffed at, but the car industry should be under no illusions that the
Registrations by large fleets energised the market, up 45.4% compared with November last year. Demand from private buyers also grew, albeit by a more modest 2.7%. Business registrations more than
Given the ongoing shortages of essential components, exacerbated by pandemic restrictions in China, global vehicle production has struggled to keep up with demand throughout 2022. New car registrations for the
Supply chain issues are causing OEMs to feel the pinch more than ever as they struggle to fulfil increasing orders, on top of a backlog of deliveries. With a protracted
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