October sales bounce led by large fleet registrations
Private demand was stable at 62,915 vehicles, a 0.3% increase, while the much smaller business sector saw registrations fall -15.2% to 3,135 units. With the sustained increase in new car
Private demand was stable at 62,915 vehicles, a 0.3% increase, while the much smaller business sector saw registrations fall -15.2% to 3,135 units. With the sustained increase in new car
Electric vehicle registrations remain on a steady upwards path with market share rising above 20% in August, but still well below the 33% level seen at the tail end of
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
The share of personal contract hire (PCH) sales enquiries for all electric vehicles (hybrid, plugin and battery) fell from 34.6% in the first-half of 2022 to 22.9% this year. That
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
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
Second half year performance was not enough, however, to offset the declines recorded during the first half of 2022. Despite underlying demand, pandemic-related global parts shortages saw overall registrations for
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
A scarcity of manual gearboxes in car makers’ ranges is echoed in new-car sales figures. Data shared with carwow by the Society of Motor Manufacturers and Traders (SMMT) shows just
EV uptake continued to rise, albeit at a slower rate of growth than seen earlier in the year, with the second highest monthly volume of battery electric vehicle (BEV) registrations
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
While private consumer purchases fell 10.3%, their market share increased year-on-year by 6.1 percentage points to 53.2%, in part due to manufacturers striving to fulfil deliveries – particularly of electric
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
Economic headwinds such as rising energy costs, fuel costs, inflation and a squeeze on household incomes could impact new vehicle demand. With grants for BEVs ongoing until at least next
Supply chain impacts and the chip shortage will continue in the short term to frustrate the industry. with many auto manufacturers attributing falling production numbers (UK car production fell 20%
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