Full year 2023 new car sales data shows Volkswagen dominated the UK’s new car market in 2023, ending the year with 162,087 registrations and market share of 8.52%, almost a whole percentage point ahead of nearest rival Ford’s 7.57%.
Fleet and business orders accounted for almost two in every three new car registrations in January, when the month's market ended at its highest level since 2020.
Results for 2023's new vehicle market show that although Ford has firmly lost its crown overall it can still proudly claim to produce the UK's biggest-selling car and van.
Rapid growth in fleet segment new car sales is a sign of carmakers' return to their traditional habits of large volume incentives and increased supply to car rental companies.
Polestar, Cupra, Volkswagen and Kia are among the brands picked out in our analysis of the September 2023 new car registrations in the UK.
Data for the August new car market shows that Tesla was the ninth most in-demand car brand, ahead of the likes of Mercedes-Benz, Peugeot, MG Motor and Volvo.
The number of new cars sold in July was up 28.3% versus July 2022, marking the 12th consecutive month of registrations growth since the market was hit by COVID disruption and supply issues.
Analyst David Francis dives into the first half of 2023's new car registrations, and ponders has Ford handed the gold model to Volkswagen in ending the Fiesta, and why is Polestar a hotter prospect than Tesla?
New car registrations increased by 16.7% in May, but the private market dropped slightly by 0.5% and fleets are driving the market with growth of 36.9%.
Tesla’s Model Y emerged as Europe’s best-selling car during Q1 2023 as the crossover electric vehicle (EV) beat Dacia’s Sandero, the VW T-Roc, Peugeot 208 and Vauxhall Corsa to top spot year-to-date.
The Finance and Leasing Association has predicted a 6% decline in car finance during 2023 after new business volumes declined 5% in February.
New car registrations ended Q1 2023 on a high after demand from large fleets drove year-on-year volume growth of 18.2%.
Chinese-built cars have failed to maintain momentum in the European new car market this February, accounting for just 2.7% of all the cars registered in the continent.
Plug-in vehicles accounted for almost a quarter of all new car sales in February, with year-on-year growth achieved by both pure battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs).
Electric vehicle (EV) registrations are set to be dominated by fleet and business for the foreseeable future unless the Government introduces new incentives for retail buyers, say Polestar UK & Ireland chiefs.
The Finance and Leasing Association has forecast a 6% decline in the value of the UK car finance sector in 2023 – with used car finance falling by 12%.
Tesla has risked further hit to used car residual values and increases to monthly finance payments with further price cuts to certain models in its electric vehicle (EV) line up.
Van buyers were seemly unphased by the March plate change as February delivered record registrations for new light commercial vehicles (LCVs).
Volkswagen Group, Nissan and Dacia were among the new car market’s triple digit percentage growth winners as car manufacturers celebrated a seventh month of UK automotive sector growth in February.
The UK’s new car market experienced a 26.2% year-on-year rise in registrations to register a seventh consecutive month of growth, The Society of Motor Manufacturers and Traders (SMMT) has reported.
