UK new car sales saw a slight uptick, rising 1% to 134,274 units
Fleet registrations surged by 18.5%, totaling 81,207 units, showcasing a significant preference among businesses for updating their vehicle fleets
Source: Pexels
Despite the overall growth, the adoption of battery electric vehicles (BEVs) remained moderate, with only a 10.7% increase in registrations.
Source: Pexels
Society of Motor Manufacturers and Traders (SMMT) adjusted its annual new car sales projection to 1.98 million units, reflecting a slightly more optimistic outlook compared to the previous year
Source: Pexels
SMMT reiterated its call for policy interventions, such as temporary VAT reductions on BEVs, to stimulate private consumer interest and drive broader adoption of electric vehicles