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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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Society of Motor Manufacturers and Traders (SMMT)

  • Activity in UK’s embattled manufacturing sector hits 15-month high

    Economics

    The UK’s embattled manufacturing sector took another small step towards recovery at the end of 2025 thanks to an influx of new orders. The latest UK Manufacturing Purchasing Managers’ Index (PMI) from S&P Global UK hit a 15-month high as the industry continued to grow for the second consecutive month. The PMI reading hit 50.6, up [...]

    Manufacturing has suffered yet another downturn in activity over September.
  • Jaguar Land Rover cyber attack hammers UK car production

    Transport and infrastructure

    The most expensive cyber attack in British history suffered by Jaguar Land Rover contributed to car production being slashed by almost 30 per cent in September, according to new figures. Jaguar Land Rover was forced to halt production for five weeks from 1 September which has been estimated to have cost the UK around £1.9bn. [...]

    Petra copper road scene, featuring DEF OCTA vehicles on a clear day, highlighting transportation infrastructure development.
  • UK car output dips as Trump auto tariffs loom

    Transport and infrastructure

    Production of cars and commercial vehicles saw an alarming 11.6 per cent decline in February, according to new data from the Society of Motor Manufacturers and Traders (SMMT).  Just 82,178 vehicles were produced – a drop of 10,787 from February 2024 – in the 12th consecutive month of falling auto manufacturing output.  There was a [...]

    European carmakers will be feeling the pinch from Donald Trump's tariff regime
  • UK new car market stalls as weak consumer confidence bites

    February 5, 2025

    New car registrations fell by 2.5 per cent in January as weak consumer confidence and a tough economic backdrop delivered a fourth consecutive monthly decline. There were 139,345 new vehicle registrations in January, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). New registrations for both private and fleet buyers [...]

  • New car market in UK up 2.6 per cent in 2024, figures reveal

    January 4, 2025

    The UK’s new car market recorded its second successive year of growth with a 2.6 per cent rise in registrations in 2024, new figures show. Industry body the Society of Motor Manufacturers and Traders (SMMT) said around 1,953,000 new cars were registered last year, compared with 1,903,000 in 2023. Growth was delivered entirely by purchases [...]

  • Ministers warned not to cave to ‘short-sighted’ carmakers on EV targets

    December 16, 2024

    The government is currently considering relaxing new rules enforcing certain electric vehicle sales targets each year.

  • Car production falls but sector ‘optimistic about return to growth’

    September 26, 2024

    Car production fell last month, continuing a trend seen across the year, new figures show. The number of cars built in UK factories was 8.4 per cent lower in August compared to the same month last year. The Society of Motor Manufacturers and Traders (SMMT) said 41,271 new cars left production lines, 3,781 fewer than [...]

  • ‘Heavy discounting’ sparks new electric car sales surge

    September 5, 2024

    New electric vehicle (EV) registrations jumped in August as “heavy discounting” by manufacturers and a raft of new models tempted consumers to make the switch. The latest figures from the Society of Motor Manufacturers and Traders (SMMT) reveal a 10.8 per cent increase in battery electric vehicle (BEV) registrations in the last month. BEVs now [...]

  • Over one million new cars registered in 2024 in post-pandemic record

    July 4, 2024

    Data from the SMMT revealed the new car market grew 1.1 per cent in June as 179,263 vehicles rolled off factory lines.

  • Electric vehicles lead ‘massive change’ in UK factories

    June 27, 2024

    Electric vehicles made up almost two fifths of all new cars produced in the UK in May, according to new figures, as 26,475 models rolled off factory lines.

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