UK car production down but electric vehicle output surges to new record

UK car production declined -9.8% in 2022 to 775,014 units, according to the latest figures issued by the Society of Motor Manufacturers and Traders (SMMT). December rounded off a volatile year, with output down -17.9% in the month after growth in October and November, with most of the year’s volume loss occurring in the first half.

UK car production down but electric vehicle output surges to new record

Jan 26, 2023

UK car production declined -9.8% in 2022 to 775,014 units, according to the latest figures issued by the Society of Motor Manufacturers and Traders (SMMT). December rounded off a volatile year, with output down -17.9% in the month after growth in October and November, with most of the year’s volume loss occurring in the first half.

Asset finance new business grew by 12% in November 2022

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in November 2022 by 12% compared with the same month in 2021. In the 11 months to November 2022, new business was 5% higher than in the same period in 2021.

Asset finance new business grew by 12% in November 2022

Jan 12, 2023

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in November 2022 by 12% compared with the same month in 2021. In the 11 months to November 2022, new business was 5% higher than in the same period in 2021.

Consumer car finance new business volumes fell by 6% in November 2022

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in November 2022 by 6% compared with the same month in 2021. The corresponding value of new business decreased by 5% over the same period. In the eleven months to November 2022, new business volumes were 3% higher than in the same period in 2021.

Consumer car finance new business volumes fell by 6% in November 2022

Jan 12, 2023

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in November 2022 by 6% compared with the same month in 2021. The corresponding value of new business decreased by 5% over the same period. In the eleven months to November 2022, new business volumes were 3% higher than in the same period in 2021.

2022 new car market down 2.0% on pandemic-afflicted 2021

The UK new car market recorded its fifth consecutive month of growth in December, with an 18.3% increase to reach 128,462 new registrations, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). This 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 the year fall -2.0% to 1.61 million, around 700,000 units below pre-Covid levels.

2022 new car market down 2.0% on pandemic-afflicted 2021

Jan 10, 2023

The UK new car market recorded its fifth consecutive month of growth in December, with an 18.3% increase to reach 128,462 new registrations, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). This 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 the year fall -2.0% to 1.61 million, around 700,000 units below pre-Covid levels.

Consumer car finance new business volumes grew by 4% in October 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in October 2022 by 4% compared with the same month in 2021. The corresponding value of new business increased by 9% over the same period. In the ten months to October 2022, new business volumes were 4% higher than in the same period in 2021.

Consumer car finance new business volumes grew by 4% in October 2022

Dec 14, 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in October 2022 by 4% compared with the same month in 2021. The corresponding value of new business increased by 9% over the same period. In the ten months to October 2022, new business volumes were 4% higher than in the same period in 2021.

Asset finance new business grew by 17% in October 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in October 2022 by 17% compared with the same month in 2021. In the ten months to October 2022, new business was 5% higher than in the same period in 2021.

Asset finance new business grew by 17% in October 2022

Dec 14, 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in October 2022 by 17% compared with the same month in 2021. In the ten months to October 2022, new business was 5% higher than in the same period in 2021.

Company cars and EVs drive November market bounceback

The UK new car market grew 23.5% in November to 142,889 registered units in the fourth consecutive month of year-on-year growth, according to new figures published today by the Society of Motor Manufacturers and Traders (SMMT). The growth delivered the best total for November since 2019, with manufacturers continuing efforts to fulfil orders amid erratic global components supply.

Company cars and EVs drive November market bounceback

Dec 06, 2022

The UK new car market grew 23.5% in November to 142,889 registered units in the fourth consecutive month of year-on-year growth, according to new figures published today by the Society of Motor Manufacturers and Traders (SMMT). The growth delivered the best total for November since 2019, with manufacturers continuing efforts to fulfil orders amid erratic global components supply.

Asset finance new business grew by 9% in September 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in September 2022 by 9% compared with the same month in 2021. In the first nine months of 2022, new business was 3% higher than in the same period in 2021.

Asset finance new business grew by 9% in September 2022

Nov 10, 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in September 2022 by 9% compared with the same month in 2021. In the first nine months of 2022, new business was 3% higher than in the same period in 2021.

Consumer car finance new business volumes fell by 5% in September 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in September 2022 by 5% compared with the same month in 2021. The corresponding value of new business in September was at a similar level to the same month in 2021. In the first nine months of 2022, new business volumes were 4% higher than in the same period in 2021.

Consumer car finance new business volumes fell by 5% in September 2022

Nov 10, 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in September 2022 by 5% compared with the same month in 2021. The corresponding value of new business in September was at a similar level to the same month in 2021. In the first nine months of 2022, new business volumes were 4% higher than in the same period in 2021.

Asset finance new business grew by 10% in the UK in August 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in August 2022 by 10% compared with the same month in 2021. In the first eight months of 2022, new business was 3% higher than in the same period in 2021.

Asset finance new business grew by 10% in the UK in August 2022

Oct 11, 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in August 2022 by 10% compared with the same month in 2021. In the first eight months of 2022, new business was 3% higher than in the same period in 2021.

Consumer car finance new business volumes grew by 5% in August 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in August 2022 by 5% compared with the same month in 2021. The corresponding value of new business increased by 13% over the same period. In the first eight months of 2022, new business volumes remained 5% higher than in the same period in 2021.

Consumer car finance new business volumes grew by 5% in August 2022

Oct 11, 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in August 2022 by 5% compared with the same month in 2021. The corresponding value of new business increased by 13% over the same period. In the first eight months of 2022, new business volumes remained 5% higher than in the same period in 2021.