Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Archive

New car sales grow for fourth month in a row

Britain’s new car market grew for the fourth month running, up by 23.5% in November, at 142,889 units according to 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.

However, registrations in the month were still -8.8% below 2019 levels and, while further recovery is anticipated in 2023, global and domestic economic challenges mean that the market will remain below pre-pandemic levels.

Plug-ins account for more than one in four (27.7%) new registrations as battery electric vehicles (BEVs) take their largest monthly share of the new car market in 2022.

The SMMT also called for urgent government action to deliver charging infrastructure and support EV uptake to deliver UK’s ambitious net zero targets.

The Nissan Qashqai was the best seller in November followed by the Tesla Model Y and Mini.

Mike Hawes, SMMT chief executive, said: "Recovery for Britain’s new car market is back within our grasp, energised by electrified vehicles and the sector’s resilience in the face of supply and economic challenges."

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK