FUEL-EFFICIENT MOTORING DRIVES SOLID START TO 2014 NEW CAR REGISTRATIONS
SMMT NEW CAR REGISTRATIONS
6 February 2014 (data for January 2014)
- 2013 confidence continues into January: 154,562 new cars registered, up 7.6%.
- Buyers attracted by fuel efficiency; typical new car 27% more efficient than seven-year-old model.
- Alternatively-fuelled vehicle registrations increase 25% over January 2013.
- 2014 set for more moderate growth than 2013.
“The new car market ended 2013 on a high, so it is encouraging to see the January market start the year strongly, rising 7.6%,” said Mike Hawes, SMMT Chief Executive. “As fuel economy is a major consideration for many motorists, ongoing investment by vehicle manufacturers in innovative, fuel-efficient technology is a key factor in the growing demand for new cars. Looking ahead, the UK automotive industry expects to see moderate, sustainable growth in 2014.”
Average mpg of new cars by segment – 12 months to January 2008 vs January 2014 (registration-weighted)
About SMMT and UK the automotive industry:
The Society of Motor Manufacturers and Traders (SMMT) is one of the largest and most influential trade associations in the UK. It supports the interests of the UK automotive industry at home and abroad, promoting a united position to government, stakeholders and the media.
The automotive industry is a vital part of the UK economy accounting for £59 billion turnover and £12 billion value added. With more than 700,000 jobs dependent on the industry, it accounts for 10% of total UK exports and invests £1.7 billion each year in automotive R&D. The industry plays an important role in the UK’s trade balance, with vehicle manufacturers exporting around 80% of production. More than 30 manufacturers build in excess of 70 models of vehicle in the UK supported by around 2,500 component providers and some of the world’s most skilled engineers.
Broadcasters: SMMT has an ISDN studio and access to expert spokespeople, case studies and regional representatives.