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Fleets fuel new car market

SMMT says growth driven entirely by fleets investing in the latest vehicles

Mark Moran
06 December 2023

 

The UK new car market grew by 9.5% in November to reach 156,525 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). In the market’s best November for four years, registrations almost returned to pre-pandemic levels, down just 96 units (-0.1%) on 2019.

Growth was driven entirely by fleets investing in the latest vehicles, with registrations rising 25.4% to account for 93,049 units and 59.4% of the market. Private demand was depressed, dropping...

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Principal Transport Officer - Development
St Helens Council
St Helens
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St Helens Council
St Helens
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