The UK new car market grew 14.7% in January to reach 131,994 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), setting the tone for an anticipated countercyclical year of growth. This was the best start to the year since January 2020’s pre-Covid 149,279 units and marks the sixth successive month of expansion.
Electrified vehicles drove the increase. Hybrid electric vehicles (HEVs) comprised 14.4% of new car registrations, increasing volumes...
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