Connected Car
UK new-car market begins 2023 with growth decelerationRead next German new-car market off to a weak start in 2023Read next Electric-vehicle battery development charges aheadRead next Skoda sets new world records with EV ice driftUK new-car registrations enjoyed their sixth consecutive month of year-on-year growth in January 2023. The Society of Motor Manufacturers and Traders (SMMT) reports that new-car registrations in the UK increased 14.7% year on year last month, to 131,994 units. Although the UK’s new-car market is performing in line with Autovista24’s expectations, the outlook remains particularly uncertain. However, with supply chain issues holding back past market volumes, we expect the market to be countercyclical in 2023 and show growth, ahead of further recovery in 2024,’ the association commented. The downside of recovering supply is that new-car registrations will be less bolstered by fulfilling a backlog of orders.