Financial News: UK Car Sales Decline 2.0% In August: SMMT

UK Car Sales Decline 2.0% In August: SMMT

09/04/2025 - 06:41:00 (RTTNews)

(RTTNews) - UK new car registrations decreased for the second straight month in August, data from the Society of Motor Manufacturers & Traders showed on Thursday.

Car sales dropped 2.0 percent annually to 82,908 units in August, which is normally the quietest month of the year, as the sales are generally less than 5 percent of annual deliveries ahead of September's number plate change.

Fleet uptake dominated the month, accounting for 59.1 percent of all new vehicles, though there was a 4.6 percent reduction in volumes. Sales to private buyers rose only 0.7 percent, while the business sector grew by 41.6 percent.

New petrol registrations fell 14.2 percent, and diesel volumes plunged 16.6 percent. Total electrified vehicle registrations were up 14.9 percent, accounting for a market share of 26.5 percent.

"There is now a vast choice of electric models across all segments, and many consumers will also, for the first time in three years, benefit from a grant to help them switch to electric," SMMT Chief Executive Mike Hawes said.

"With more models being added to the government's electric car grant each week, there is now every reason for drivers to make the switch, helping deliver both economic growth and decarbonization."

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2 (08 min(s), 30 sec(s) ago)
(RTTNews) - A report released by the Labor Department showed labor productivity in the U.S. surged ...Full Story»

U.S. Trade Deficit Widens More Than Expected In July (11 min(s), 30 sec(s) ago)
(RTTNews) - With the value of imports spiking, the Commerce Department released a report on Thursd ...Full Story»

U.S. Weekly Jobless Claims Rise More Than Expected (14 min(s), 30 sec(s) ago)
(RTTNews) - A day ahead of the release of the more closely watched monthly jobs report, the Labor ...Full Story»

U.S. Private Sector Employment Rises Less Than Expected In August (30 min(s), 30 sec(s) ago)
(RTTNews) - A report released by payroll processor ADP on Thursday showed private sector employmen ...Full Story»

Slovenia Trade Surplus Shrinks In July (54 min(s), 30 sec(s) ago)
(RTTNews) - Slovenia's foreign trade surplus decreased in July from a year ago as imports grew ...Full Story»

Irish GDP Grows 0.2% In Q2 (01 hr(s), 15 min(s), 30 sec(s) ago)
(RTTNews) - Ireland's economy expanded slightly in the second quarter, revised from a contract ...Full Story»

UK Car Sales Decline 2.0% In August: SMMT (02 hr(s), 08 min(s), 30 sec(s) ago)
(RTTNews) - UK new car registrations decreased for the second straight month in August, data from ...Full Story»

Malaysia Central Bank Holds Rate At 2.75% (02 hr(s), 32 min(s), 30 sec(s) ago)
(RTTNews) - Malaysia's central bank left its benchmark rate unchanged on Thursday after easing ...Full Story»