Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Tesla's UK sales jump in June from a year earlier, data shows
    Finance

    Tesla's UK sales jump in June from a year earlier, data shows

    Tesla's UK sales jump in June from a year earlier, data shows

    Published by Global Banking and Finance Review

    Posted on July 4, 2025

    Featured image for article about Finance

    (Reuters) -Tesla's new car sales in Britain rose year-on-year in June amid a broader recovery in the electric-vehicle market, data showed on Friday, as the U.S. auto maker started deliveries of its updated Model Y last month.

    Overall, Britain's new car registrations grew 6.7% in June from a year earlier to 191,316 units, the Society of Motor Manufacturers and Traders (SMMT) said in a report, boosted by demand for battery electric vehicles.

    Though sales remained below pre-COVID levels, it was the best June since 2019. Battery electric car demand rose 39% to 47,354 units, with every one in four buyers going electric, the SMMT said.

    "That EV growth, however, is still being driven by substantial industry support with manufacturers using every channel and unsustainable discounting to drive activity, yet it remains below mandated levels," SMMT Chief Executive Mike Hawes said in the report.

    Tesla sold 7,719 units in June, up 14% from a year earlier, according to the SMMT. Data from research group New AutoMotive earlier in the day showed a 12% increase in June to 7,891 units.

    The SMMT and New AutoMotive use different sources of data and methods of calculation, explaining the differences in the figures published.

    Despite the growth in June, Tesla's UK sales are still down nearly 2% so far this year, while those of Chinese rival BYD have increased nearly four-fold to 2,498 units, according to New AutoMotive.

    US automaker Ford's EV sales grew the fastest among its rivals in Britain in the first half of 2025, rising more than four-fold from a year earlier, New AutoMotive said.

    "Further growth in sales, and the sector, will rely on increased and improved charging facilities to boost mainstream electric vehicle adoption," Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said.

    The US-UK trade deal lowering some tariffs on imports from Britain, including for British car manufacturers that will now be able to export to the U.S. under a reduced 10% tariff quota from an earlier 27.5%, came into effect this week.

    (Reporting by Raechel Thankam Job and Yadarisa Shabong in Bengaluru; Editing by Leroy Leo and Subhranshu Sahu)

    Related Posts
    Pirelli says 99.3% of 500 million euro bond converted, diluting Sinochem and Camfin stakes
    Pirelli says 99.3% of 500 million euro bond converted, diluting Sinochem and Camfin stakes
    ECB policymakers see steady rates next year but cut not off table, sources say
    ECB policymakers see steady rates next year but cut not off table, sources say
    Britain names Christian Turner as ambassador to the US
    Britain names Christian Turner as ambassador to the US
    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991
    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991
    VW management to continue cost cutting
    VW management to continue cost cutting
    Parliament of Swiss canton Fribourg votes to ban mobile phones at school
    Parliament of Swiss canton Fribourg votes to ban mobile phones at school
    Italy economy minister denies interfering in MPS's bid for Mediobanca
    Italy economy minister denies interfering in MPS's bid for Mediobanca
    Eni and BlackRock's GIP take joint control of carbon capture unit
    Eni and BlackRock's GIP take joint control of carbon capture unit
    Bank of England's Bailey sees inflation near 2% target by May
    Bank of England's Bailey sees inflation near 2% target by May
    Italian judge drops Genoa dam case against Webuild CEO
    Italian judge drops Genoa dam case against Webuild CEO
    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine
    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine
    ECB keeps rates unchanged, turns more positive on economy
    ECB keeps rates unchanged, turns more positive on economy

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU

    Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU

    Salzgitter takes legal action against Thyssenkrupp over HKM joint venture

    Salzgitter takes legal action against Thyssenkrupp over HKM joint venture

    Lovable valued at $6.6 billion in latest funding round as AI coding demand surges

    Lovable valued at $6.6 billion in latest funding round as AI coding demand surges

    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

    Britain imposes more sanctions on Russia's energy sector

    Britain imposes more sanctions on Russia's energy sector

    Asked about NATO, Zelenskiy says Ukraine should not change its constitution

    Asked about NATO, Zelenskiy says Ukraine should not change its constitution

    Equals Money | Railsr partners with Okta to secure AI-driven payments

    Equals Money | Railsr partners with Okta to secure AI-driven payments

    France drafts in army for cattle vaccination to defuse farmer protests

    France drafts in army for cattle vaccination to defuse farmer protests

    Russia orders Russian Railways to sell $2.4 billion Moscow Towers to pay debts, three sources say

    Russia orders Russian Railways to sell $2.4 billion Moscow Towers to pay debts, three sources say

    Belgian farmers in anti-trade protest clash with police

    Belgian farmers in anti-trade protest clash with police

    UK actors vote to reject digital scans in AI rights push, echoing Hollywood battles

    UK actors vote to reject digital scans in AI rights push, echoing Hollywood battles

    UK pauses trials of Ajax in new setback for army fighting vehicle

    UK pauses trials of Ajax in new setback for army fighting vehicle

    View All Finance Posts
    Previous Finance PostWorld's biggest climate fund ramps up investment plans
    Next Finance PostOil falls slightly ahead of expected OPEC+ output increase