Finance
UK new car market sees slight rise in October, SMMT data shows
Published by Global Banking & Finance Review®
Posted on November 5, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 5, 2025
1 min readLast updated: January 21, 2026
The UK car market saw a slight rise in October, with electric vehicles making up 25% of new sales, according to SMMT data.
(Reuters) -Britain's new car market rose by just under 1% in October, according to preliminary industry data released on Wednesday, with battery electric vehicles accounting for one in every four new cars in the month.
The latest industry outlook expects the overall market to breach two million units this year for the first time since 2019, data by the Society of Motor Manufacturers and Traders (SMMT) showed.
The final figures for October will be published at 0900 GMT.
(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)
The UK new car market refers to the sales of newly manufactured vehicles in the United Kingdom, which includes various types of cars such as electric vehicles, hybrids, and traditional combustion engine vehicles.
Battery electric vehicles (BEVs) are cars that are powered entirely by electricity stored in batteries. They do not use gasoline or diesel and produce zero tailpipe emissions.
The Society of Motor Manufacturers and Traders (SMMT) is a trade association in the UK that represents the automotive industry, providing data, insights, and advocacy for its members.
Electric vehicle sales refer to the number of electric cars sold within a specific timeframe, highlighting the growing demand for environmentally friendly transportation options.
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