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New cars displayed at a dealership, highlighting UK's 20% rise in registrations - Global Banking & Finance Review
The image shows new cars at a dealership in Cheshire, reflecting the UK's automotive industry's growth with over 20% increase in new car registrations for August 2023, as reported by SMMT.
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UK August new car registrations up more than 20%- SMMT

Published by Uma Rajagopal

Posted on September 5, 2023

1 min read
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UK economy Automotive industry economic growth

UK August new car registrations up more than 20%- SMMT

(Reuters) – New car registrations in Britain rose for the 13th consecutive month in August, rising more than 20% from a year earlier, preliminary industry data showed on Tuesday.

The Society of Motor Manufacturers and Traders (SMMT) will provide the final figures for the month at 0800 GMT.

(Reporting by Amna Karimi in Bengaluru; Editing by Tomasz Janowski)

Frequently Asked Questions

What is new car registration?
New car registration refers to the process of officially recording a new vehicle with the relevant authorities, allowing it to be legally driven on public roads.
What is the SMMT?
The Society of Motor Manufacturers and Traders (SMMT) is a trade association in the UK that represents the automotive industry, providing data and insights on vehicle registrations and market trends.
What is a preliminary industry data?
Preliminary industry data refers to initial statistics or figures released before final confirmation, often used to gauge trends or performance in a specific sector.

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