Weekly Market Overview The stock market performed strongly this week. The S&P 500 rose by 4.6%, exiting correction territory, and increased by 10.9% from its April 8 low of 4,982.77. The Nasdaq Composite saw a 6.7% jump, while the Dow Jones Industrial Average gained 2.5%. Market Dynamics Early in the week, stocks fell due to…
UK car and commercial vehicle production declined -11.6% in February, to 82,178 units, according to figures released by the SMMT. Local plants turned out 10,787 fewer cars, vans, trucks, taxis, buses and coaches than in February 2024, with multiple factors at play, notably soft markets at home and overseas, model changeovers and plant…
Modelling by the SMMT suggests that under current market conditions, 1.782 million new EVs will be registered between 2025 and 2027. Growth could be accelerated by halving VAT on new EV purchases, which would boost demand by a further 15 per cent and put 267,000 new EVs on the road. This would raise registrations to…
British vehicle production slips -11.8% to 905,233 units in 2024, with cars down to 779,584, as industry continues transformation to EV production. 4.0% growth in commercial vehicle production fails to offset -13.9% decline in car output. Potential to surpass one million cars and light vans in 2028 if markets improve and model launches stay on track….
A record 53,423 used battery electric vehicles (BEVs) were purchased in the last quarter – growth of 57% – and representing its largest-ever market share, new figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed. The news means BEVs are now 2.7% of the overall market, which is a an increase from…