'Significant discounts' predicted for new car market in 2024
Significant discounting predicted as manufacturers face slowing retail sales, new regulatory targets, and increased competition from new entrants.
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Significant discounting predicted as manufacturers face slowing retail sales, new regulatory targets, and increased competition from new entrants.
British car manufacturers are to be given a three-year reprieve from Brexit tariffs on electric vehicle exports to the EU, hours after new figures showed sales of battery-powered vehicles fell by almost a fifth last month.
The EU climbed down over a looming post-Brexit cliff edge on the trade of EVs - in a huge boost for UK car makers and a move that will prevent the cost of battery models soaring in just days.
The Society of Motor Manufacturers and Traders said 156,525 vehicles were registered last month, up from 142,889 in November 2022.
The Society of Motor Manufacturers and Traders said 156,525 vehicles were registered last month, up from 142,889 in November 2022.