News in Numbers

UK car manufacturing output fell by this amount in October 2024 compared to the same period last year, according to the Society of Motor Manufacturers and Traders (SMMT).

The global market share of petrol and diesel vehicles has dropped by a fifth over the past two and a half years, according to New AutoMotive's Global Electric Vehicle Tracker.

The automotive finance market is projected to reach a valuation of this many US billion by 2032, driven by EV consumer demand, according to Global Market Insights Inc.

Ford Motor plans to cut 4,000 jobs across Europe by the end of 2027, citing economic pressures, sluggish electric vehicle sales, and intensifying competition, according to AAP.

The UK motor finance sector reported this number of new bus, coach, and minibus registrations in Q3 2024, a 36.1% increase year-on-year, according to the SMMT.