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UK automotive industry records "rebound" from tax rises

Tue, 05th May 2026 09:24

(Alliance News) - The UK's new car market grew by nearly a quarter last month as it displayed a "rebound" from tax rises, an industry body said.

Some 149,247 new cars were registered in April, the Society of Motor Manufacturers & Traders said.

That was a 24% increase from the same month last year.

Registrations in April 2025 were much lower than normal as many drivers had brought purchases forward to the previous month to avoid incoming tax increases.

Mike Hawes, SMMT chief executive, said: "April's rebound is welcome, but underlines just how significantly fiscal changes can influence the market."

By Neil Lancefield, Press Association Transport Correspondent

Press Association: Finance

source: PA

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Corporate News Economic News Consumer Goods Automotive

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