Data comes via the UK's Society of Motor Manufacturers and Traders (SMMT)
- 1.9 million vehicles were sold in 2023, up 17.9% y/y
- For December alone, new car sales +9.6%y/y
Easing supply chain issues helped fulfil pent-up demand for fleet vehicles.
Despite these improvements in results new car sales are still lower than pre-pandemic numbers.
