Business

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New car market up 2.6% in 2024

Business

New car market up 2.6% in 2024

The UK’s new car market recorded its second successive year of growth with a 2.6% rise in registrations in 2024, new figures show. Industry body the Society of Motor Manufacturers and Traders (SMMT) said around 1,953,000 new cars were registered last year, compared with 1,903,000 in 2023. Growth was delivered entirely by purchases for fleets owned or leased by businesses or other organisations, which were up 11.8%. Demand from private […]

todayJanuary 4, 2025 46

Retail Sales

Business

‘Drab’ December caps disappointing year for retailers

A “drab” December has capped a disappointing year for retailers and the second in a row of falling shopper numbers, figures show. Even the Golden Quarter, typically the peak of shopping activity ahead of Christmas, provided little relief, with shopper visits down 2.5% over the period on 2023, according to the British Retail Consortium (BRC)-Sensormatic Footfall Monitor. Total UK footfall over the year was down 2.2% on the year before. […]

todayJanuary 3, 2025 3

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