New car market recovery squeezed by supply issues

car market

Consumer confidence steady but global semiconductor shortage impacts vehicle supply, says SMMT. New car registrations in June grew 28.0% year-on-year to 186,128, according to the Society of Motor Manufacturers and Traders (SMMT)’s latest figures. With the latest SMMT research showing electrification could create 40,000 new jobs by 2030, plug-in vehicles continued to increase market share. […]

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