"While positive on the surface, the
latest SMMT Q4 2024 data on used cars, when added to
new car sales in 2024, continue to paint an anaemic picture of
total vehicle transactions in the UK.
"Coupled with the sizable reduction in production in the UK, the picture is, unfortunately, somewhat bleak for the Automotive sector. The industry is struggling to adapt to continued disruption and more needs to be done to both incentivise investment in production and make ownership costs more attractive to customers."