Road ,News
JAN 11th 2024

Gary Axon

Is the car market recovering? | Axon's Automotive Anorak

At a cursory glance, last year’s British new passenger car market looked to be in surprisingly buoyant health, contrary to many expectations, given the overall uncertainty of the high inflation and increased cost of living the UK economy went through during 2023. Component supply issues, plus the ongoing confusion about the future direction of motoring, didn’t help the new car market or consumer confidence either, with electric vehicles finally vying more seriously for the hard-pressed and confused new car buyer with traditional internal combustion engined cars, despite the British EV market remaining flat overall.


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