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Stock impact report

UK new car market shrinks in November as EVs outpace targets [Yahoo! Finance]

M&T Bank Corporation (MTB) 
Last m&t bank corporation earnings: 4/20 06:37 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/m
Company Research Source: Yahoo! Finance
Manufacturers and Traders (SMMT). This marks the second consecutive monthly decline as manufacturers face pressures to meet Zero Emission Vehicle (ZEV) mandate targets against the backdrop of contracting market demand. Private buyer registrations dropped by 3.3% to 58,496 units, now representing 38.1% of the market. Fleet demand, accounting for 59.9%, slipped by 1.1% to 91,993 units, while business demand rose modestly by 5.2%. EV market resilience Battery electric vehicle (BEV) registrations rose by 58.4% to 38,581 units, representing 25.1% of the market – the highest since December 2022. This growth, driven by manufacturer discounting, surpassed ZEV mandate targets but raised questions about sustainability. Ian Plummer, commercial director at Auto Trader , highlighted the temporary nature of the EV surge: “The rise reflects manufacturers' and retailers' incentives. Sustaining this momentum requires greater consumer confidence and infrastructure improvements.” Sue Robinson, Show less Read more
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