SMMT September New Car Decline Report
According to SMMT, the UK new car market has declined by 2.5% in the first ¾ of 2019. However, September 2019 saw an increase of 1.3% increase from September 2018.
- Private sector increased 0.1%
- Fleet Sector increased 8.6%
- Business Registrations declined 44%
- Battery Electric Vehicles was up 236.4%
- Plug-in Hybrids saw a growth for the first time in 6 months.
- Hybrid Electric and Battery Electric cars was up 32.4% and 125.1%.
Mike Hawes, SMMT Chief Executive, said “September’s modest growth belies the ongoing downward trend we’ve seen over the past 30 months. We expected to see a more significant increase in September, similar to those seen in France, Germany, Italy and Spain, given the negative effect WLTP had on all European markets last year. Instead, consumer confidence is being undermined by political and economic uncertainty. We need to restore stability to the market which means avoiding a ‘no deal’ Brexit and, moreover, agreeing a future relationship with the EU that avoids tariffs and barriers that could increase prices and reduce buyer choice.”
For more information, head over to SMMT.