UK New Car Market Declines -1.3% in November
According to the SMMT, with 156, 621 models registered, the UK new car market declined -1.3% in November. Weak business and consumer confidence, economic uncertainty and confusion over diesel and clean air zones affected this demand.
- Private demand registrations were down -6.1%.
- Business market fell -3.2%.
- Fleet registrations were up 2.8%.
AFV registrations reached a record market share with an equivalent to 16,052 cars.
- With 4,652 registered, new battery electric cars surged by 228.8%.
- Plug-in hybrids increased by 34.8%.
- Hybrids rose by 15% respectively.
- Petrol increased 2%.
- Diesel fell -27.2%.
Mike Hawes, SMMT Chief Executive, said “These are challenging times for the UK new car market, with another fall in November reflecting the current climate of uncertainty. It’s good news, however, to see registrations of electrified cars surging again, and 2020 will see manufacturers introduce plenty of new, exciting models to give buyers even more choice. Nevertheless, there is still a long way to go for these vehicles to become mainstream and, to grow uptake further, we need fiscal incentives, investment in charging infrastructure and a more confident consumer.”
For more information, head over to the SMMT’s website.