UK New Car Sales Down -89.0% In May

According to the SMMT, UK car registrations fell -89.0% in May. 20,247 cars were registered as ‘click and collect’ services, allowed from mid-month. However, this shows 163,477 fewer registrations than in May last year.

63.7% of the market registrations were from private buyers, which is equivalent to 12,900 units. 6,638 cars went to fleets.

The overall market is now down -51.4% in the first 5 months of 2020.

Mike Hawes, SMMT Chief Executive, said,After a second month of shutdown and the inevitable yet devastating impact on the market, this week’s re-opening of dealerships is a pivotal moment for the entire industry and the thousands of people whose jobs depend on it. Customers keen to trade up into the latest, cutting-edge new cars are now able to return to showrooms and early reports suggest there is good business given the circumstances, although it is far too early to tell how demand will pan out over the coming weeks and months. Restarting this market is a crucial first step in driving the recovery of Britain’s critical car manufacturers and supply chain, and to supporting the wider economy. Ensuring people have the confidence to invest in the latest vehicles will not only help them get on the move safely, but these new models will also help address some of the environmental challenges the UK faces in the long term.”