05.12.2019

SMMT reports 1.3% November new car registrations decline

The Society of Motor Manufacturers and Traders (SMMT) has reported a 1.3% decline in new car registrations during November as private and business demand continued to falter.

Year-to-date vehicle registrations were down by 2.7%, at 2.2 million, following another month of the decline for the market – with 156,621 vehicles registered last month.

The SMMT said that multiple factors, including weak business and consumer confidence, economic uncertainty and confusion over diesel and clean air zones, had combined to affect demand.

SMMT chief executive, Mike Hawes, 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.”

Private registrations declined by 6.1% during November, while the business market declined 3.2%, according to the SMMT’s data.

Only fleet registrations rallied, with a rise of 2.8% as alternative fuel vehicle (AFV) registrations reached a record market share for a second consecutive month.

More than one in 10 cars joining UK roads last month was either hybrid, plug-in hybrid or pure electric – equivalent to 16,052 cars.

Demand for the latest battery electric vehicles (BEV) surged by 228.8%, with 4,652 registered, while the markets for plug-in hybrids and hybrids also rose by 34.8% and 15%, respectively, the SMMT said.

Elsewhere, petrol grew 2.0%, taking the lion’s share of all registrations (62.2%), as diesel fell -27.2%. Year-to-date, the overall UK new car market is down -2.7%, with 2.2 million cars registered, in line with current industry forecasts.

[source: Automotive Management online]