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- UK new car market declines in first nine months of 2019
UK new car market declines in first nine months of 2019
According to figures released today by the Society of Motor Manufacturers and Traders (SMMT), the UK new car market declined by 2.5% in the first three quarters of the year. September saw modest year-on-year growth following a substantial -20.5% decline in the same month in 2018, when new emissions regulations and lack of testing capacity across Europe affected supply.
The growth, representing some 4,421 units, was not enough to recover losses of over 87,000 in last year’s important plate-change month, however, leaving the year-to-date market trailing some 49,000 units behind this time in 2018. It is also in stark contrast to other major European markets, which this September rallied in double digits.
September’s volumes were driven by the fleet sector, which grew 8.6%. Meanwhile, private demand remained stable, up 0.1%, while business registrations declined -44.8%. Diesel registrations fell -20.3%, as petrols experienced a moderate increase of 4.5%.
There was good news for battery electric cars (BEVs), which saw the biggest percentage growth of all fuel types, up 236.4% (5,414 units) as new models boosted registrations.
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