Ekonomické zprávy
04.11.2021

UK new car sales fall for fourth straight month - SMMT

Data from the Society of Motor Manufacturers and Traders (SMMT) showed that new car registrations have fallen for the fourth consecutive month, with a decline of -24.6% to 106,265 units compared to October last year.

Plug-in vehicle uptake remained positive in the month before COP26, with battery electric vehicles (BEVs) equalling their September market share of 15.2% with 16,155 units, while plug-in hybrid vehicles (PHEVs) grew to 7.9% or 8,382 units.

Plug-in vehicles now account for 16.6% of all new car registrations in 2021, which, when joined by a further 9.1% from hybrid electric vehicles means that 25.7%, or more than a quarter of the new car market, has been electrified year-to-date.

Despite this strong performance in electrified vehicle registrations, the overall market’s monthly performance was the weakest seen since October 1991. Demand from large fleets fell by a substantial -40.4%, driving most of the decline. Private demand fell by a more modest -3.3%, although this apparent small decline is compared against weak consumer uptake during the pandemic-affected October 2020.

Looking ahead, the latest SMMT forecast has been revised downward by -8.8% to 1.66 million units, in light of the on-going supply issues and deteriorating economic outlook. This would see 2021 finish 1.9% or some 30,000 units up on 2020, but some 650,000 units down on 2019’s pre-pandemic 2.3 million performance.

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