British Asia Network - Shahzad Sheikh
London 8 November 2019 - New car registrations in the UK fell by 6.7% in October according to the Society of Motor Manufacturers and Traders (SMMT) - that's 10,348 few cars than last year. This compounds a year-to-date downward trend for the market of -2.9% and there have been nearly 60,000 fewer car registrations compared to this time last year.
The trade is hardest hit by falling private car registrations which were down 13.2% though fleet sales were actually up fractionally by 0.3%. The supermini segment was down 23.4% though small family car registrations did increase by 3.3%.
The Ford Fiesta continues to be the biggest seller retaining the top spot in October followed by the Nissan Qashqai and the Volkswagen Golf - which is now about to be replaced. Year-to-date the Fiesta has been the biggest seller with 69,702 registrations followed by the Golf with 50,468 and another Ford, the Focus, at 49,517.
Diesels continues to fall dramatically out of favour as they have plunged consistently for the last 31 months this time down 28.3%. On the other hand electric vehicle registrations continue to grown dramatically at 151.8% though that equates to 3,162 vehicles. Alternatively fuelled vehicles, including hybrids, continue to gain market share though which is now at 9.9% which is the highest on record.
Mike Hawes, SMMT Chief Executive, said, “The growth in alternatively fuelled cars is very welcome, showing increasing buyer appetite for these new technologies. The overall market remains tough, however, with October now the year’s eighth month of decline and in need of an injection of confidence.
"Whether the general election delivers a ‘bounce’ to the economy remains to be seen but, with attractive deals and an ever-greater choice of low, ultra low and zero emission models arriving in the UK’s showrooms, consumers have every incentive to consider buying a new car."