January 31, 2023

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January new car sales at lowest level since 1970

January new-car or truck income fell to their cheapest level given that 1970, with 39.five per cent fewer new vehicles registered than in the same thirty day period in 2020.

With lockdowns across all 4 nations of the United kingdom maintaining dealership doors firmly shut during the thirty day period, only 90,249 new vehicles were being registered – fifty nine,030 fewer than in January previous yr.

Demand was down 38.five per cent with private consumers and 39.seven per cent with fleet purchasers, with petrol and diesel registrations slipping sixty two.1 per cent (44,903 income), and fifty.6 per cent (eleven,083 income) respectively. 

EV registrations grew 54.four per cent (6,260 income), although, getting a 6.four per cent share of the market place, when plug-in hybrid income grew 28 per cent (6,124 income) for a 6.8 per cent market place share. That signifies plug-in vehicles of a single kind or a further accounted for 13.seven per cent of all new registrations previous thirty day period, outperforming diesel’s twelve.three per cent market place share. 

The Modern society of Motor Suppliers and Traders (SMMT), which produced the figures, has pointed out that lockdown limitations aren’t anticipated to commence remaining lifted until March, which sees a new quantity plate start and is the most crucial thirty day period of the yr for the sector, with a single in 5 new car or truck registrations getting place.

Involved about the decrease in registrations obtaining a knock-on influence on production – which fell to its cheapest yearly level given that 1984 previous yr – the SMMT is contacting for dealerships to be reopened “as quickly as it is risk-free to do so”.

It was previously anticipated that extra than two million new vehicles would be registered in 2021, but this forecast has now been reduced to under 1.9 million. This would, even so, even now be 15.seven per cent extra than the “lost year” that was 2020.

Mike Hawes, chief government of the SMMT, reported: “Following a £20.four billion decline of revenue previous yr, the auto industry faces a complicated commence to 2021. The required lockdown will problem society, the financial system and our industry’s means to shift immediately to our bold environmental plans.

“Lifting the shutters will safe careers, encourage the critical demand from customers that supports our production, and will enable us to forge forward on the ‘Road to Zero’. Every single working day that showrooms can securely open up will matter, especially with the crucial thirty day period of March looming.”

Locate out the ideal vehicles coming out in 2021 here…