The Society of Motor Manufacturers and Traders (SMMT) released figures today showing that the new car market in the UK remained stable last month after a turbulent start to the year.

Year-on-year demand grew 1.2% and a total of 163,898 new cars were registered in July. The SMMT said that demand from private buyers and large fleets was up 0.1% and 2.6% respectively. However, registrations from businesses with smaller fleets of 25 cars or fewer were down 10.2%.

New diesel registrations continued to fall, down -24.4% in July, while new petrol registrations grew 20.1%. Alternatively fueled vehicles had a good month, with demand up 21%. Hybrids and plug-ins now have a record market share of 6.5%. Plug-in hybrids did particularly well, with registrations growing 17.5%.

Overall, the market is down -5.5% so far this year, which is ‘broadly in line with expectations’. Nearly 1.5 million new cars have been registered in the UK in the first seven months of the year.

Mike Hawes, SMMT chief executive, said: “The feel-good factor from a sun and sport-packed July, combined with some fantastic deals on a raft of exciting new models, clearly helped keep showrooms relatively busy last month.”

He added: “It’s great to see alternatively fuelled vehicles benefiting from this growth, and the government’s acknowledgement of the vital role new-tech diesel will play in its Road to Zero strategy should help even more motorists benefit from the latest, safest and low emission technology over the coming months.”

More automotive news

Ford to cut thousands of jobs in major shake-up of its operations

Ford will shed thousands of jobs at its UK and mainland European operations in a bid to return the business to profitability, in a broad restructuring that may involve closing production plants. According to the BBC, it is expected the turnaround plan will lead to...

Jaguar Land Rover confirms 4,500 job cuts

Jaguar Land Rover has today confirmed it is cutting 4,500 jobs, with the majority coming from its 40,000 strong UK workforce. Reported by BBC, most of those affected will be in office roles as the company wants to simplify its management structure. The cuts come on...

InAutomotive shortlisted for 2019 Onrec Award

InAutomotive, part of Simply Jobs Boards has been shortlisted for The Niche Job Board Award for the 2019 Onrec awards!   InAutomotive was named a finalist for the award alongside four other niche job boards at Simply Jobs Boards: Aviation Job Search, Simply Law...

Share This