Motor Trade Insurance

New Car And Van Registrations Fall Dramatically In April

May 9, 2020 by Logan Biggs

It will probably not surprise motor traders to read that, according to the Society of Motor Traders and Motor Manufacturers (SMMT), there was a very large fall in the number of new cars and new vans registered in April 2020 when compared with April of last year. This is due to the coronavirus pandemic.

In April 2020, there were a total of only 4,321 new cars sold here in the UK compared to 161,064 in April 2019. That is a record drop of 97.3%. In April of this year there was only 871 new cars sold for the private market compared to 67,873 in April 2019 โ€“ a fall of 98.7%. The number of new cars sold for the fleet market fell from 90,113 in April 2019 to 3,090 in April 2020 โ€“ a drop of 96.6%. The business sector saw a reduction of 88.3% with only 360 new cars sold in April 2020 compared to 3,078 in April 2019.

On a year to date basis to April 2020, there has been a fall of 43.4% with only 487,878 new cars being registered whereas on a year to date basis to April 2019 the figure was 862,100.

On a year to date basis to April 2020, the market share of new diesel cars dropped significantly to 19% when compared with the same period to last year when the market share was 27%.

The top selling 5 new cars in April 2020 were: –

  1. Tesla Model 3                         658
  2. Jaguar l-Pace                           367
  3. Vauxhall Corsa                        264
  4. Vauxhall Crossland X             143
  5. Ford Tourneo Custom             108

Looking at sales in the new van market, there was a drop of 86.2% in new registrations in the up to 3.5 tonnes category with only 3,387 new vans sold in April 2020 compared to 24,604 in April 2019. On a year to date basis to April 2020, there was only 71, 294 new vans registered compared to 127,347 for the same period to April 2019 โ€“ a fall of 44%.

The top 5 selling new vans in April 2020 were:-

  1. Mercedes-Benz Sprinter                      814
  2. Peugeot Boxer                                     301
  3. Vauxhall Vivaro                                   257
  4. Ford Transit Custom                           144
  5. Isuzu D-Max                                       142

Needless to say, the above figures are extremely worrying for not only motor traders but also the motor trade industry as a whole. At the time of writing this post, there is no clear indication as to when things will improve as this will be dependent upon such things as when the government decides to make suitable changes to the lockdown situation.

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