Motor Trade Insurance

New Car Sales Drop In January

February 6, 2019 by Logan Biggs

Yet again some disappointing news for those of you in the motor trade industry – in particular those involved in the selling of new cars here in the UK. According to data produced by the Society of Motor Manufacturers and Traders (SMMT), there has been a fall in the number of new cars sold in the UK.

In January 2019, there were 161,013 new cars registered here in the UK yet in January 2018 there were 163,615. That is a drop of 2,602 with this equating to a fall of 1.6%.

In January 2019, there were 46,823 new diesel cars sold yet in the same month last year there were 58,713 – a fall of 11,890 with this equating to a drop of 20.3%. Market share changed from 35.9% in January 2018 to 29.1% in January this year.

In January 2019, there were 103,176 new petrol cars sold with this being an increase of 6,993 in comparison to January last year. This equates to a rise of 7.3%. Market share changed from 58.8% in January 2018 to 64.1% in January 2019.

There was a big increase in the number of new AFVs sold here in the UK in January 2019 when compared with the same month last year – 11,014 vs 8,719. This is a rise of 2,295 with this equating to an increase of 26.3%. Market share changed from 5.3% in January 2018 to 6.8% in January 2019.

In January 2019, private new car sales rose to 71,378 from 69,375 in the same month in 2018 – an increase of 2.9%. Fleet new car sales dropped to 86,559 from 89,611 for the same periods – a fall of 3.4%. Business new car sales dropped to 3,076 from 4,629 for the same periods – a fall of 33.5%.

The top 10 selling new cars in January 2019 were: –

  1. Ford Fiesta                              5,399
  2. Ford Focus                              4,397
  3. Nissan Qashqai                       4,270
  4. Volkswagen Golf                    3,930
  5. Mercedes-Benz A-Class        3,768
  6. Vauxhall Corsa                        3,097
  7. Kia Sportage                           3,063
  8. Volkswagen Polo                    2,963
  9. Toyota Yaris                            2,821
  10. Mercedes-Benz C-Class          2,606

Some motor traders selling new cars no doubt had a bad year in 2018 so it is to be hopped that we see an improvement in sales here in the UK this year. There are no doubt a variety of factors that impact upon the sale of new cars. We have seen a couple of rises in mortgage interest rates in 2018 and this may have had some baring upon sales as some people have seen their mortgage repayments increase. We will continue to keep our readers updated with useful information relating to the motor trade industry.                

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