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October Sees Drop In New Car Sales

November 9, 2018 by Logan Biggs

Those of you running a business in the motor trade industry and in particular motor traders will be disappointed to read that there has been a drop in the number of new car sales in October 2018 in the UK when compared with the same month last year. That is based upon statistics published by the Society of Motor Manufacturers and Traders (SMMT).

In October 2018, there were 153,599 new cars sold yet in the same month last year there were 158,192 – a drop of 2.9%. There were 49,061 new diesel cars sold in October of this year yet in the same month in 2017 there were 62,366 – a large fall of 21.3%. The number of petrol cars sold last month totalled 93,941 with this being a 7.1% rise on October 2017 when there were 87,720 sold. The number of AFVs sold in October this year was 10,597 compared to 8,106 in the same month last year – a significant increase of 30.7%.

On a year to date basis to October 2018, there were 2,064,419 new cars registered with this being a fall of 7.2% in comparison to the same period last year when 2,224,603 new cars were sold. New diesel car sales on a year to date basis to October 2018 were 656,273 with this being a fall of 30.7% when compared with the same period last year when there were 946,571 new diesel cars sold. New petrol car sales in the year to date to October this year amounted to 1,286,540 with this being an increase of 9.2% when compared with the same period to last year when there were 1,178,169 new petrol cars sold. New AFV car sales in the year to date to October 2018 were 121,606 compered to 99,863 in the same period to October 2017 – a big increase amounting to 21.8%. The market share for new diesel cars fell from 42.6% (year to date to October 2017) to 31.8% (year to date to October 2018), the market share for new petrol cars rose from 53% to 62.3% for the same periods and the market share for new AFVs rose from 4.5% to 5.9% for the same periods.

The top 5 selling new cars in October 2018 were: –

1. Ford Fiesta 5,564
2. Volkswagen Golf 3,765
3. Mercedes-Benz A-Class 3,339
4. Volkswagen Tiguan 3,297
5. Ford Focus 3,283

The top 5 selling new cars on a year to date basis to October 2018 were: –

1. Ford Fiesta 84,980
2. Volkswagen Golf 55,927
3. Vauxhall Corsa 46,057
4. Nissan Qashqai 44,742
5. Ford Focus 43,505

As stated earlier, these are disappointing results. Let us hope that we see a turnaround in future sales of new cars here in the UK. There are so many businesses affected by the number of new cars sold whether it be large dealerships who sell new vehicles to the sole trader motor mechanic who services and repairs cars.


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