Motor Trade Insurance

Reduction In New Car Registrations In October 2019

November 6, 2019 by Logan Biggs

Once again, there is further disappointing news within the motor trade industry as the Society of Motor Manufacturers and Traders (SMMT) has announced that there has been a drop in the number of new cars registered here in the UK in October 2019.

Last month there were 143,251 new cars registered whereas in October 2018 the figure was 153,599 – a drop of 6.7%. This will particularly concern motor traders who are involved in the sale of new cars. The number of private new car sales fell by 13.2% between those periods, fleet sales rose by a minimal 0.3% and business sales dropped significantly by 30.3%.

On a year to date basis to October 2019, the figures are not good. Total new car registrations amounted to 2,005,522 compared to 2,064,419 for the same period to October 2018. The sale of new cars to the private sector was down by 3.2%, fleet sales rose slightly by 0.1% and business new car sales dropped hugely by 37.1%.

The sale of new diesel cars continued a downward pattern with 34,666 being registered in October 2019 compared to 48,381 in October 2018 – a large drop of 28.3%. The sale of new petrol cars also dropped to 89,371 compared to 92,348 – a reduction of 3.2%.

The sale of new diesel cars on a year to date basis to October 2019 dropped to 515,054 from 653,736 for the same period last year – a fall of 21.2%. New petrol car sales went up to 1,306,948 from 1,278,625 for the same periods – a rise of 2.2%.

It is pleasing to read that the registrations for combined alternatively fuelled vehicles had a market share of 9.9% in October 2019 compared to 6.9% in October 2018.

The top 5 selling cars in October 2019 were: –

  1. Ford Fiesta                                        5,138
  2. Nissan Qashqai                                 4,084
  3. Volkswagen Golf                              3,976
  4. Mercedes-Benz A-Class                    3,630
  5. Ford Focus                                        3,585

The top 5 selling cars on a year to date basis to October 2019 were: –

  1. Ford Fiesta                                          69,702
  2. Volkswagen Golf                                50,468
  3. Ford Focus                                          49,517
  4. Vauxhall Corsa                                    49,341
  5. Mercedes-Benz A-Class                      46,923

Motor traders will no doubt hope for a turnaround in the sale of new cars in the coming months as will the rest of the motor trade industry as so many areas of the industry are affected such as the servicing departments of garages and the suppliers of new car parts. We will continue to provide regular updates about the registration of new cars here in the UK.

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