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HomeUKDemand for brand new vehicles stays under pre-pandemic ranges

Demand for brand new vehicles stays under pre-pandemic ranges


emand for brand new vehicles stays under pre-pandemic ranges however gross sales of electrical fashions proceed to buck the pattern.

Provisional figures from the Society of Motor Producers and Merchants (SMMT) present UK registrations in January have been greater than 1 / 4 greater than throughout the identical month final yr.

However the sector’s efficiency 12 months in the past was severely affected by showrooms throughout the nation being closed because of the coronavirus pandemic, with simply 90,000 registrations recorded in January 2021.

Gross sales of battery electrical autos elevated by 130% year-on-year (John Walton/PA) / PA Archive

The full for January 2020 – earlier than the pandemic – was 149,000.

Gross sales proceed to be restricted by low shopper confidence and the worldwide scarcity of laptop chips, which is limiting provide.

One in 5 new automobile patrons final month selected a plug-in car.

Battery electrical car registrations have been up round 130% year-on-year, whereas demand for plug-in hybrids grew by roughly 45%.

Personal registrations of all new automobile varieties rose by round 60%.

Confirmed figures will probably be revealed by the SMMT at 9am on Friday.

Jim Holder, editorial director of journal and web site What Ca ?, mentioned the “well being of the business for 2022 stay precarious”.

He went on: “A partial restoration from final yr’s dire 1.65 million new automobile registrations to a determine predicted to be nearer 2.0 million this yr is welcome, and mirrored by this month’s figures.

“However it’s a far cry from the height of almost 2.7 million in 2016.

“It’s clear that quite a few points, led by the semiconductor chip scarcity, proceed to throttle the business’s restoration.”

He added that clients are those “finally paying the worth” as new automobile costs are “rising quickly” attributable to a mix of producers rising revenue margins and uncooked supplies turning into costlier.

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