Wednesday, July 6, 2022
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 12 months.

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

Gross sales of battery electrical automobiles 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 pc chips, which is limiting provide.

One in 5 new automotive consumers 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 automotive sorts rose by round 60%.

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

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

He went on: “A partial restoration from final 12 months’s dire 1.65 million new automotive registrations to a determine predicted to be nearer 2.0 million this 12 months 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 trade’s restoration.”

He added that clients are those “finally paying the value” as new automotive costs are “rising quickly” on account of a mixture of producers rising revenue margins and uncooked supplies turning into costlier.

Supply hyperlink

- Advertisment -

Most Popular

Recent Comments

English English German German Portuguese Portuguese Spanish Spanish