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HomeUKNew automobile gross sales down 23% on pre-pandemic ranges

New automobile gross sales down 23% on pre-pandemic ranges



D

emand for brand spanking new automobiles stays considerably beneath pre-pandemic ranges however gross sales of electrical fashions proceed to buck the pattern.

The Society of Motor Producers and Merchants (SMMT) mentioned 115,087 new automobiles have been registered within the UK in January.

That is a rise of 27.5% on the identical month final yr, when showrooms throughout the nation have been closed because of coronavirus lockdowns.

However final month’s registrations have been 22.9% decrease than in January 2020, which was earlier than the virus disaster affected the business.

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

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

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

Battery electrical automobile registrations have been up 130.6% year-on-year, whereas demand for plug-in hybrids grew by 47.3%.

Non-public registrations of all new automobile varieties rose by 64.1%.

SMMT chief govt Mike Hawes mentioned: “Given the lockdown-impacted January 2021, this month’s figures have been at all times going to be an enchancment however it’s nonetheless reassuring to see a strengthening market.

“As soon as once more it’s electrified autos which are driving the expansion, regardless of the continued headwinds of chip shortages, rising inflation and the cost-of-living squeeze.

“2022 is off to an affordable begin, nonetheless, and with round 50 new electrified fashions due for launch this yr, prospects may have an ever larger selection, which might solely be good for our shared environmental ambitions.”



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