UK’s September new automobile gross sales close to the quarter million mark

Registrations of latest automobiles within the plate-change month of September reached 225,269 items; the 4.6% uplift marking the brand new automobile market’s second successive month of year-on-year progress, SMMT knowledge exhibits.

Registrations by giant fleets drove the uplift. The fleet sector was up by 12.5%, whereas registrations to personal consumers – nonetheless accountable for most demand – fell by 3.6%.

The Nissan Qashqai was the best-seller in England, Wales and Northern Eire however in Scotland it was knocked into second place by the Vauxhall Corsa.

Ford was the general market chief in September, with 20,735 gross sales – virtually double its September 2021 outcome – and 9.2% share of the market, whereas rival Volkswagen trailed it with 18,996 registrations and eight.4% market share.

The Society of Motor Producers and Merchants identified that though September recorded progress it remained 34% behind pre-pandemic September 2019, which signifies the continued disruption to the automotive provide chain.

“The trade continues to battle points constraining provide to fulfil a backlog of orders,” stated the SMMT.

“Whereas progress is welcome following a torrid first half of the 12 months, whole registrations for 2022 stay down -8.2% on a weak 2021 efficiency and greater than a 3rd (-35.1%) beneath the primary three quarters of pre-pandemic 2019, equal to 653,903 fewer items.”

Plug-in automobiles accounted for multiple in 5 new automobiles becoming a member of UK roads in September as OEMs proceed to extend provide of low- and zero-emission automobiles to assist the UK’s transition away from pure petrol or diesel new automobiles by 2030.

Whereas plug-in automobiles first turned obtainable greater than a decade in the past, and offered in small numbers, virtually 1 / 4 of one million plug-in automobiles have been offered in 2022.

SMMT chief executive Mike HawesMike Hawes, SMMT chief government, stated: “September has seen Britain’s millionth electrical automobile attain the street – an necessary milestone within the shift to zero emission mobility.

“Battery electrical automobiles make up however a small fraction of automobiles on the street, so we have to guarantee each lever is pulled to encourage motorists to make the shift if our inexperienced objectives are to be met.

“The general market stays weak, nevertheless, as provide chain points proceed to constrain mannequin availability. While the trade is working laborious to deal with these points, the long-term restoration of the market additionally relies upon on strong client confidence and financial stability.”

September’s progress followed a 1.2% rise in August and is the third month of will increase in 2022.

“We’re approaching a turning level within the automobile market,” stated Auto Dealer’s industrial director Ian Plummer in response to the September figures.

“For the previous 18 months, producers have been struggling to get important elements, equivalent to semiconductors because of COVID after which exacerbated by the battle in Ukraine. However the indicators are that these provide pressures at the moment are starting to ease, with extra availability of important elements which can assist various producers fulfil a few of their order backlog.”

Plummer stated the constructive efficiency within the fleet channels, which have largely been missed lately in favour of extra worthwhile retail gross sales, is an effective signal.

“Though we’re nonetheless a great distance off rental corporations having the ability to renew all of their fleets, it does imply that these motorists on leasing contracts will start to see higher indicators of provide to resume their automobiles.”

Chris Knight, automotive accomplice at KPMG UK, believes the trade can’t sit again now as increased family prices will form new automobile demand.  

“As client credit score turns into costlier because of increased rates of interest, we anticipate to see a fall within the common worth paid for brand spanking new automobiles, while some shoppers will delay shopping for a brand new automobile altogether.

“For current prospects going through elevated outgoings, some will query the affordability of their automobile funds,” Knight added.

“Producers are working laborious to not move their very own value will increase onto prospects within the type of increased costs. While decrease value manufacturers could really feel this mixture of things presents alternative to develop market share.”

MORE: New car registrations data – by manufacturer and historic

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