brand-new car registrations fell in October for initially in 43 months

Tuesday, October 25th, 2016 - autos, cars, motoring, news

Source : brand-new car registrations fell in October for initially in 43 months

First dip in brand-new car registrations for three in addition to a half years; diesel market share fell; mixed picture for Volkswagen brands; hybrids in addition to EVs sales rose

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Monthly brand-new car registrations from the UK dropped for initially in more than three in addition to a half years in October as market growth levelled off.

Figures released today by the Society of Motor Manufacturers in addition to Traders (SMMT) show of which 177,664 brand-new cars were registered last month, compared with 179,714 in October 2014. of which represents a fall of 1.1 per cent – the first such drop following a record 43 consecutive months of growth.

There is usually a little indication of which British consumers could be starting to turn away through diesel cars from the wake of the Volkswagen emissions scandal.

The market share for diesel-fuelled cars fell by 0.5% in October compared to the same month in 2014, in addition to has dropped by 1.7% in total for the year to date compared to the corresponding ten months in 2014.

Registrations of petrol-powered cars rose by 0.2% last month, in addition to are up by a full 1% for the year to date.

The most significant development is usually the growth in demand for alternatively fuelled vehicles (AFVs). October AFV volumes were up by 13.8% yet more importantly, they accounted for 3% of the total market in October – initially of which has ever happened.

However, there is usually a mixed picture for the actual brands within the Volkswagen Group, suggesting of which brand confidence hasn’t necessarily been hit by the ongoing scandal.

Volkswagen’s market share compared with October 2014 decreased by 9.84% last month, yet rivals Ford in addition to Vauxhall also posted market share losses.

Audi enjoyed a mild uplift in market share of 2.24%, yet Skoda was down 3.03% in addition to Seat fell by 32.23%.

Year-to-date figures demonstrate of which the brand-new car market is usually still very buoyant – 2,274,550 cars have been registered so far of which year, 6.4% more than at of which time in 2014, in addition to the best year-to-date performance on record.

Mike Hawes, SMMT Chief Executive, said: “The UK car market has gone through a period of unprecedented growth in addition to, so far, 2015 has been a bumper year with the strongest performance since the recession.

“As expected, demand has right now begun to level off yet the sector is usually in a strong position, as low interest rates, consumer confidence in addition to exciting brand-new products combine to attract brand-new car buyers. The current full-year growth forecast remains on track.”

The high-value market segments enjoyed significant gains, with specialist sports in addition to luxury saloon vehicle registrations growing 59.0% in addition to 23.1% respectively.

The UK’s most-registered brand-new cars in October 2015

1 Ford Fiesta 8577 cars registered

2 Vauxhall Corsa 5061

3 Volkswagen Golf 5057

4 Ford Focus 4913

5 Nissan Qashqai 4544

6 Audi A3 3884

7 Volkswagen Polo 3233

8 Nissan Juke 3155

9 BMW 1 Series 2944

10 BMW 3 Series 2805

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