Good news! The UK new car registrations rose 10.4% in April 2018 – according to the Society of Motor Manufacturers and Traders (SMMT). 167,911 new units were registered.
Petrol car registrations grew 38.5% in April but diesel registrations are still on the decline down by -24.9%. Registrations of plug-in and hybrid electric cars are still on the rise up by 49.3%.
Plug-in and electric hybrid cars only account for 5.6% of the market.
Mike Hawes, SMMT Chief Executive
“It’s important not to look at one month in isolation and, given the major disruption to last April’s market caused by sweeping VED changes, this increase is not unexpected. While the continuing growth in demand for plug-in and hybrid cars is positive news, the market share of these vehicles remains low and will do little to offset damaging declines elsewhere. Consumers need certainty about future policies towards different fuel types, including diesel, and a compelling package of incentives to deliver long-term confidence in the newest technologies.”