January 2022 new car registrations increased by 27.5% compared to the same period in 2021.
A total of 115,087 new cars were registered last month according to new figures from the Society of Motor Manufactures and Traders (SMMT).
Growth in battery electric (BEV), plug-in hybrid (PHEV) and hybrid (HEV) accounting for almost 1 in 3 new cars sold in January.
Given the lockdown-impacted January 2021, this month’s figures were always going to be an improvement but it is still reassuring to see a strengthening market. Once again it is electrified vehicles that are driving the growth, despite the ongoing headwinds of chip shortages, rising inflation and the cost-of-living squeeze. 2022 is off to a reasonable start, however, and with around 50 new electrified models due for release this year, customers will have an ever greater choice, which can only be good for our shared environmental ambitions.
Said Mike Hawes, SMMT Chief Executive.
Figures from the Society of Motor Manufacturers and Traders (SMMT).
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