New figures from the Society of Motor Manufacturers and Traders (SMMT) show that for the first time since February this year the new car market rose by 1.2% in August.
August is typically a quieter month because many buyers would choose to wait for the September new number plate change.
A total of 68,858 new cars were registered last month with battery electric vehicle (BEV) continuing their growth up 35.4%.
Overall the year to date market is -35.3% down on 2019 pre-pandemic.
August’s new car market growth is welcome, but marginal during a low volume month. Spiralling energy costs and inflation on top of sustained supply chain challenges are piling even more pressure on the automotive industry’s post-pandemic recovery, and we urgently need the new Prime Minister to tackle these challenges and restore confidence and sustainable growth. With September traditionally a bumper time for new car uptake, the next month will be the true barometer of industry recovery as it accelerates the transition to zero emission mobility despite the myriad challenges.Said Mike Hawes, SMMT Chief Executive.
Figures from the Society of Motor Manufacturers and Traders (SMMT).
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