According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT) new car registrations grew by 1.7% in November.
This ends a four month consecutive decline with a total of 115,706 new cars registered.
What looks like a positive performance belies the underlying weakness of the market. Demand is there, with a slew of new, increasingly electrified, models launched but the global shortage of semiconductors continues to bedevil production and therefore new car registrations. The industry is working flat out to overcome these issues and fulfil orders, but disruption is likely to last into next year, compounding the need for customers to place orders early. The continued acceleration of electrified vehicle registrations is good for the industry, the consumer and the environment but, with the pace of public charging infrastructure struggling to keep up, we need swift action and binding public charger targets so that everyone can be part of the electric vehicle revolution, irrespective of where they live.”
Said Mike Hawes, SMMT Chief Executive.
Figures from the Society of Motor Manufacturers and Traders (SMMT).
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