June 2022 new car registrations fell by -24.3% according to new figures from the Society of Motor Manufacturers and Traders (SMMT).
This represents the weakest new car registrations performance for June since 1996!!
Better news is that Battery Electric Vehicles (BEVs) growth continues with an 14.6% increase.
The semiconductor shortage is stifling the new car market even more than last year’s lockdown. Electric vehicle demand continues to be the one bright spot, as more electric cars than ever take to the road, but while this growth is welcome it is not yet enough to offset weak overall volumes, which has huge implications for fleet renewal and our ability to meet overall carbon reduction targets. With motorists facing rising fuel costs, however, the switch to an electric car makes ever more sense and the industry is working hard to improve supply and prioritise deliveries of these new technologies given the savings they can afford drivers.Mike Hawes, SMMT Chief Executive
The best selling new car in June 2022 was the Vauxhall Corsa.
Figures from the Society of Motor Manufacturers and Traders (SMMT).
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