FEBRUARY 2023 NEW CAR REGISTRATIONS CONTINUE TO RISE. Short new car news.

UK new car registrations grew again for the seventh consecutive month in February.

New figures from the Society of Motor Manufacturers and Traders (SMMT) show a total of 74,441 new cars were registered last month – a rise of 26.2%.

The best selling new car last month was the Vauxhall Corsa. Hybrid Electric Vehicles (HEV’s) registrations were up 40% while diesel registrations fell.

After seven months of growth, it is no surprise that the UK automotive sector is facing the future with growing confidence. It is vital, however, that government takes every opportunity to back the market, which plays a significant role in Britain’s economy and net zero ambition. As we move into ‘new plate month’ in March, with more of the latest high-tech cars available, the upcoming Budget must deliver measures that drive this transition, increasing affordability and ease of charging for all.

Said Mike Hawes, SMMT Chief Executive.

Figures from The Society of Motor Manufacturers and Traders