The UK new car market grew for a second consecutive year in 2024. A total of 1,952,778 new cars were registered last year, marking a 2.6% increase, according to the Society of Motor Manufacturers and Traders (SMMT).
Electric Vehicles registrations continue to grow, recording a 19.6% share of the new car market.
December’s best selling car was the Tesla Model Y and the best selling car of 2024 was the Ford Puma.
A record year for EV registrations underscores vehicle manufacturers’ unswerving commitment to a decarbonised new car market, with more choice, better range and increased affordability than ever before. This has come at huge cost, however, with the billions invested in new models being supplemented by generous incentives which are unsustainable. We need rapid results from the regulatory review and urgent substantive support for consumers – else automotive investments will be at risk and the jobs, economic growth and net zero ambitions we all share in jeopardy.
Said Mike Hawes, SMMT Chief Executive.
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