New car registration declines by lowest 4.4 percent in 21 yrs in UK ─Survey

*Total registrations fell short from previous years and follow an erratic period of market performance since emerging from lockdown

Isola Moses | ConsumerConnect

A new car registration in the United Kingdom (UK) has declined by 4.4 percent September 2020 year-on-year, marking the weakest since the dual number plate system began in 1999.

According to a report released Monday, October 5, car sales the Society of Motor Manufacturers and Traders (SMMT) in the report revealed that in September this year, 328,041 new cars were registered, 15.8 percent lower than the 10-year average of around 390,000 units for the month.

September is traditionally one of the two best months in the year for car sales, adding that licence plates are changed in the month, report said.

The trade association for the British motor industry also stated that some brands saw substantial growth in the month.

It noted that total registrations fell short from previous years and follow an erratic period of market performance since emerging from lockdown.

According to SMMT, battery electric and plug-in hybrid car uptake grew substantially to account for more than one in 10 registrations as demand for battery electric vehicles increased by 184.3 per cent compared with September 2019.

Mike Hawes, Chief Executive of the SMMT said “despite the boost of a new registration plate, new model introductions and attractive offers, this is still the poorest September since the two-plate system was introduced in 1999.

Hawes: “Although the relaxation of lockdown restrictions from June fuelled the recovery of the industry, the market still faces continued pressure with ‘myriad challenges over the next quarter’.

“Brexit uncertainty and the threat of tariffs still concerns the industry, while the shift towards zero emission-capable vehicles is demanding huge investment from the sector.

“Stalling fleet renewal across all technologies is hampering efforts to meet climate change and air quality targets now.’’

According Hawes, to bring economy and life back to normal, countries such as Britain, China, Russia and the United States, are racing against time to develop coronavirus vaccines.

“Unless the pandemic is controlled and economy-wide consumer and business confidence rebuilt, the short-term future looks very challenging indeed,’’ it added.

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