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UK new car market declines in first nine months of 2019

04 October 2019
Peter Barnes, head of automotive sector at DWF, comments on SMMT car registration figures for September 2019.

Peter Barnes said:

"The new car registration figures demonstrate a continued decline in consumer confidence impacting the sale of new cars in the UK (down 2.5% year to date) with diesel sales being particularly hit. However, there are some positives to be seen. The continued consumer appetite for purchasing hybrid vehicles shows a positive upwards trend. Battery electric vehicles have seen 122.1% growth on 2018 figures, mild hybrid electric petrol vehicles have seen a 200.9% growth on 2018 figures and mild hybrid electric diesel sales have seen growth of 949.5%. Despite this, these growth figures mask the continued low confidence of consumers caused by the political and economic uncertainty created by the continuing Brexit confusion and the UK car industry would benefit from the positive results that a stable market would bring which would enable consumer confidence to return."


For more information, please contact:
Nahidur Rahman, Senior PR Manager
Tel: +44 7851 796943
Email: nahidur.rahman@dwf.law 

Alternatively, contact the DWF press office on press.office@dwf.law

 

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