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January new car sales at lowest level since 1970

January new-vehicle product sales fell to their most affordable level considering the fact that 1970,...

January new-vehicle product sales fell to their most affordable level considering the fact that 1970, with 39.five per cent less new vehicles registered than in the similar month in 2020.

With lockdowns across all 4 nations of the Uk maintaining dealership doors firmly shut in the course of the month, only 90,249 new vehicles were registered – fifty nine,030 less than in January previous yr.

Desire was down 38.five per cent with non-public customers and 39.seven per cent with fleet purchasers, with petrol and diesel registrations falling 62.one per cent (forty four,903 product sales), and fifty.six per cent (11,083 product sales) respectively. 

EV registrations grew fifty four.4 per cent (six,260 product sales), although, using a six.4 per cent share of the current market, even though plug-in hybrid product sales grew 28 per cent (six,124 product sales) for a six.8 per cent current market share. That suggests plug-in vehicles of one form or a different accounted for thirteen.seven per cent of all new registrations previous month, outperforming diesel’s twelve.three per cent current market share. 

The Modern society of Motor Makers and Traders (SMMT), which unveiled the figures, has pointed out that lockdown restrictions aren’t envisioned to start staying lifted till March, which sees a new quantity plate launch and is the most crucial month of the yr for the sector, with one in five new vehicle registrations using spot.

Worried about the decrease in registrations getting a knock-on effect on production – which fell to its most affordable once-a-year level considering the fact that 1984 previous yr – the SMMT is contacting for dealerships to be reopened “as shortly as it is secure to do so”.

It was earlier envisioned that extra than two million new vehicles would be registered in 2021, but this forecast has now been reduced to underneath one.9 million. This would, on the other hand, even now be 15.seven per cent extra than the “lost year” that was 2020.

Mike Hawes, chief executive of the SMMT, stated: “Following a £20.4 billion decline of income previous yr, the auto market faces a complicated start to 2021. The vital lockdown will obstacle modern society, the overall economy and our industry’s capacity to go promptly toward our bold environmental goals.

“Lifting the shutters will safe employment, promote the critical desire that supports our production, and will permit us to forge forward on the ‘Road to Zero’. Each individual working day that showrooms can properly open will make any difference, especially with the vital month of March looming.”

Locate out the most effective vehicles coming out in 2021 here…