Gashi Automobile News According to Reuters, on August 5, the British Automobile Manufacturers and Traders Association (SMMT) lowered its forecast for new car sales in the UK in 2024, saying weak demand in the private retail market for electric vehicles is a top priority.
According to SMMT’s latest forecast, new car sales in the UK this year are expected to be 1.
97 million units, lower than the previous forecast of 1.
98 million units, and lowered its annual market share forecast for pure electric vehicles to 18.
5% from the previous 19.8%. 2008-2024 New car registrations in a single month in July 2020.
Photo source: SMMT,SMMT’s latest registration data shows that last month, new car registrations in the UK increased by 2.
5% year-on-year to 147,517 vehicles.
It has achieved growth for 24 consecutive months and is also the best monthly performance in July since 2020.
Among them, demand in the private retail market fell 11.
1% year-on-year to 53,356 vehicles.
As of July this year, private retail demand in the UK auto market has fallen for ten consecutive months.
“Despite generous discounts offered by manufacturers, weak private retail demand, especially for electric vehicles, remains the most worrying issue,” SMMT CEO Mike Hawes said in a press release.
In July, demand for electric vehicles in the UK exceeded demand in the overall automotive market, accounting for 42% of registrations.
Among them, the registered number of hybrid vehicles was 21,446, a year-on-year increase of 31.
4%, and the market share reached 14.5%. the registered number of plug-in hybrid vehicles was 13,149, a year-on-year increase of 12.
4%, and the market share was 8.9%. Sales of pure electric vehicles increased by 18.
8% year-on-year to 27,335, and the market share reached 18.5%. From January to July this year, new car registrations in the UK increased by 5.
5% year-on-year to 1,154,280 units.
Among them, demand in the private market fell by nearly 12% year-on-year.
the fleet’s new car registrations increased by 21% year-on-year to 691,929 units.
Judging from the registrations in the first seven months, the registrations of pure electric vehicles accounted for 16.
8% of the total new car registrations.
, SMMT said,”For car brands, registrations of zero-emission vehicles this year need to be at least 22% of total annual sales, so the pace of transformation needs to be significantly accelerated.
” However, given current market conditions, this faster transformation seems increasingly unlikely.
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