UK car sales increased slightly by 2.5% year-on-year in July

According to the latest data from the British Automobile Manufacturers and Traders Association (SMMT), in July this year, new car sales in the UK increased slightly by 2.

5% year-on-year, achieving two consecutive years of growth.

Last month, new car sales in the UK were 147,517 units, the best performance for the same period since 2020.

In 2020, British car dealerships reopened after a four-month lockdown.

Thanks to the release of overstocked inventory, UK car deliveries surged.

In July this year, demand for electric vehicles in the UK exceeded the overall market.

Sales of electric vehicles in the UK accounted for 42% of the total number of new cars in the month.

sales of hybrid electric vehicles (HEVs) increased by 31.

4% year-on-year, accounting for 14.

5% of the overall automotive market.

while sales of plug-in hybrid electric vehicles (PHEV) increased by 12.

4% year-on-year, accounting for 8.

9% of the total number of new car registrations.

sales of pure electric vehicles (BEVs) increased by 18.

8% year-on-year, accounting for 18.

5% of total vehicle sales.

However, UK car sales growth is once again biased towards the fleet business, while demand from private individual buyers is again declining.

Among them, fleet sales increased by 13% year-on-year, accounting for 62% of all new car sales in the month.

while private car sales continued to decrease, down 11.

1% year-on-year, accounting for 36.

2% of the total car deliveries in the month.

In the first seven months of this year, the market share of pure electric individual buyers continued to decline, with private cars accounting for only 17.

2%, compared with 20.

3% in the same period last year.

At the same time, sales of pure electric private cars only increased slightly by 0.9%. Despite this, overall, pure electric vehicles accounted for 16.

8% of the new car market.

SMMT said that due to the requirement that zero-emission vehicles account for at least 22% of the annual new car registrations for each car brand, the pace of the transition to electric vehicles needs to be significantly accelerated.

Photo source: Rolls-Royce,GlobalData predicts that as supply constraints caused by the global semiconductor crisis slowed, British car sales increased by 18% year-on-year last year, and this year will increase by about 3% year-on-year to 2 million vehicles.

, Mike Hawes, CEO of SMMT, said: “Against the backdrop of economic turmoil, the new car market has achieved two consecutive years of growth, which proves the resilience and attractiveness of the UK automotive industry.

“, However, Mike Hawes pointed out: “Despite generous discounts offered by automakers, weakening private retail demand, especially for electric vehicles, remains a top concern.

Although more people are buying and driving electric vehicles, we still need to accelerate the transition to electric vehicles, otherwise the UK’s climate change goals will be threatened and the ability of carmakers to meet electric vehicle regulatory goals will be at risk.

To achieve the required speed of transformation of the electric vehicle market, automakers need to provide more support to consumers, and with the crucial September New License Plate Month approaching, action is needed now to set up incentives and build infrastructure.

“, Return to the first electric network home page>,.

Link to this article: https://evcnd.com/uk-car-sales-increased-slightly-by-2-5-year-on-year-in-july/

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