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Fleet sales mean March new car sales up 11.5 per cent YOY

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SMMT

The car registration data from the Society of Motor Manufacturers and Traders (SMMT) for the month of March shows that the UK new car market recorded its first ‘growth’ since August 2020, with 29,280 more units registered during March compared to the same month last year. However, the month represents the anniversary of the first lockdown in March 2020, when the pandemic brought Britain to a standstill and registrations fell by -44.4 per cent.

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  1. Record sales of AFVs in February as overall market dips slightly
  2. 36th month of growth in car sales
  3. Fleets drive August growth in car registrations
  4. Slight fall in August new car sales, but strong showing for electric cars
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35.5% decline means lowest February car registrations for 62 years

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The UK new car market declined by -35.5 per cent in February as 28,282 fewer units were registered during a traditionally weak month for new vehicle uptake, according to figures from the Society of Motor Manufacturers and Traders (SMMT). The industry recorded its lowest February uptake since 1959, with 51,312 new cars registered.

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Related news:

  1. Record sales of AFVs in February as overall market dips slightly
  2. Slight fall in August new car sales, but strong showing for electric cars
  3. UK new car market down a third as tentative restart reveals subdued demand
  4. 36th month of growth in car sales
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BuyaCar predicts surge in car sales when lockdown restrictions ease

Dealers should be ready for a new surge in car sales when Britain emerges out of lockdown, according to the specialist online car supermarket BuyaCar.co.uk. The digital motor retailer issued the alert after conducting research (among 421 car owners) which reveals that an overwhelming majority of people will choose to use their own car over other modes of transport, when the latest national lockdown restrictions are lifted. 

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  1. Women account for 50% of online car purchases for first time
  2. Record number of UK car buyers go ultra-low on emissions
  3. Mycarcheck.com: Sales spikes for alternative fuel cars and 126-650cc bikes
  4. SMMT urges government to back new-tech diesel following market decline, uncertainty
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Positive news on Australian auto sales in January

News from the Federal Chamber of Automotive Industries (FCAI) reveals that Australia motor vehicles sales grew by year-on-year 11.1 per cent in January 2021.

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  1. Europe’s auto industry faces a tough 2020, says GlobalData
  2. European light vehicle market forecast to see 80 per cent fall in April – GlobalData
  3. European auto markets ‘exceed expectations’ in May – GlobalData
  4. EESL Thai investment paves way for electric two-wheelers with swappable batteries
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Mixed reactions to November car sales figures

The reactions to November’s UK car registration figures, which fell by 27.4 per cent year-on-year according to the SMMT, varied in tone; some were optimistic, others were worried about whether or not the industry could cope with the brought-forward target of 2030 for phasing out of sales of new petrol and diesel cars. And of course there was the uncertainty of whether a Trade Deal could be negotiated with the EU and of the effects of Brexit on the automotive industry, not to mention the effect on the automotive business of the pandemic.

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  1. Best January for new car sales for eight years
  2. UK car registrations decline in May – SMMT figures
  3. New car sales continue to slide in October
  4. Slight fall in August new car sales, but strong showing for electric cars
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NFDA comments on FCA’s Motor Finance Discretionary Commissions ban

The Financial Conduct Authority (FCA) has confirmed it will introduce a ban on motor finance discretionary commission models. The announcement followed a consultation in October 2019. “In the light of consultation feedback and the additional operational pressures which the sector is facing at present the FCA has agreed to give firms limited additional time to implement the new rules, with the ban coming into force on 28 January 2021”, FCA said.

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  1. European new car sales hit 10-year high, UK declining quickly
  2. January new car sales down -6.3 per cent
  3. Car sales figures represent ‘encouraging trend’ – NFDA
  4. Record response rate for NFDA Dealer Attitude Survey
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Over two-thirds of over 55s bought car outright

Over two-thirds (69 per cent) of car owners over 55 bought their car outright without using finance, compared to half (50 per cent) of 34 – 54yrs and a third (33 per cent) of under 34s, according to a survey of over 2,000 UK drivers. On average, over half (56 per cent) of cars were bought outright via cash or debit card, 10 per cent were bought on hire purchase, 11 per cent using personal contract purchase (PCP), 5 per cent loan from a bank, 5 per cent on lease and 3 per cent were given as a gift. The Opinium survey, commissioned by InsuretheGap, an independent provider of GAP (Guaranteed Asset Protection) car insurance, finds that almost one in five (17 per cent) under 34s use a PCP to finance a car purchase, compared to just 9 per cent of over 55s.

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17.2 per cent decline in global light vehicle market 2020 – GlobalData

The world’s light vehicle market is forecast to decline by 17.2 per cent to 73.6 million units in 2020 due to the impact of the Covid-19 pandemic and its associated economic fallout, according to data and analytics company GlobalData. Calum MacRae, automotive analyst at the company, comments: “This is a bigger one-off shock than witnessed in the two years of the global financial crisis.”

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  1. European auto markets ‘exceed expectations’ in May – GlobalData
  2. Europe’s auto industry faces a tough 2020, says GlobalData
  3. European light vehicle market forecast to see 80 per cent fall in April – GlobalData
  4. GlobalData forecasts 30% drop in UK new car market 2020
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Peak petrol – has UK hit auto landmark unnoticed?

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Volkswagen

Following the SMMT’s June round of car registrations figures, analyst Deloitte wonders if there is cause to think a UK automotive landmark has passed. While much of the focus has been on the historic depths the country’s car sales have hit, the proportional demand for hybrid and electric vehicles has continued to rise at pace. Michael Woodward, UK automotive lead, Deloitte, said: “The automotive industry is taking positive steps towards recovery from the impact of COVID-19. Socially-distanced showrooms have been reopened in England for a full month, and factory production is ramping up again, in some cases faster than expected.

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  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. Decline in car sales continues in October
  3. Commuters may help car market recovery
  4. Fall in new car market a ‘wake up call’ to policy makers
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Cautious optimism on car sales from NFDA

Commenting on the SMMT car registration figures, Sue Robinson, director of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers in the UK, said: “Pent-up demand helped sales during the first weeks, but the market will need to be monitored closely to support the sector over the coming months”

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  1. Record sales of AFVs in February as overall market dips slightly
  2. Slight fall in August new car sales, but strong showing for electric cars
  3. Slower August for UK new car market – registrations drop 6.4 per cent
  4. January car registrations – NFDA sees ‘encouraging’ signs
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UK new car market down a third as tentative restart reveals subdued demand

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SMMT

UK new car registrations fell -34.9 per cent in June, according to figures from the Society of Motor Manufacturers and Traders (SMMT) as the market began a tentative restart after more than two months of lockdown. The drop was an improvement on May’s -89.0 per cent wipe-out but, with 145,377 new car registrations, this still represented a significant decline of 78,044 compared with June 2019, as dealerships in Wales and Scotland remained closed for much of the month.

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  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. February marks two years of growth in UK car sales
  3. 30th consecutive month of growth in UK car registrations – SMMT
  4. UK now biggest EU market for Korean car brands – SMMT
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NFDA highlights impact of delayed car dealer reopening in Scotland

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On Friday 19 June, the National Franchised Dealers Association (NFDA) wrote to Scottish first minister Nicola Sturgeon MSP to highlight the potential impact of the delay in allowing dealerships to reopen in Scotland. While dealerships could reopen on 1 June in England, 8 June in Northern Ireland and 22 June in Wales, dealers in Scotland have been given the green light from 29 June. Acting on behalf of its Scottish members, NFDA states that it has repeatedly urged the Scottish Government to consider reopening as soon as possible in view of the specific circumstances of the sector. The NFDA previously said there had been “positive trading” at dealerships in the other parts of the UK since reopening.

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  1. Still room for car dealership haggling, argues NFDA
  2. NFDA Winter 2017 Dealer Attitude Survey shows little change
  3. June UK car sales – decline continues as low emission sales falter
  4. NFDA comments on FCA’s Motor Finance Discretionary Commissions ban
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ACEA forecasts record 25% drop in car sales

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ACEA

The European Automobile Manufacturers’ Association (ACEA) predists that the market for cars in Europe will be down a quarter in 2020. The association revised its forecast radically due to the economic challenges the COVID-19 pandemic poses to the auto industry. Around 3 million fewer cars will be sold in 2020 according to the forecast. EU sales numbered 12.8 million in 2019, but are now forecast to be as low as 9.6 million in 2020.

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  1. ‘Positive trading’ since car showroom reopening – NFDA
  2. European car registrations continue to rise
  3. European car registrations rebound in November
  4. Bridgestone EMIA resuming manufacturing
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Contactless car sales are key to industry’s future, says Car Buying Group

With the automotive industry taking a hit during the Coronavirus pandemic, The Car Buying Group has resumed trading with tens of thousands of customers looking to sell their car. Claiming its success is down to its contactless car buying method, the firm’s CEO advises that this is the future for the industry.

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  1. IMDA works with Advertising Standards Authority to create new guide for dealers
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Car market ‘unleashed’ after lockdown – BuyaCar.co.uk

Ending lockdown has “unleashed a surge in demand for cars,” according to the online car supermarket BuyaCar.co.uk. While spectacular increases in every measure of consumer interest during June are somewhat tempered by equally spectacular declines in the preceding months, BuyaCar contends that enquiries from buyers are not simply bouncing back from the depths of the coronavirus crisis. They are already beginning to overtake pre-pandemic levels.

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  1. Crisis car and van purchases continue by essential workers only – BuyaCar.co.uk
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