NEW CAR MARKET CONTINUES DOWNWARD TREND

Published 05/12/2017 00:00:00 in Press Releases

“The new car market continued its downward trend in November and it is now year to date -5.0% down on last year, in line with initial forecasts. While alternative fuel vehicles continued to grow significantly, registrations of new diesel cars showed a consistent decline as a consequence of recent media coverage and government’s announcements”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers in the UK commenting on the SMMT’s new car registration figures.

New car registrations declined by -11.2 % in November to 163,541 units. Year to date, the market is now -5.0% lower than last year with a total of 2,388,144 million cars registered. Sales of alternative fuel vehicles rose by 33.1%, petrol was up 5.0%, while diesel declined by -30.6%.

Robinson continued, “The recently announced increase in tax on first registration of all new diesel cars affects the cleanest Euro 6, which in many cases still represent the most efficient and affordable vehicle. By failing to increase VED* on older diesel cars, government is sending a confusing message to consumers that they should not buy a new diesel, but rather stay in their old cars or buy a second hand, dirtier diesel car.

“Positively, the resilience shown by the used car market continues to partially offset the decrease in new car registrations with many consumers considering second-hand cars as the most viable option for them.

“We expect the new car market to continue to perform in line with these results in the last month of the year.”

 

ENDS

NOTES TO EDITORS:

*Vehicle Excise Duty (VED)

Gabriele Severini, NFDA Communications Officer
Tel: 020 7307 3423
Mob: 07880 039897
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk  Email: gabriele.severini@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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