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New car market starts 2019 in line with last year

NFDA 05/02/2019

“The new car market remained stable in January, with a small decline of -1.6%, supported by increases in private demand and sales of alternative fuel vehicles”, 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 latest SMMT’s new passenger car registration figures.

New passenger car registrations declined by -1.6% in January with 161,013 units registered. Sales of petrol cars rose by 7.3%, diesel declined -20.3% and alternative fuel vehicles (AFVs) grew by 26.3%. Private demand increased by 2.9%, while fleet was down -3.4%.

Robinson continued, “Positively, sales of alternative fuel vehicles grew substantially in January and we expect the sector to perform well throughout 2019 as new models enter the market and the current ones become more affordable.

“It is encouraging to see that demand from private consumers grew by 2.9%. With different types of vehicles coming to the market and new emission figures available, retailers have an important role to play in informing consumers and helping them choose the right car.

“The retail automotive industry is flexible and resilient, but we urge the Government to provide clarity to businesses and consumers as soon as possible”.

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About the RMI

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.