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New car market declines in May

NFDA 05/06/2019

“The new car market declined by -4.6% reflecting a slowdown in consumer spending in May” 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 figures.

In May, new passenger car registrations declined by -4.6% with 183,724 units registered. Sales of petrol cars rose by 1.0%, diesel was down -18.3% and alternative fuel vehicles continued to take market share up a further 11.7%. Private demand declined by -5.0% and fleet by -3.0%.

Robinson added, “The continued decline in new vehicle sales reflects the current political and economic environment. Consumers will continue delaying decisions on major investments such as new vehicles until we have greater clarity.

“Pleasingly, despite the decline in new vehicle sales the used car market continues to perform strongly demonstrating that the consumer still has options when it comes to purchasing vehicles. Franchised retailers continue to benefit from the growing used vehicle market and the associated aftersales segment.

“We will continue to support franchised retailers through this unprecedented period of political uncertainty and continue to call on the government to provide clarity for the UK automotive sector”.

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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.