Check out new car registrations...
June new car registrations down 3.6%; YTD market down 4.2%
Compared to June 2005, the UK new car market fell 3.6% to 219,497 units, reports the SMMT today. Year-to-date figures show 4.2 per cent fall to 1,241,925 units. SMMT chief executive Christopher Macgowan commented, “In a market that has wobbled on the back of weaker consumer confidence and higher fuel costs, it's not surprising that supermini cars and diesel models are picking up.”
New car registrations have now fallen for nine successive quarters, although the market has shown some signs of recovery, rising for the first time this year in May. private volumes have fallen 4.6 per cent in the first half of the year. Consumer confidence is clearly still a factor in many buying decisions.
Fleet and business volumes showed a 1.5% fall in both June and Q2 ‘06, but remained down 3.9% over the first half of the year, mainly because of diesel company car sales brought forward to Q4 2005 to beat the 3% benefit-in-kind tax waiver on Euro 4 cars which ended in December 2005.
Registrations of UK-built cars fell by 15.2% in June and by 14.6% over the year to date. Imports have also fallen, but at a far lower rate.
Data on registrations by market segment and by manufacturer are posted on
www.smmt.co.uk/data.