SMMT: New car market maintains momentum with tenth month of growth

Monday, 5 June 2023 09:03

New car registrations rise 16.7% to deliver 10th consecutive month of growth as supply continues to improve. Market records longest uninterrupted period of growth since 2015 – but remains -21.0% down on 2019. Drivers continue switch to electric vehicles as BEV volumes grow 58.7% to take 16.9% market share. The UK new car market has posted its longest uninterrupted period of expansion for eight years, as registrations grew 16.7% in May to reach 145,204 units...Request free trial