Lowest September Vehicle Registrations Since 1999.
The SMMT have reported that the UK car market declined overall by 4.4% in September compared to the same time last year. Only 328,041 vehicles were registered during the month, this is the weakest market since the introduction of the dual number plate system in 1999 and nearly 16% lower than the 10 year average of circa 390,000 units for the month. The poor performance follows low volumes recorded in 2018 and 2019 when the WLTP changes affected vehicle supply. One positive was Battery Electric and Plug-in Hybrid registrations which grew substantially accounting for more than 1 in 10 registrations.
Mike Hawes, SMMT Chief Executive, said,
“During a torrid year, the automotive industry has demonstrated incredible resilience, but this is not a recovery. Despite the boost of a new registration plate, new model introductions and attractive offers, this is still the poorest September since the two-plate system was introduced in 1999. Unless the pandemic is controlled and economy-wide consumer and business confidence rebuilt, the short-term future looks very challenging indeed.”
Commenting on the registrations Simon Young Manging Director FISC Limited said, “it has been undoubtedly a very difficult month for the networks and taking everything into account, dealerships should be proud of the figures they have achieved. Vehicle supply was a definite problem, and the lack of month end pre-registrations is probably the major defining factor in the final result. Our experience is that our clients have worked tirelessly during and after lockdown to find more innovative ways to market their vehicles as customer buying habits have changed. These new approaches we undoubtedly reap their reward over the long term. It is gratifying once again to see that in a declining market, users of eMaster™ have again bucked the trend, recording an overall growth of 6.6%, an extremely positive year-on-year result.”