MPH Vehicle Solutions Limited

 MPH Vehicle Solutions Ltd

Call us on 01242 500255
offers@mph.uk.com

Monday to Friday 9.00am to 5.30pm

New car registrations drop by 35.5%

New car registrations are the lowest since 1959 SMMT report. 

The UK new car market declined by -35.5% in February as 51,312 cars were registered, thats 28,282 fewer units registered according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). 

Plug-in vehicles continued to enjoy growth, with BEVs and PHEVs taking a combined 13.0% market share for the month, up from just 5.7% in February 2020. BEV uptake increased by 40.2% to 3,516, and PHEVs by 52.1% to 3,131 as the industry continues to promote a broad range of lower-emission technologies for consumers. 

However, increasing uptake of these new technologies to the levels required by 2030 remains a mammoth task. This is a trend that we are seeing at MPH with a high percentage of enquiries and cars being ordered being electric or Hybrid.  A lot of this is been driven by low BIK for company car drivers and more people taking up salary sacrifice schemes. 

Diesel cars took the biggest hit with a drop of 61% from last year and only Electric vehicles increasing in sales and now has a market share of 6.9%, Petrol currently has the biggest market share with 50.6%, this is down from 60.8% a year ago.

car regs summary graphic feb 2021 smmt feb 21 figures

If you are considering going over to an electric or hybrid car then give us a call and we can help point you in the right direct. 
You can also check out the latest green cars or find out a little more information on our going green page.

If you would like to speak to us call us on 01242 505051 or request a call back 

5th March 2021

Contact us

Email : offers@mph.uk.com

Telephone : 01242 500255

Company Address :
MPH Vehicle Solutions Limited
Pittville House
122 Winchcombe Street
Cheltenham

GL52 2NW

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MPH Vehicle Solutions Limited are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 677046

Registered in England & Wales with company number : 06676289 | Data Protection No : Z3442443 | VAT No : 939 878 444 | BVRLA No: 10157

Registered Office : Pittville House, 122 Winchcombe Street, Cheltenham GL52 2NW

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.

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