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.
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
5th March 2021
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Telephone : 01242 500255
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MPH Vehicle Solutions Limited
122 Winchcombe Street
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
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Registered Office : Pittville House, 122 Winchcombe Street, Cheltenham GL52 2NW
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