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NEW CAR MARKET DECLINES IN AUGUST, IN LINE WITH 2017 FORECASTSBack

New car registrations declined -6.4% in August to 76,433 units. Year to date, the market remains stable with a minor decrease of -2.4% on 2016 which equates to 1.64 million cars registered. Sales of Alternative Fuel Vehicles (AFVs) rose by 58.3% in August with a market share of 5.2%. Petrol registrations grew by 3.8% and diesel fell -21.3%.

It is notable that Alternative Fuel Vehicles continue to grow market share, up 58.3% in August to over 71,000 units registered year to date amidst the increased volume of diesel scrappage schemes being announced.

Given the substantial decline in diesel registrations, it is crucial that modern Euro 6 diesel cars are not compared to older diesel vehicles. NFDA and its members are working hard to clarify the facts surrounding the whole diesel issue and help consumers find the car best suited to their needs.

It will be interesting to see what the September plate-change month has in store, although we are anticipating a stable final quarter of the year for franchised dealers.

 

Posted by Sue Robinson on 08/09/2017