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NEW CAR MARKET DECLINES FURTHER IN OCTOBERBack

New car registrations declined by -12.2% in October to 158,192 units. Year to date, the market is now -4.6% down on last year with a total of 2,224,603 million cars registered. Sales of AFVs grew by 36.9%, petrol rose 2.7%, while diesel declined by -29.9%.

Despite the October new car market declining by -12.2%, the Alternative Fuel Vehicle segment continued to grow substantially. Although the continuous increase in alternative fuel vehicles’ sales is encouraging, in the short and medium term, they will not fully replace petrol and diesel cars.

The significant decline in sales of diesel vehicles shows that consumers have been affected by current media and Government coverage. Modern Euro 6 diesel cars cannot be compared to older diesel models. Going forward, we must ensure that consumers have the accurate facts and information to be able to choose the car best suited to their needs.

Consumer footfall is stable, with a particular interest in the used car market which remains at high levels. It is crucial that consumers continue to receive support and the Government must send clear messages about its future plans.

While the majority of forecasts for 2018 and 2019 have recently been revised, this year’s performance remains in line with initial predictions of a -5% decline.

 

Posted by Sue Robinson on 10/11/2017