Registrations
New car demand falls in January, in line with industry expectations
4 Feb 2011
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- New car registrations fell by 11.5% to 128,811 units in January.
- The decline was on par with 91ÖÆƬ³§¹ÙÍø’s forecast and, in part, reflects the loss of the Scrappage Incentive Scheme (SIS).
- The market share for cars with CO2 emissions under 100g/km continues to increase, rising by over 65% in January.
- Average new car CO2 emissions were 141.5g/km in January, compared with an average of 144.2g/km in 2010.
“New car registrations fell by 11.5% in January. This is in line with SMMTforecasts and marks the beginning of a challenging year for the UK motor industry,” said Paul Everitt, SMMTChief Executive. “Consumer confidence is low and it is important that government uses the March Budget to help relieve some of the financial pressure on motorists by freezing fuel duty, while providing stability and certainty on motoring taxes. Despite the challenging conditions, the demand for low CO2 emitting and highly fuel efficient cars continues to grow.”
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