Over 2 million registrations so far in 2016 as 66-plate drives new car market

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  • 469,696 new cars registered in plate-change September – a steady rise of 1.6% and the highest September on record.
  • Increased demand for diesels and alternatively fuelled vehicles, up 2.8% and 32.6% respectively.
  • Year-to-date total registrations grow 2.6%, with more than 2 million units registered so far this year.

The UK new car market remained steady in September, rising 1.6%, according to data published by the Society of Motor Manufacturers and Traders. 469,696 cars were registered, as buyers purchased the new 66-plate.

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The performance marks the highest September on record, while the total number of cars registered so far this year also grew to  2,150,495 units – up 2.6% compared with the same period last year. It is only the second time that the two million mark has been passed in September since 2004.1

Fleet registrations continued to drive growth, up 7.3%, while registrations to private motorists experienced a small decline, down -1.7% to 223,844 units in the month. Meanwhile, diesel registrations rose 2.8% as petrols declined
-1.1%. Alternatively fuelled vehicles continued to outpace the market, up 32.6% against the same month last year with a market share of 3.4%.

Mike Hawes, SMMT Chief Executive, said,

September is always one of the biggest months for Britain’s new car market. The new 66-plate, combined with a diverse range of exciting new models featuring the latest technology, has certainly helped draw buyers into showrooms and many are taking full advantage of the attractive deals and low interest financing options on offer. Business and consumers place September orders many months in advance, so the ability of the market to maintain this record level of demand will depend on the ability of government to overcome political uncertainty and safeguard the conditions that underpin consumer appetite.

 

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  1.  September 2015 recorded 2,096,886 units registered, the first time the 2 million mark was passed in September since 2004.

Source: SMMT

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About Tim Cosgrove

Tim Cosgrove heads two technology companies Co-Star and Cloud-Star who supply 4G LTE connectivuty products to the ICT industry globally and are based at Harrogate in the UK. Working at the forefront of the mobile communications industry gives Tim a unique perspective on the latest emerging technologies that help to improve how businesses and people communicate and operate in the future. Tim is keen to share his insights and passion for the latest technologies through the Co-star blog. Please get in touch if you have any technology related news or press releases that you would like us to share.