SMMT figures also show that plug-in hybrid registrations were down by more than 40% in May.
A Government survey shows almost half of drivers (48%) are likely to opt for an ultra-low emission vehicle (ULEV) to replace their current car.
The UK’s used car market was stable in the first quarter, down just 0.6%, according to new figures released today by the Society of Motor Manufacturers and Traders (SMMT).
Overall, the alternative fuel vehicle market rose by 12.7% in April, but zero emission-capable plug-in hybrids fell by 34%, says the SMMT.
A ‘no deal’ Brexit may have been avoided for now, but uncertainty over the UK’s future relationship with the EU is taking its toll on the car industry.
Sector still in limbo as fleets struggle to advise drivers on options
The UK’s departure from the EU must be orderly, with a deal that supports both the industry and technological collaboration, especially in data, says the SMMT.
UK new car registrations declined by 3.4% last month, with fleet and business registrations falling by 3.9%, as political and economic uncertainty and continuing confusion over diesel affected demand.
The car industry is urging MPs to remove the prospect of a ‘no deal’ Brexit today (Wednesday, March 13) after the Government lost its latest vote.
Fleets are being warned they could face price increases and longer lead times for vehicles and spare parts, if the UK leaves the EU without a deal.
Overall, the UK’s new car market enjoyed marginal growth in February, up 1.4% following five straight months of decline,
Fleet and business registrations in January were almost 5% (4.88%) lower than in the same month last year, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
True fleet sales were down by 7.2% in 2018, slightly ahead of the 6.8% overall decline in the new car market.
Carmakers jostle with start-ups for control of next-generation mobility
Pace of growth of plug-in registrations in the UK is half the EU average.
UK car production fell 9.1% to 1.52m units in 2018, while fresh investment halved, with two thirds of UK’s global car trade at risk from a ‘no deal’ Brexit.
Skoda UK has announced a successful 2018 for its fleet division – maintaining a 3.5% market share and increasing true fleet registrations to 3.9%.
Grey cars became the most popular in 2018, overtaking black as the UK’s favourite new car colour.
The fleet and leasing industry faces further uncertainty after MPs voted down Theresa May’s Brexit deal.
Fleet sales were down more than 7% last year, as the new car market suffered its worst performance in five years.
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