Uncertainty impacts new car market as decline in diesel registrations continues
The decline in diesel new car registrations continued in June, with the Society of Motor Manufacturers and Traders (SMMT) reporting a 28.2% fall compared to June 2017.
Year-to-date, the picture is even starker, with 613,985 diesel registrations in the first half of last year compared to 428,612 units this year – a 30.2% fall. Petrol and alternative fuel vehicles (AFVs) benefitted, up by 11.4% and 24.2% respectively.
Fleet and business registrations also show a decline. There were 140,251 fleet and business registrations last month, compared to 148,157 in June 2017 – a 5% fall.
Year-to-date, there have been 726,738 fleet and business registrations compared to 784,170 in the first six months of 2017 – a 7.5% fall.
Overall, year-on-year demand fell by 3.5%. Demand from larger fleets fell by 6.4%, but business buyers with fewer than 25 vehicles on their books returned to showrooms, registering an 11.3% uplift in demand after an 11-month long hiatus. Private demand was largely flat, down by 0.6%.
Smaller cars remained most popular, with Supermini and Lower Medium vehicles taking a combined 57.4% market share. However, Dual Purpose was the fastest growing segment, with demand up by some 16.4% – 6,710 more than in the same month last year. Dual Purpose, Executive (+4.3%) and Luxury Saloon (+1.3%) were the only segments to register growth in June.