new car registrations... the market is there5 Oct 2022 11:48
"New car registrations in the UK were up 4.6% year-on-year to 225,269 units in September of 2022, following a 1.2% rise in August. September is typically the second biggest month of the year for the auto sector, and last year, it had its worst performance since 1998. Registrations for battery electric vehicles surged by 16.5% but overall plug-in vehicles fell by 11.5%. On the positive side, plug-in vehicles accounted for more than one in five new cars joining UK roads. Still, overall registrations are 34.4% below pre-pandemic levels as the industry continues to battle supply issues to fulfill a backlog of orders. " Tradingeconomics