Following a positive increase in new car registrations during July, sales have fallen once again in August, according to figures from the Society of Motor Manufacturers and Traders (SMMT),
Last month 87,226 new cars were registered – down 6% on the same period in 2019 when 92,573 were put onto UK roads. Noticeable drops in fleet and business registrations are thought to be behind the fall, but as August is traditionally one of the quietest months for new car registrations, experts aren’t too worried.
James Fairclough, CEO of AA Cars, said: “July’s year-on-year increase in sales gave the industry a welcome shot of optimism, so it is disappointing that the upward trend didn’t continue into August.
“However, this drop in registrations shouldn’t cause too much alarm as September is traditionally one of the busiest in the calendar – with the market given a boost as new registration plates are introduced and dealers work hard to hit quarterly targets.
“September’s figures will give a more complete picture of how the new car market performed in the third quarter of the year, and may provide an insight into what we can expect for the remainder of 2020 too.”
Despite the drop in registrations, electrified vehicles continue to remain popular – with hybrids (up 38.2%), plug-in hybrids (up 221%) and EVs (up 77%) showing the demand is only increasing for these models.
The Ford Fiesta, Volkswagen Golf and Ford Focus were the three most popular cars during August, while firms such as MG, Renault and Skoda all recorded a big increase in registrations compared to the same period last year.