New car sales declined by -44.4% in March with a total of 254,684 units. Year to date, the market is down -31.0%.
In March, registrations of petrol cars declined -49.9%, diesel -61.9%, whilst battery electric vehicles continued to experience significant growth, up 197.4% and plug-in hybrids rose 38.0%.
The majority of franchised dealerships’ showrooms were closed for a week or longer in the second half of March which is when a large percentage of new cars are registered. As a result, the decline in new car sales does not come as a surprise.
The ongoing COVID-19 pandemic resulted in the new car market falling -44.4% in March. During these challenging times, it is crucial that the Government continues to support businesses in the automotive sector, one that employs over 590,000 people and is a key contributor to the UK economy
NFDA is working closely with franchised retailers and industry partners to mitigate the effect of COVID-19 through lobbying the Government for support on issues such as the inclusion of commissions in the Job Retention Scheme, workshop opening for key workers, MOT exemption and FCA fees for motor retailers.
Franchised retailers continue to work hard to assess the issues currently affecting them as they continue to prioritise the health of their staff and customers.
We remain hopeful that the market will recover and franchised retailers will be able to continue their support for consumers on their vehicle purchasing and servicing needs.