“Whilst August is typically a quiet month for franchised dealers, approaching the all-important plate change month acting as a catalyst to drive registration figures, the market has instead grown,” said Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle dealers in the UK, commenting on the latest SMMT’s new passenger car registration figures.

Today’s figures showed August new car registration figures were up 1.2% compared to this time last year, at a total of 68,858.

Petrol sales experienced a 7.5% growth, from 29,451 units to 31,652. Diesel was down -12.3%.

Encouraging signs came from the electric vehicle market: 10,006 battery electric vehicles (BEVs) were registered in August, an impressive 35.4% increase from this point last year. There have now been 137,498 BEVs registered to the road in 2022. Plug-in hybrid vehicles (PHEVs) and Hybrid electric vehicle (HEVs) registrations decreased, by -23.1% and -0.7% respectively.

Sue Robinson added: “Potentially inflation and rising energy costs could continue to impact consumer buying trends; This, coupled with on-going global supply constraints and semi-conductor shortages, has meant another month of low registration volumes, although moderate growth has been recorded.

“The increase in petrol and diesel prices which we have experienced the past few months has resulted in sustained growth for EV sales, as people turn to greener, cheaper alternative modes of transport. Consumers are encouraged to visit an Electric Vehicle Approved (EVA) dealer as they are best equipped to address this demand and provide a wide range of choice, price point, and knowledge for customers.”

ENDS

NOTES TO EDITORS

Adam Weeks, NFDA Communications Officer

Direct: 020 7307 3413

Mobile: 07384 514 978

Email: adam.weeks@rmif.co.uk