New automotive market information longest interval of progress since 2015
T
he new automotive market has recorded its longest interval of year-on-year progress since 2015, figures present.
Some 145,204 new vehicles have been registered in May, up 16.7% from the identical month final yr, the Society of Motor Manufacturers and Traders (SMMT) stated.
May was the tenth consecutive month-to-month rise, however registrations stay 21% down on the pre-coronavirus ranges of 2019.
Pure electrical new vehicles consolidated their place because the UK’s second hottest powertrain behind petrol.
An additional 24,513 went on the street final month, up 58.7% on May 2022 to safe a 16.9% market share.
To unlock mass adoption of EVs, we have to give attention to the segments of society being left behind within the electrical transition
SMMT chief govt Mike Hawes stated: “After the difficult, Covid-constrained supply issues of the last few years, it’s good to see the new car market maintain its upward trend and the fact that growth is increasingly green growth is hugely encouraging.
“Transforming the market nationwide, however, and at an even greater pace means we must increase demand and help any reticent driver overcome any concerns about electric vehicles.
“This will require every stakeholder – industry, government, chargepoint operators and energy companies – to play their part, accelerating investment to drive decarbonisation.”
Ian Plummer, industrial director at on-line automobile market Auto Trader, stated: “It’s great to see another month of solid sales but the continued strength of the new car market will soon depend on substantial order growth in the electric segment.
“Sales of electric vehicles (EVs) are moving in the right direction but we need to see sustained momentum. Less than 10% of new car inquiries are for EVs on Auto Trader currently.
“To unlock mass adoption of EVs, we need to focus on the segments of society being left behind in the electric transition.
“Our research shows that just one fifth of women are considering an EV, opposed to a third of men.
“Women are seeing less information about EVs and not engaging with current selling points.
“In order to reach the Government’s 2030 goal, the focus needs to be on converting the masses and making EVs more accessible across different demographics.”
Sales of recent petrol and diesel vehicles will likely be banned within the UK from 2030.