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Motorists drive up automotive gross sales by 14% in October

Motorists drive up automotive gross sales by 14% in October

The variety of automotive gross sales rose by 14.3% in October in comparison with final yr, in response to information from the Society of Motor Producers and Merchants (SMMT).

Final month noticed 153,529 new vehicles registered, with electrical autos accounting for a 3rd (37%) of each new registration.

October noticed automotive gross sales shoot as much as its highest quantity in the course of the month since 2018 and seven.2% greater than in 2019.

The fifteenth consecutive month of progress within the trade was attributed to massive fleet registrations, which grew 28.8% to achieve 87,479 items.

Regardless of solely marginally growing their general share of autos on the highway, the variety of battery electrical autos (BEVs) gross sales grew for the forty second consecutive month.

At the moment, BEVs make up 15.6% of all new automotive registrations – a small rise from 14.8% in 2022.

Drivers but to go full velocity on electrical car purchases

Since final yr there have been an growth of the ultra-low emission zones (ULEZ) areas in London, which may have led to an even bigger improve in gross sales.

Nonetheless, the Authorities’s resolution to push again the ban on petrol and diesel car gross sales from 2030 to 2035 means motorists could also be much less inclined to go greener now. That is mirrored within the new market outlook which sees one other yr of progress within the automotive trade, however with BEV uptake expectations downgraded barely.

In September, because of a brand new ‘73’ registration plate, gross sales for vehicles in the course of the month soared to 272,610 however BEV purchasese haven’t matched these heights.

Mark Oakley, director of AA Automobiles, mentioned: “September’s bounce in gross sales – which got here as drivers snapped up autos with the coveted, model new 73 plates – was no flash within the pan.

“Right this moment’s October information confirms that new automotive gross sales have risen for an unbelievable 15 months in a row, and demonstrates the resilience and adaptableness of the automotive trade.

“The provision points which beforehand plagued dealerships proceed to ease as a wave of recent fashions hits forecourts. The UK’s automotive manufacturing revved up by a powerful 39.8% in September in comparison with the identical month final yr, hitting its highest degree of 2023 to this point.

“Whereas EVs are costlier than comparable petrol or diesel fashions, every month additionally sees hundreds of second-hand and nearly-new EVs and hybrids make their method into the used market – which affords a extra inexpensive choice for potential patrons.

“Time will inform if the federal government’s resolution to delay the ban on the sale of recent petrol and diesel vehicles to 2035 will put a velocity bump on the highway to wider EV adoption. Total although, right this moment’s numbers are a triumph for the motor trade, and sign sellers’ success at serving to patrons make huge ticket purchases even in opposition to the difficult financial backdrop.”

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