New car registrations in the UK fell 5.5 percent year-on-year to 144,089 units in December of 2018 amid a turbulent year of model changes, regulatory upheaval and continued anti-diesel policies, adding to the ongoing decline in consumer and business confidence. A 26.3 percent decline in diesel cars registrations was enough to offset increase for demand for petrol (7.2 percent) and alternatively fuelled vehicles (6.1 percent). While fleet and private registrations fell in turn by 7.9 percent and 3.8 percent, business sales rose 16.8 percent, though the latter makes up only 4.3 percent of the market. In 2018, new car sales slumped 6.8 percent year-on-year to 2.37 million units. Car Registrations in the United Kingdom averaged 153661.28 from 1962 until 2018, reaching an all time high of 562337 in March of 2017 and a record low of 33051 in July of 1992.
Car Registrations in the United Kingdom is expected to be 571000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Registrations in the United Kingdom to stand at 183000.00 in 12 months time. In the long-term, the United Kingdom Car Registrations is projected to trend around 196000.00 in 2020, according to our econometric models.