UK new car registrations shrank 4.1 percent from a year earlier to 157,198 units in July 2019, the fifth consecutive month of decrease. It was also the lowest figure for a July month since 2012, amid political and economic uncertainty as well as consumers' uncertainty about future environmental regulation. By segments, sales of plug-in hybrid electric vehicles continued their recent decline, down 49.6 percent; and those of diesel vehicles fell for the 28th month, down 22.1 percent. In contrast, demand for battery electric vehicles grew strongly by 158.1 percent, resulting in a 1.4 percent market share, the highest monthly market share on record. Also, hybrid electric cars increased by a notable 34.2 percent. Year-to-date, sales of new car sales went down 3.5 percent to 1.43 million units. Car Registrations in the United Kingdom averaged 154168.97 from 1962 until 2019, 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 362000.00 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 246000.00 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.