New car registrations in the UK slumped 39.5 percent from a year earlier to 90,249 units in January 2021, as showrooms across the country remained shut, leading to the worst start to the year since 1970. Demand remained depressed for both private buyers (-38.5 percent) and large fleets (-39.7 percent). Declines were also recorded in both petrol and diesel cars registrations, which fell by 62.1 percent and 50.6 percent respectively. On a positive, however, battery electric vehicle (BEV) uptake grew by 54.4 percent to take 6.9 percent of the market. The SMMT has downgraded its forecast for 2021, saying it expects less than 1.9 million cars to be registered this year, compared with more than 2 million previously estimated, given the more severe negative impact on first quarter performance and March in particular. source: The Society of Motor Manufacturers and Traders Limited (SMMT)
Car Registrations in the United Kingdom averaged 153930.56 from 1962 until 2021, reaching an all time high of 562337 in March of 2017 and a record low of 4321 in April of 2020. This page provides the latest reported value for - United Kingdom Car Registrations - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Car Registrations - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Car Registrations in the United Kingdom is expected to be 264000.00 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 136000.00 in 12 months time. In the long-term, the United Kingdom Car Registrations is projected to trend around 169000.00 in 2022, according to our econometric models.