New car registrations in the UK declined 20.6% yoy to 124,394 units in May of 2022, the second weakest May since 1992, as supply shortages continued to hamper new purchases and the fulfilment of existing orders. The decline, compared with the first full month of reopened showrooms in May last year, demonstrates the impact of continued global supply chain disruptions, with the market 32.3% below the 2019 pre-pandemic level despite strong order books. While private consumer purchases fell 10.3%, their market share increased year-on-year by 6.1 percentage points to 53.2%, in part due to manufacturers striving to fulfil deliveries - particularly of electric vehicles - to private buyers. Registrations of battery electric vehicles (BEVs) rose by 17.7%, representing one in eight new cars joining the road last month. source: The Society of Motor Manufacturers and Traders Limited (SMMT)
Car Registrations in the United Kingdom averaged 153592.86 from 1962 until 2022, 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 June of 2022.
Car Registrations in the United Kingdom is expected to be 172000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Car Registrations is projected to trend around 110000.00 in 2023 and 112000.00 in 2024, according to our econometric models.