New UK automobile registrations fell -20.6% to 124,394 models within the second weakest Could since 1992, after the 2020 pandemic-hit market, as provide shortages continued to hamper new purchases and the fulfilment of current orders, based on the most recent figures from the Society of Motor Producers and Merchants (SMMT). The decline, in contrast with the primary full month of reopened showrooms in Could final 12 months, demonstrates the influence of continued world provide chain disruptions, with the market -32.3% beneath the 2019 pre-pandemic degree regardless of robust order books.
Whereas personal shopper purchases fell -10.3%, their market share elevated year-on-year by 6.1 share factors to 53.2%, partly resulting from producers striving to fulfil deliveries – significantly of electrical autos – to personal consumers, with the commensurate impact on the enterprise and enormous fleet sectors, which now comprise 46.8% of the market.
Regardless of the myriad challenges affecting the business and a excessive degree of market distortion resulting from restricted provide of all car sorts and applied sciences, producers have labored exhausting to maintain progress in the direction of the decarbonisation of street transport and the supply of UK’s bold web zero targets. Could noticed registrations of battery electrical autos (BEVs) rise by 17.7%, representing one in eight new automobiles becoming a member of the street final month. Plug-in hybrids declined -25.5%, whereas hybrids have been up 12.0%, which means deliveries of electrified autos accounted for 3 in 10 new automobiles.
Superminis continued to be probably the most sought-after phase by British motorists, making up 32.7% of registrations within the month, regardless of their registrations falling -16.4% to 40,667 models, adopted by twin function, which accounted for 28.9% of the market even after a -14.1% fall in volumes. The small quantity luxurious automobile phase was the one space of development, up 16.8%, to 369 models.
The availability chain problem has contributed to an general market decline within the 12 months up to now of -8.7%, equal to 62,724 fewer models. That is -40.6% beneath the five-year common recorded from January to Could, as the brand new automobile market continues to battle to emerge from the influence of the pandemic.
Mike Hawes, SMMT Chief Govt, stated, “In one more difficult month for the brand new automobile market, the business continues to battle ongoing world elements shortages, with rising battery electrical car uptake one of many few vivid spots. To proceed this momentum and drive a sturdy mass marketplace for these autos, we have to guarantee each purchaser has the arrogance to go electrical. This requires an acceleration within the rollout of accessible charging infrastructure to match the growing variety of plug-in autos, in addition to incentives for the acquisition of recent, cleaner and greener automobiles.
“Delivering on Web Zero means renewing the autos on our roads at tempo however, with rising inflation and a squeeze on family incomes, this will probably be more and more tough except companies and personal consumers have the arrogance and encouragement to take action.”