Sales of new cars in 2022 fell by two per cent, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT).
The Society of Motor Manufacturers and Traders (SMMT) has revised its new car sales prediction for the year down 2.2 per cent.
New car registrations increased by 4.6 per cent in September, but remain 34.4% per cent behind the pre-pandemic average.
New car sales in the UK increased by 1.2 per cent last month (August 2022) as the market stabilised after five straight months of decline.
UK new car registrations fell nine per cent in July as supply chain shortage continues to impact order fulfilment.
UK new car registrations suffered their worst June since 1996 with a 24.3 per cent drop as supply problems continue.
The Government has scrapped the plug-in car grant which means the cost of many electric cars will rise. Instead it claims the money will be used to improve the UK's charging infrastructure.
May’s new car sales slumped by a fifth year on year to 124,394 units - the second weakest May in 30 years.
The SMMT has revised its 2022 new car market forecast down from 1.89 million units to 1.72m as parts shortages continue to impact supply.
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The ongoing semiconductor shortage and cost of living crisis hit the new car market hard in March with sales falling by 14.3 per cent to 243,479 units - the weakest March in 24 years.
Some of Britain’s most popular new cars are now 26 per cent more expensive than in 2019.
