The uncertainty surrounding the future of diesel cars has heavily contributed to a 20% drop in diesel registrations from May last year. Total new car registrations have dropped for the second month in a row, this time by 8.5%, with the general election and April’s introduction of the higher VED rates affecting the market.
May 2017 saw 186,265 new cars registered, an 8.5% decline on the same period a year ago This year has now seen an 0.6% decline in total registrations compared to 12 months ago, wiping out the promising start to the year. Alternative fuel cars are enjoying a 27.2% increase in sales, with Society of Motor Manufacturers and Traders claiming that almost 50,000 alternative fuel vehicles have hit our roads so far this year. Diesel has dropped 8.8% for 2017 so far and petrol risen 5.8%.
SMMT Chief Executive, Mike Hawes said: “We expected demand in the new car market to remain negative in May due to the pull-forward to March – which was an all-time record month – resulting from VED reform. Added to this, the general election was always likely to give many pause for thought and affect purchasing patterns in the short term. Although demand has fallen, it’s important to remember that the market remains at a very high level and, with a raft of new models packed with the latest low emission and connected technology coming to market this summer, we expect the market to remain strong over the year.”
The Ford Fiesta continues it’s reign as the best selling car in the UK, with it’s big brother the Focus in second.
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