LSE: 847.80 GBP 7.40 (0.88%)
Menu
Close
05 November 24 Press releases

Commentary | New car registrations October 2024

October new car sales are lagging, although electric vehicles are taking a bigger share of the market thanks to heavy discounting.

Key spokesperson

Ian Plummer

Commercial Director

CONNECT

"October new car sales are lagging, although electric vehicles are taking a bigger share of the market thanks to heavy discounting. The subdued petrol and diesel sales are also likely to be driven by the efforts of manufacturers to hit EV sales targets under the Zero Emissions Vehicles mandate.

Manufacturers are making significant efforts to bridge the price gap to electric – as shown by the average 12% electric discount on Auto Trader’s site in October - but the market is still not achieving the volumes needed. With the reinstated 2030 ban date on the sale of new petrol and diesels vehicles looming, we urgently need to make the positive case for EVs to ensure a broader healthy new car market."

Share:
Up next
Auto Trader data to power Office for National Statistics' official measures of inflation
Read More
Retailers embracing digital are reporting more sales, more efficiency and more satisfied customers
Read More
Auto Trader is first FTSE 100 to achieve Gold Carbon Literacy status
Read More

Stay up to date

Follow us on our social channels to keep up with the latest news, insights and company developments.

 

If you would like to be added to our News & views mailing list, or have any media-related enquiries, please contact our press team:

Auto Trader UK

Auto Trader Insight

Auto Trader Life

Other Group sites

Looking to join the team?

Careers

Looking to buy or sell a vehicle?

Consumers

Keep in touch

Sign up to our email alerts service:

RNS alerts

Join our news & views mailing list
or submit media-related enquiries:

Contact our press team
  • @2024 Auto Trader Group plc. Registered in England with company number: 09439967.