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04 May 23 Press releases

Auto Trader's Commercial Director, comments on April's new car registration figures

 

“Rising new car sales for a ninth month in a row represent a healthier economic picture than feared a few months back, which is good for the market, and consumer demand is strong with over 77 million visits to the Auto Trader platform last month alone. 

“But the softening of the SMMT’s forecasts on EV sales offers some cause for concern and underlines our recent call for measures needed to support the EV market, such as cutting VAT on public chargers. Hopefully ChargeUK’s new plans to invest £6bn in charging infrastructure will also help the cause of the transition to electric vehicles.

Ian added: “Although some industry voices might show concern over the potential impact of improved supply, there’s still plenty of slack in some of the channels that have been starved of supply in recent times, and we’re confident the majority will welcome a healthy mix of volume and margin, somewhere between the pre-Covid and post-Covid extremes.”

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