LSE: 777.60 GBP -5.40 (-0.69%)
Menu
Close
05 April 22 Press releases

New car registrations | March 2022

 

Ian Plummer, Auto Trader's Commercial Director comments on the latest new car registrations from the Society of Motor Manufacturer and Traders (SMMT)

 


 

The figures show dealerships enjoying healthy demand for new cars, although the industry’s lingering supply chain issues mean the traditional March rush for new registration plates has been flattened out by continued stock shortages.

Key spokesperson

Ian Plummer

Commercial Director

CONNECT

 

“Encouragingly sales of electric vehicles (EVs) have doubled compared to last year, but we should also bear in mind the lack of available new car stocks means these figures reflect orders often made several months ago. There was already massive growth in this segment and, if anything, the demand for EVs is now even stronger as prices at the pumps rise on the back of the Ukraine crisis. Our own marketplace data shows a bigger share of would-be drivers considering EVs since the war began as the resulting rocketing fuel prices make electric cars a more attractive option, despite the upfront price premium.

“At the current rate, sales of new EVs will overtake both traditional petrol and diesel sales by 2025. But ministers need to make sure we can accommodate that predicted growth. The government's recent plan on charging infrastructure set out ambitions for a ten-fold increase in charging points, which is just the kind of commitment we need to reassure buyers thinking about making a purchase. It would also be good to see a mixture of other incentives offered to consumers, perhaps tax exemptions, free parking zones or exclusive road lane access to make the transition an easier one.”

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.