Press release

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.

“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.”

We're excited to announce that, as of 1st July, we'll be powering the used car pages on @whatcar and its sister site, @autocar. https://t.co/H4GJLafkh7
We're excited to announce that, as of 1st July, we'll be powering the used car pages on @whatcar and its sister site, @autocar. https://t.co/H4GJLafkh7
What are the three big barriers to electric vehicle adoption and how can we as an industry help to overcome them? Find out in the latest edition of The Road to 2030 report 👉https://t.co/ho4cNqeUsQ https://t.co/qlA2IX6EiF
Are you getting the basics right? Find out in this week's tip of the week where @AndrewKorpela highlights the need to maintain your digital best practises. https://t.co/Rkm0nKu19B
One of the most recent entrants to the EV market, the @CUPRA Born, is currently seeing the most advert views of any new EV on our marketplace. With a new EV model set to enter the market every 10 days this year, what model do you think we'll see make the list? https://t.co/nOcF7YguLg
We've been working with manufacturers to get you access to the specification profile for each car and we're excited to announce that this is now available to retailers, helping you to make creating high-quality adverts easier than ever. Find out more 👇 https://t.co/lv2kLf4E77
After a slight technical glitch @therickw is live and sharing our latest market data. Demand has seen a decline but used car prices remain robust. https://t.co/lSNLB6rLrg
Over now to @MarcThornboroug who asks "is it time to reset your goals"? Last year's performance was incredibly strong across the market, being very much a seller's market. But in recent weeks we have seen it start to shift towards a buyers market. https://t.co/BVEiBdl9Dy
We're kicking off today's webinar with @marc_palmer. Right now the economy is the top issue for many people with the cost of living crisis in full swing and the spectre of a recession looming. But what does this mean for car sales? Read the thread to find out 👇 https://t.co/ZMErCURxJU

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