Press release

October 2018 New Car Registrations

Will AFV adoption be fast enough to offset the decline in diesel? 

"Car manufacturers may choose not to market the new generation of electric vehicles in the UK if the Government continues to put up barriers." So says Ian Plummer, director of Auto Trader. Plummer was speaking as October’s new car sales figures show the fall-out from the new Worldwide Harmonised Light Vehicles Test Procedure (WLTP) hasn’t been limited to September.

“Reducing the OLEV grant is a big step-backwards and will create a major barrier to entry,” he said. “It’s frustrating that this much needed lifeline for the industry is being undermined by the government’s relentless efforts to stigmatise traditional fuel types rather than offering a clear and compelling narrative to switch to electric.

“The reality is, the growing array of exciting new electric vehicles simply won’t come to the UK if consumers have a reduced incentive to buy them, and not only will that harm the market, but the government’s road to zero ambitions too.

“Despite the slowdown there is still expectation that the back end of this year will be stronger than the typical run up to Christmas. As production gets back up to full-swing, and new cars start filtering through, there’ll be a good opportunity for retailers to fulfil their delayed customer orders. However, we’ve seen an increase in nearly new ad views over the last two months, suggesting many consumers have grown impatient waiting, opting instead for a similar used model, which will make it a very tense close to 2018 for new car sales.  

“Undoubtedly, it’s been a challenging year for the market, however it remains buoyant thanks largely to two bright spots: the continuing growth in popularity of SUVs and the growing appetite for alternatively fuelled vehicles (AFVs). 4x4s are consistently within the top three body types searched for on our marketplace and they’ve topped the list as the fastest selling used car more often than any other type in 2018. And at a time when sales of new AFVs are seeing unprecedented growth we’re seeing record levels of popularity on Auto Trader. Not only are they the only fuel type to record an increase in consumer searches last month, but in July a Renault Zoe topped the list as the UK's fastest selling used car, which was a first for an all-electric vehicle. Just think what levels of adoption we'd see if the government offered clear incentives for these models.”

Next week we'll be publishing the next (the eighth!) edition of our biannual Auto Trader Market Report. This time we're exploring the 'future of car retailing' and the exciting opportunities for retailers and manufacturers. Keep your eyes peeled for more details! https://t.co/AA1JR2bgE1
We loved this article by our friends at @ennisandco about the level of ageism that remains in the auto industry. Rejecting a candidate due to gender race or religion would be unthinkable; evidence suggests it's still common for age. Definitely worth a read https://t.co/tzSqie2yna
Thank you to everyone that joined us in #Edinburgh earlier this week. For those in the Exeter and southwest area, don't miss our next free AT Masterclass at @SandyParkExeter Register your free place here: https://t.co/6JuzGMJlhF https://t.co/VAkQW9dGOf
Following yesterday's talk by Nathan Coe, this morning our commercial director @IanJPlummer spoke to another full audience at this year's excellent #AutosBuzz conference. During his talk Ian discussed the need and value of greater transparency in the #automotive industry https://t.co/xMGGR7WqBl
This morning our CFO & CEO designate, Nathan Coe took to the stage at #AutosBuzz 2019 to discuss the evolution of auto marketplaces & the opportunity they present in the future of digital automotive retailing. https://t.co/sooGm6NxIi
The latest data from our Fastest Selling Index revealed the 2016 @SEATUK Alhambra (diesel auto) has retained its position as the UK's current fastest selling used car. With MPVs & 4x4s dominating is the school run influencing purchase decisions? Read more https://t.co/am3Fvn9PAe https://t.co/ozWuuvzHmE
We're excited to be speaking at #AutosBuzz 2019 - the first conference in the world dedicated to innovations in #automotive #advertising & #technology. We're looking forward to hearing about the latest trends impacting the industry & sharing our own unique experience & insight. https://t.co/XUTdFw7Q0i
We recently changed our sort order to make the search results more relevant to car buyers. Find out how you can benefit by catching up on our recent ‘Changes to search’ webinar - our most popular to date. Catch up now: https://t.co/BtAwaacVks https://t.co/J5g9ilh8dN
Congratulations to the team at @JCT600 for completing its @MitsubishiUK site at 99 Sticker Lane, Bradford. The new design looks fantastic! Read all about the new development here: https://t.co/oejAc1FnUl https://t.co/7ds3gxMcD6
If you're in the Edinburgh area, don't miss the opportunity to attend a free AT Masterclass on 17th September. We'll share the latest insights & best practice advice from the UK's most successful retailers. To secure your free place, just visit: https://t.co/Py7dN4YVzv https://t.co/HOjBJl1CP8

Auto Trader Group plc
Registered in England (Company number: 09439967)

Auto Trader Limited
Registered in England and Wales (Company number: 03909628)

Registered address:

1 Tony Wilson Place
Manchester
M15 4FN
VAT number: GB 614 8918 20

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