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.”

With panic buying of petrol and diesel gripping the nation, we've seen a spike in interest in electric vehicles with advert views and leads for new electric vehicles on our platform hitting record levels over the weekend. #fuelcrisis #fuelshortages #ElectricVehicles https://t.co/EOX4SEDGCD
This week we rolled out the final stage of our admin fees plan, including any admin fees in the total price of the vehicle. So it's only fitting that this week's tip of the week is all about admin fees and what you can do to ensure your pricing is as transparent as possible. https://t.co/KThAVdSAon
The 2015 @KiaUK Sorento has been revealed as the UK’s current fastest selling used car taking an average of just 17 days to sell right now. https://t.co/X3WTnoOQdE
The number of buyers considering buying their car online continues to grow, with our latest buyer survey indicating that 63% are now willing to buy a used car online when presented with a scenario. https://t.co/FTxnM4ccPO
We're working with the @RMI_NFDA and ICDP to understand how dealers have adopted more digital retailing practices and we need to hear from you! Take the survey now to get a free personalised benchmark report👉https://t.co/qjQqIdVWFt https://t.co/eUiwMtm8E6
As of today, admin fees will be included in the total advertised price of the vehicle on Auto Trader. https://t.co/zy5qYuzEqp
The popularity of electric vehicles on our marketplace continues to grow with almost 1 in 5 consumers looking for a new car on our marketplace now considering an electric car. https://t.co/o6fHAjgL1y
In our next Courageous Conversations webinars, we'll be will be discussing whether the automotive industry is a safe space for the LGBT+ community along @forduk, @UKVolkswagen and @stonewalluk. Register now to join the conversation 👉https://t.co/p3ID7BHI3O https://t.co/FvNNTIhCEm
The latest @SMMT figures show a drop in new car transactions of 22% in August. But despite this, @IanJPlummer believes there are still reasons to be confident and that there is now a huge opportunity for the used car market. https://t.co/M0YmHKH2VA
In our next webinar, we’ll be looking at how this month’s plate change is impacting the market. Are we seeing an influx of buyer’s part-exchanging for a brand-new car and will it ease pressure on stock in the market? Register now find out 👉https://t.co/Oi8hLyTaTg https://t.co/Jjx116svPd

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