Press release

SMMT new car registrations | November 2019

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

“New car registration figures for November don’t come as a huge surprise; it’s a continuation of the trend that we’ve seen in recent months, but it does highlight the significant challenges facing the UK car retail market. 

“Manufacturers are coming up against unprecedented cost hurdles as they take the journey towards the electrification of their fleet and also fight to hit the stringent new CO2 emissions regulations next year. Some of the biggest industry stalwarts have recently announced job losses as they look to refocus their businesses to deal with these issues. Compounding that, issues caused by Brexit continue to hinder the industry too; the unsteady value of the pound, consumer uncertainty and the ambiguity around future trading regulations only serve to amplify the enormous pressure manufacturers are under. And in the short term, both the manufacturers and their franchised retailers, still have ambitious targets to meet to reach despite these wider economic challenges.

“Brexit, and now the election, is also further dampening consumer buying confidence, making it ever-harder to sell cars. Moving into December, manufacturers and retailers will be pushing hard to try and encourage consumers to buy so that they can reach vital year-end targets, to close out what has certainly been a challenging 2019 for brands, retailers and consumers alike. So it’s imperative that whoever is in power after the general election moves things forward quickly offering clarity to both consumers and industry alike, and some much needed stability.

“While the new car registrations reflect a challenging time for manufacturers and retailers, the positive story is the increasing uptake in electric vehicles. Growth in EVs - both new and used - is gaining pace and as more consumers buy these cars we are closing the gap on the Road to Zero. Consumer demand is certainly there – buyers want to make the move towards cleaner cars. Although the biggest challenge we face seems much more linked to supply-side factors, it feels as is if we’re not far from a tipping point where different model choices are broader, availability of EVs for delivery is far quicker, and charging infrastructure is readily available.”

According to our latest pricing snapshot, the strong growth in used car prices has continued into September. The average cost of a used car grew 7.4% YoY last week, marking 19 weeks of consecutive growth. Read the results in full here: https://t.co/TX88xlBOpU https://t.co/xEszb3JolF
In our latest blog post - we speak with Rob Keenan, joint MD at @DriveVauxhall about how the last 6 months have been for the franchise group and what lessons they have learnt that they have implemented through the 70’s plate change. https://t.co/FJefiRvQrU
A perfect review score isn’t everything. Most buyers trust reviews more when they can see a mix of reviews along with how the retailer handled the customers feedback. Which begs the question, how much emphasis do you place on reviews and are you responding to each one? https://t.co/0OFqGVrEJb
Sourcing stock is one of the main challenges retailers face right now. That’s why it’s critical to be diversifying your stock profile – something that has been key to @DriveVauxhall managing to keep stock flow at normal levels through these challenging times! #atinsightoftheday https://t.co/CWBIOeCKDp
Be sure to register for our next webinar where Nathan Coe, CEO, Auto Trader will be speaking with @MarshallMotorGp. This is not one to be missed so register now - https://t.co/lWu984OeRI https://t.co/fnnG3OgNWM
Now it's over to @chrispenny222 who has announced he has man flu (not covid)! He's also hear to announce our new masterclass programme... https://t.co/NPyRXsRxWV
Huge thanks to Rob and @DriveVauxhall for joining our #webinar today. We'll be sharing the interview on our blog tomorrow so stay tuned!
Over to our interview with Robert Keenan, Managing Director of @DriveVauxhall - we've been looking forward to this one! https://t.co/OzSEigKg2J
Over to @MarcThornboroug for a few key updates! https://t.co/guf1A9dX1n
On to pricing now where we're seeing petrol and diesel prices up by 8% with #alternativefuel vehicles seeing a slight decline in prices.

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