Press release

SMMT New Car Registrations | October 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)

“Consumer confidence in the economy fell to its joint-lowest point in six years last month and historically, there’s always been a clear correlation between the two given the value of the purchase. This is particularly true for retail consumers and it’s also where we’ve seen the biggest decline in October.

“Brexit is the driving force of this lack in confidence, with continued uncertainty around our exit from the EU. The upcoming General Election will continue to cause further uncertainty around consumer purchase intentions. There are at least benefits to it taking place in December though with it being a traditionally slow month for new car sales. Once we have a clearer understanding of what our exit from the EU looks like we should start to see consumer confidence improve and with it more stable new car sales. 

“There are, however, some positive sub plots beneath the headlines that we should also take into consideration too of course. Transactions of EVs [electric vehicles] are up over 150% as more consumers move to zero emission vehicles. The popularity of SUVs is ever increasing too – it’s now quite clearly becoming the most popular body type in terms of new car registrations due to the sheer range and variety of new models on sale today. Premium brands also continue to do better in resisting the negative trend, with sales numbers remaining almost flat compared to last year .”

Auto Trader Highly Rated Awards are back for 2021. Read our latest blog to find out what you need to do to be Highly Rated this year.https://t.co/VAV3GC4u9E
With forecourts across the UK now open, our Data & Insight Director @therickw looks at buyer interactions with adverts on our platforms and how buyer behaviour is changing as forecourts reopen. https://t.co/Zp4A1iMpZR
From the 4th May we have a few changes coming to all of our packages on Auto Trader. https://t.co/z8x6kmM216
A few pointers from @chrispenny222 on how time can be saved through efficiencies in certain areas, allowing you to focus on areas that will improve your buyer's experience and generating more sales. https://t.co/ZFllNoZLZh
March was a record month for our marketplace, with an average of 2.2million visits to our site each day last month. https://t.co/qmKwKTzaYk
Our Data & Insight Director @therickw is on hand to share our latest audience update. Visits to our marketplace were up 102.2% compared to the same period in 2020 and up 35.4% when compared to normal trading conditions on 2019. https://t.co/yZRfUBTOYE
Less than 15 minutes until today's webinar. Register now to watch live or stay tuned right here for the highlights over the next hour > https://t.co/0UKfdpMNro https://t.co/Q6DtumZKVq
Join our next Courageous Conversations where our panel will be exploring political correctness, and what is PC when it comes to language surrounding people from marginalised backgrounds. Register now > https://t.co/pWiuFR0Fob https://t.co/oD6kohVaBf
Right now it's the @Tesla Model 3 that is drawing the most attention from prospective EV buyers on our platform, having the highest volume of advert views of any EV on our platform in the last month. https://t.co/lcXkrBXhPu
As the last of UK forecourts re-open today, we wish you and your business every success as we take our first step forward beyond the pandemic, together. https://t.co/XmKikgktFO

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

Keep in touch

We use social media to speak to the UK’s largest car buying audience