05 JANUARY 2023Supply chain shortages subdue new car market to 1.61m units in 2022 – a -2.0% fall on pandemic-afflicted 2021 – but UK reclaims position as Europe’s second biggest market.Battery electric vehicles secure best ever monthly market share and become Britain’s second most popular powertrain for the year.Rising registrations see market improvement in last five months with sector poised to deliver growth worth £8.4bn during 2023..The UK new car market recorded its fifth consecutive month of growth in December, with an 18.3% increase to reach 128,462 new registrations, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). This second half year performance was not enough, however, to offset the declines recorded during the first half of 2022. Despite underlying demand, pandemic-related global parts shortages saw overall registrations for the year fall -2.0% to 1.61 million, around 700,000 units below pre-Covid levels.1.Constrained supply saw many manufacturers prioritise deliveries of the latest zero emission-capable models. December saw battery electric vehicles (BEVs) claim their largest ever monthly market share, of 32.9%, while for 2022 as a whole they comprised 16.6% of registrations, surpassing diesel for the first time to become the second most popular powertrain after petrol. Meanwhile, plug-in hybrids (PHEVs) saw their annual share decline to 6.3%, meaning that combined, all plug-in vehicles accounted for 22.9% of new registrations in 2022 – a record high, although a smaller increase in overall market share than recorded in previous years.2 Hybrid electric vehicles (HEVs) also enjoyed growth, rising to an 11.6% market share for the year. As a result, average new car CO2 fell -6.9% to 111.4g/km, yet again the lowest in history..Click the link below to read the full press release.Chip crisis subdues new car market but EVs now second only to petrol.EU passenger car registrations: +16.3% in November
05 JANUARY 2023Supply chain shortages subdue new car market to 1.61m units in 2022 – a -2.0% fall on pandemic-afflicted 2021 – but UK reclaims position as Europe’s second biggest market.Battery electric vehicles secure best ever monthly market share and become Britain’s second most popular powertrain for the year.Rising registrations see market improvement in last five months with sector poised to deliver growth worth £8.4bn during 2023..The UK new car market recorded its fifth consecutive month of growth in December, with an 18.3% increase to reach 128,462 new registrations, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). This second half year performance was not enough, however, to offset the declines recorded during the first half of 2022. Despite underlying demand, pandemic-related global parts shortages saw overall registrations for the year fall -2.0% to 1.61 million, around 700,000 units below pre-Covid levels.1.Constrained supply saw many manufacturers prioritise deliveries of the latest zero emission-capable models. December saw battery electric vehicles (BEVs) claim their largest ever monthly market share, of 32.9%, while for 2022 as a whole they comprised 16.6% of registrations, surpassing diesel for the first time to become the second most popular powertrain after petrol. Meanwhile, plug-in hybrids (PHEVs) saw their annual share decline to 6.3%, meaning that combined, all plug-in vehicles accounted for 22.9% of new registrations in 2022 – a record high, although a smaller increase in overall market share than recorded in previous years.2 Hybrid electric vehicles (HEVs) also enjoyed growth, rising to an 11.6% market share for the year. As a result, average new car CO2 fell -6.9% to 111.4g/km, yet again the lowest in history..Click the link below to read the full press release.Chip crisis subdues new car market but EVs now second only to petrol.EU passenger car registrations: +16.3% in November
