Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt New car registrations fall for first time in 43 months
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

New car registrations fall for first time in 43 months

Date: 05 November 2015   |   Author: Daniel Puddicombe

New car registrations dropped for the first time in more than three and a half years (43 months) in October, the latest Society of Motor Manufactures and Traders data has revealed.

According to the SMMT, 177,664 new cars were registered in the month, representing a 1.1% drop on last year's figures, however, year-to-date registrations are up by 6.4% at 2.2m cars.

However, fleet registrations grew by 2.2% compared to September 2014.

Diesel and petrol market shares remain stable, though October's alternatively-fuelled vehicle volumes were up by 13.8%, reaching a 3% market share.

Volkswagen's registrations were down by 9.8%, potentially partly as the knock-on impacts of the emissions scandal start to emerge, however, it is not the only big brand experiencing a drop in registrations with Vauxhall's registrations falling by 16.3% in October.

Meanwhile, the number of Seats registered fell by 32.2%, and Skoda's figures were down by 3%, though, sister brand Audi's registrations increased by 2.2% compared  with October 2014.

"The UK car market has gone through a period of unprecedented growth and, so far, 2015 has been a bumper year with the strongest performance since the recession," said Mike Hawes, SMMT chief executive.

"As expected, demand has now begun to level off but the sector is in a strong position, as low interest rates, consumer confidence and exciting new products combine to attract new car buyers. The current full-year growth forecast remains on track," he added.

The Ford Fiesta remained at the top of the charts with 8577 units registered during the month.