CHIP SHORTAGE CAUSES DROP IN REGISTRATIONS

New registrations dropped by a third in September, the biggest monthly YoY fall since biannual plate changes were introduced in 1999.

Lack of supply hampers new registrations (file photo)

New passenger car registrations decreased by -34.4% compared to the same month last year as supply constraints continued to affect sales of new vehicles. A total of 215,312 units were registered in September, whilst 1,316,614 new cars have been sold since January 2021.

Demand for plug-in electric vehicles continue to rise. Battery electric (BEV), plug-in hybrid (PHEV) vehicles grew by 49.4% and 11.5% respectively. Sales of diesel cars fell -77.3% and petrol was down -46.6%.

Registrations from fleet and private buyers declined, but sales to private consumers performed better (-25.3% and -43.1%).

Sue Robinson from the National Franchise Dealers Association said: “New vehicle sales in the UK declined in September as a result of supply-side issues facing the sector and despite buoyant demand from consumers, as confirmed by 97.7% of surveyed franchised vehicle dealers whose stock was affected by the global microchip shortage”

 

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

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