The UK new car market declined by -4.6% in May with 183,724 units registered, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). The fall reflects continued uncertainty over diesel and clean air zones as well as the removal of incentives for plug-in hybrid vehicles. Meanwhile, the underlying economic and political instability continues to affect consumer and business confidence.
Declines were recorded across all sales types in the month, with registrations by private consumers, fleets and business buyers declining by -5.0%, -3.0% and -29.0% respectively. Most vehicle segments experienced a fall in demand, however, executive and dual purpose vehicles bucked the trend, with registrations growing 9.1% and 16.0%. While demand for superminis and small family cars fell, these vehicles remain the most popular taking a combined 56.3% of the market.
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SOURCE: SMMT
