New car registrations in the UK increased 18.3% year-on-year to 128,462 units in December of 2022, a fifth consecutive month of growth. Battery electric vehicles (BEVs) claimed their largest-ever monthly market share (32.9%) while plug-in hybrids (PHEVs) saw their annual share decline to 6.3%. Still, considering full 2022, new car registrations went down 2% to 1.614 million, around 700,000 units below pre-Covid levels, due to supply chain shortages. Looking ahead, supply chains are beginning to stabilise and although the shortage of semiconductors is expected to ease, erratic supply will likely impact manufacturing throughout 2023. The most recent market outlook, published in October 2022, anticipates around 1.8 million new car registrations in 2023, worth around £8.4 billion in additional turnover, according to SMMT. source: The Society of Motor Manufacturers and Traders Limited (SMMT)
Car Registrations in the United Kingdom averaged 153425.90 Units from 1962 until 2022, reaching an all time high of 562337.00 Units in March of 2017 and a record low of 4321.00 Units in April of 2020. This page provides the latest reported value for - United Kingdom Car Registrations - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Car Registrations - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Car Registrations in the United Kingdom is expected to be 250000.00 Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Car Registrations is projected to trend around 112000.00 Units in 2024, according to our econometric models.