New car registrations in the UK April recorded an artificial 30-fold increase compared to the same month last year to 141,583 units, when the first national lockdown effectively shut the country, and just 4,321 cars were registered amid closed showrooms and a prohibition on test drives. Importantly, the shift to new technologies continued as total plug-in vehicle market share in now of 13.2 percent, with plug-in hybrids (PHEVs) accounting for 6.8 percent, unusually higher than the share for battery electric vehicles (BEVs) of 6.5 percent. Estimates point for another record year for electric vehicles, which are expected to overcome a 14% market share. Overall, April’s volumes still remained 12.9 percent lower than the 10-year average, but the successful vaccine rollout, which is spreading optimism across businesses and consumers, made the SMMT to upwardly revise its end of the year forecasts to 1.86 million. source: The Society of Motor Manufacturers and Traders Limited (SMMT)
Car Registrations in the United Kingdom averaged 153951.72 from 1962 until 2021, reaching an all time high of 562337 in March of 2017 and a record low of 4321 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 May of 2021.
Car Registrations in the United Kingdom is expected to be 185000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Registrations in the United Kingdom to stand at 256200.00 in 12 months time. In the long-term, the United Kingdom Car Registrations is projected to trend around 169000.00 in 2022 and 185000.00 in 2023, according to our econometric models.