New car registrations in the UK dropped 15.8% year-on-year to 119,167 units in April of 2022, following a 14.3% fall in March, as global supply chain shortages, namely of semiconductors, have continued to constrain the delivery of new vehicles. April’s decline was driven primarily by a 33.3% decrease in large fleet registrations, with manufacturers continuing to prioritise private consumers given robust demand, which helped this market segment see a modest increase of 4.8%. On the other hand, battery electric car registrations were up 40.9% and took a 10.8% market share. Meanwhile, the Society of Motor Manufacturers and Traders Limited revised its market outlook for 2022 lower to 1.72 million new cars now expected to be registered during the year, compared to 4.8 million seen in January. source: The Society of Motor Manufacturers and Traders Limited (SMMT)
Car Registrations in the United Kingdom averaged 153629.04 from 1962 until 2022, 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 2022.
Car Registrations in the United Kingdom is expected to be 196000.00 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 185000.00 in 2023 and 201000.00 in 2024, according to our econometric models.