Thursday, 5 April 2018

UK new car market falls 15.7% in March

Source: SMMT

UK new car market falls 15.7% in March


The Society of Motor Manufacturing and Traders (SMMT) has announced a decline in new car registrations for March 2018 falling 15.7% Y-o-Y with demand from business, fleet and private buyers all falling in March, down -14.3%, -15.0% and -16.5% respectively.

March 2017 was the biggest month ever for new car registrations as buyers took the opportunity to purchase vehicles before the new VED (Vehicle Excise Duty) Rates came into force in April 2017 and although registrations were down year-on-year, March 2018 was recorded as the fourth biggest March on record and continuing the trend with new car registrations having fallen for the 12th consecutive month, with year-to-date performance down -12.4%.

A full run-down of the top ten registrations in March 2018 can be found below:

Top ten best-selling cars - March 2018

1. Ford Fiesta - 19,272 registrations
2. Volkswagen Golf - 13,966 registrations
3. Nissan Qashqai - 12,018 registrations
4. Vauxhall Corsa - 11,718 registrations
5. Ford Focus - 9,403 registrations
6. Ford Kuga - 8,964 registrations
7. Mini - 8,720 registrations
8. Mercedes-Benz A Class - 7,184 registrations 
9. Mercedes-Benz C Class - 7,155 registrations
10. Kia Sportage - 6,583 registrations