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New car market holds steady as fleets drive growth

SMMT: Battery electric vehicle market share rises to 17.6% in the month and 16.1% YTD

05 June 2024

 

The UK new car market marked its 22nd consecutive month of growth as registrations rose 1.7% in May, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).

With 147,678 units reaching the road, it was the best May market performance since 2021, although it remains down some -19.6% on 2019.

Fleets and businesses continued to fuel market growth, up 14.0% and 9.5% respectively, narrowly offsetting a -12.9% decline in private retail uptake.

While deliveries of...

+83% more

 

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