- Important plate change month sees new car registrations grow 8.2% to 359,612 units, exceeding expectations by more than 26,000 cars.
- The market has increased 4.3% to 1,620,609 units in the first three quarters of 2012, up 67,515 units.
- Since this time last year, the new car market has enjoyed quarter-on-quarter growth vs the previous year, culminating in a 7.5% gain in Q3 (the best non-scrappage impacted quarterly growth since 2001).
- For the year-to-date, the average new car emitted 133.4g/km of CO2, down 3.4% on the 138.7g/km from the same period in 2011.
“The important September plate change market outperformed expectations with new car registrations increasing more than 8% on last year to 359,612 units,” said Paul Everitt, SMMT Chief Executive. “Although the economic outlook remains challenging, we are starting to see a tentative return of consumer confidence as motorists explore new products and the latest fuel-efficient technologies.”
Click through to download the full September 2012 new car registrations news release and data tables.
September 2012 new car registrations data
|Mkt share ’12||48.5%||50.2%||1.3%||49.3%||45.0%||5.7%|
|Mkt share ’11||48.3%||50.3%||1.4%||46.7%||47.1%||6.2%|
|Mkt share ’12||50.4%||48.2%||1.4%||46.0%||49.6%||4.5%|
|Mkt share ’11||49.9%||48.9%||1.3%||43.0%||51.7%||5.3%|
September 2012 and YTD best sellers
|7||3 Series||7,726||7||3 Series||34,340|
September market betters expectations, up more than 26,000 units on forecast and 27,000 on a year ago
- There were 359,612 ‘62’-plate cars registered in September, an 8.2% rise on a year ago. September is the second busiest month for new car registrations representing around 18% of the annual market, second only to March – which recorded 372,835 units.
- During January-September the market increased 4.3% to 1,620,609 units. Registrations in Q3 rose 7.5%, increasing the rate of growth seen in Q1 (0.9%) and Q2 (4.8%). This represents the best, non-scrappage impacted, quarterly growth since 2001. However the market remains well below pre-recession levels – in 2007 1.94 million cars were registered in the first nine months of the year.
- New car registrations have grown every month in 2012 bar one, and September volumes were 26,112 units or 7.8% above SMMT’s forecast for the month.
- The growth is likely to be market specific, given wider economic concerns, boosted by attractive offers and enticing new models that offer significant fuel efficiency gains to UK motorists.
- Registrations of small and dual purpose cars saw the biggest rises in the month, but almost all segments saw growth.
- The Ford Fiesta was the best selling new car in September and also for the year-to-date.
- Towards the end of October, SMMT is due to revise its full year forecast, currently at 1.97 million units as set in July.