Fuel-efficient motoring drives solid start to 2014 new car registrations

  • 2013 confidence continues into January: 154,562 new cars registered, up 7.6%.
  • Buyers attracted by fuel efficiency; typical new car 27% more efficient than seven-year-old model.
  • Alternatively-fuelled vehicle registrations increase 25% over January 2013.
  • 2014 set for more moderate growth than 2013.

“The new car market ended 2013 on a high, so it is encouraging to see the January market start the year strongly, rising 7.6%,” said Mike Hawes, SMMT Chief Executive. “As fuel economy is a major consideration for many motorists, ongoing investment by vehicle manufacturers in innovative, fuel-efficient technology is a key factor in the growing demand for new cars. Looking ahead, the UK automotive industry expects to see moderate, sustainable growth in 2014.”

Average mpg of new cars by segment – 12 months to January 2008 vs January 2014 (registration-weighted)

MPG by segment cropped

Registrations breakdown

Top ten table

  • Registrations of alternatively-fuelled vehicles (AFVs) outperformed the overall market in January 2014, growing 25% and taking an improved 1.8% share of volumes.
  • Petrol-electric hybrids accounted for almost all AFV registrations in 2008. Since then, the increased availability of pure electric, plug-in and diesel-electric powertrains has helped the overall AFV market gain more traction.
  • The new government/industry ‘Go Ultra Low’ campaign to promote the advantages of ultra-low emission vehicles will provide a further stimulus to this important, growing market.
  • The Plug-In Car Grant (up to £5,000) continues to provide an important incentive to buyers of pure electric and plug-in vehicles.

Alternatively-fuelled new car registrations – 12 months to January 2008, 2013 and 2014

Fuel type graph

Click through to download the full January 2014 new car registrations news release and data table.

New car registrations

Find monthly new car registration data and in-depth analysis here.

New car registrations