Cars Registrations SMMT News

January new car registrations fall 13.3 per cent as company car tax change distorts market

06 February 2006 #Cars #Registrations #SMMT News

  • January UK registrations fell 13.3 per cent to 157,363 units
  • Fleet and business registrations fell 15.8 per cent
  • UK confirmed as second biggest European market with 2,439,717 units in 2005

‘January’s registration figures show the effect on a market when tax changes are not carefully considered’, commented SMMT chief executive Christopher Macgowan. ‘Many company car drivers clearly rushed to take advantage of the three per cent tax benefit at the end of 2005. This led to the record diesel registrations in December, and today’s weaker January market.

‘In a wider context, the UK car market remains Europe’s second largest, behind Germany. This shows that, despite tougher times for car dealers, we still have healthy demand’.

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