Car industry suffers weakest March since 1998


The UK’s automotive industry suffered its worst March for new car sales since 1998, according to new figures (Peter Byrne/PA) (PA Archive)

The UK’s automotive industry suffered its worst March for new vehicle income given that 1998, according to new figures (Peter Byrne/PA) (PA Archive)

The UK’s automotive market experienced its worst March for new vehicle profits considering the fact that 1998, according to new figures.

Just 243,479 new cars were being registered final thirty day period, the Society of Motor Companies and Traders (SMMT) claimed.

That is down 14.3% compared with March 2021.

It is the least expensive March whole considering that 1998, which was prior to the introduction of new number plates every March and September.

(PA Graphics) (PA Graphics)

(PA Graphics) (PA Graphics)

SMMT main govt Mike Hawes explained the figures as “deeply disappointing”, with March important for the industry because it is generally the busiest thirty day period of the 12 months as potential buyers demand from customers the most current amount plate.

He stated: “While desire continues to be sturdy, this drop illustrates the severity of the worldwide semiconductor lack, as makers attempt to produce the latest, most affordable emission autos to eagerly awaiting consumers.

“Placing orders now will be advantageous for these hunting to take benefit of incentives and lessen managing costs for electric powered vehicles, specifically as the Ukraine crisis could have an impact on supply still more.

“With growing home and small business expenses, Federal government must do all it can to assist consumers so that the expansion of electrical automobiles can be sustained and the UK’s ambitious net zero timetable shipped.”

(PA Graphics) (PA Graphics)

(PA Graphics) (PA Graphics)

The British isles has pledged to access internet zero for carbon emissions by 2050.

The help obtain this, income of new petrol and diesel cars and trucks and vans will be banned from 2030.

Past thirty day period the Office for Transport announced a approach to increase the range of public electrical motor vehicle chargepoints in the Uk from 30,000 to 300,000 by that date.

A document 64,165 battery electrical motor vehicles (BEVs) were being registered in March.

That is up 78.7% on the exact same thirty day period in 2021, having a 16.1% current market share.

Additional BEVs have been registered very last month than all through the full of 2019.

Jim Holder, editorial director of journal and website What Car?, reported: “While it is apparent and welcome that desire for very low and zero emissions motor vehicles is rising at a quickly speed, it is also obvious that the uptake could be significantly higher if provide issues caused by the semiconductor laptop or computer chip shortage, and exacerbated by the war in Ukraine, weren’t obtaining such a devastating affect on gross sales figures.

“Recent hikes in vitality charges and normal expenditures of living are also posing a challenge.”


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