New car registrations remain 37% below pre-Covid average despite Spring bounce

New car registrations rose 11.5 for each cent in March 2021 as opposed to the

New car registrations rose 11.5 for each cent in March 2021 as opposed to the similar thirty day period last year, with 283,964 new cars locating houses. That’s 36.nine for each cent down on the 2010-2019 March average of 450,189 units, on the other hand.

This determine only constituted a year-on-year boost – the to start with because August 2020 – for the reason that March 2020 observed the commence of Covid-19 lockdown limitations in the Uk, with car showrooms forced to close their doors for the to start with time, and registrations dropping 44.4 for each cent as a end result.

According to the hottest figures from the Culture of Motor Makers and Traders (SMMT), 2021 has so considerably found 58,032 less new cars registered than in January to March last year. This is equivalent to a to start with quarter loss in turnover of £1.8 billion.

In get for registrations to return to pre-Covid ranges, 8,300 new cars would want to be registered just about every single day for the relaxation of 2021. The average more than the past ten years has been around seven,400 for each day, although recent ranges sit at roughly 5,600 a day.

March is commonly a bumper thirty day period for new car sales thanks to the bi-annual introduction of a new range plate structure. Although March 2021 was’t as sturdy as common, click on and gather solutions acted as a lifeline for the marketplace, and permitted a lot of 21-plate cars that could normally have been unsold to get on the street.

March sales 2021

The SMMT has warned, on the other hand, that click on and gather does not offer the similar consumer practical experience as a bodily dealership. With showrooms reopening on 12 April, it’s hoped that purchasers staying equipped to select and configure a new car in particular person will enable the sector recover some of the £22.2 billion of turnover which is been misplaced because March 2020.

The year-on-year growth found in March 2021 came nearly entirely from fleet demand, which was up 28.seven for each cent. Registrations by personal clients basically fell 4.1 for each cent, with dealerships throughout the place remaining shut for the whole thirty day period.

Electrical and plug-in hybrid vehicles took a mixed industry share of thirteen.nine for each cent – up from seven.3 for each cent in March 2020, when 44 less models ended up offered. EVs on your own observed an 88.2 for each cent increase in industry share, although PHEVs ended up up 152.2 for each cent. Standard hybrids also observed a 42 for each cent raise.

The finest-offering new car in March 2021 was the Vauxhall Corsa, which remains at the leading of the desk for the year-to-day. Whether or not the UK’s very long-time favourite – the Ford Fiesta – can climb from second put to regain the leading place remains to be found.

Mike Hawes, chief executive of the SMMT, said: “The past year has been the hardest in modern-day history and the automotive sector has, like a lot of others, been strike challenging. However, with showrooms opening in a lot less than a week, there is optimism that consumer self confidence – and as a result the industry – will return.

“We know we will see document-breaking growth up coming thirty day period, presented April 2020 was a washout, but a sturdy and sustainable industry is possible if clients are attracted to the preference and aggressive offer the marketplace is equipped to supply inside the safest of showroom environments.”

Discover out the finest cars coming out in 2021 here…