Press release

SMMT New Car Registrations | October 2019

Auto Trader's Commercial Director, Ian Plummer, provides his view on the latest new car registrations from the Society of Motor Manufacturers and Traders (SMMT)

“Consumer confidence in the economy fell to its joint-lowest point in six years last month and historically, there’s always been a clear correlation between the two given the value of the purchase. This is particularly true for retail consumers and it’s also where we’ve seen the biggest decline in October.

“Brexit is the driving force of this lack in confidence, with continued uncertainty around our exit from the EU. The upcoming General Election will continue to cause further uncertainty around consumer purchase intentions. There are at least benefits to it taking place in December though with it being a traditionally slow month for new car sales. Once we have a clearer understanding of what our exit from the EU looks like we should start to see consumer confidence improve and with it more stable new car sales. 

“There are, however, some positive sub plots beneath the headlines that we should also take into consideration too of course. Transactions of EVs [electric vehicles] are up over 150% as more consumers move to zero emission vehicles. The popularity of SUVs is ever increasing too – it’s now quite clearly becoming the most popular body type in terms of new car registrations due to the sheer range and variety of new models on sale today. Premium brands also continue to do better in resisting the negative trend, with sales numbers remaining almost flat compared to last year .”

The 2016 @forduk Ka (petrol manual) tops our Fastest Selling Index, closely followed by the 2016 @Mazda_UK CX-5 (diesel manual) and 2016 Mazda CX-5 (diesel automatic) #usedcars #fastestsellingcar #fastestselling #retail #autoretail https://t.co/1yT545WiYg https://t.co/3jQvuxg1oW
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Great to have @MarcThornboroug and @nchking in the studio today with our new host, Kate Neil, talking about this year's Auto Trader awards - if you missed it, catch up on-demand now! 📺> https://t.co/wYkUoiIrz0 https://t.co/eTnideeBKi
Great to have Marc and Nick in the studio today with new host, Kate Neil, talking about this year's Auto Trader awards - if you missed it, catch up on-demand now!📺> https://t.co/wYkUoiIrz0 https://t.co/bncWFpuJlT
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The @MINIUK model with the biggest growth in consumer demand was the Clubman, up 29%. Are you able to capitalise on this demand? Know your market. #automotive #atinsight https://t.co/4dM8Wfa6nY
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Business Leader of the Year goes to Mark Mitchell of @MitchellGroupUK. Well Done Mark from all the team @AutoTrader_UK #AMAwards2020 https://t.co/gKFQrUEj0L

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