A continuing fall in new car sales is a worrying sign for car dealers
A total fall of 163,541 in registered vehicles has been recorded last month – which is also down 11.2% YOY according to the Society of Motor Manufacturers and Trade. This is also bad news for the demand for diesel cars with a 30.6% fall making November the eighth consecutive month to decline.
However, the same can’t be said for petrol cars, with a 5% increase and a huge gain for alternatively fuelled vehicles with a 33.1% growth!
Here’s what people had to say about it
Richard Jones, the managing director of Black Horse, which is one of the UK’s leading motor finance providers, said: ‘These figures show the new car market continues a trend of moving to a more sustainable position.
Sue Robinson, director of the National Franchised Dealers Association, said: ‘The new car market is now year-to-date five per cent down on last year, in line with initial forecasts. While alternative-fuel vehicles continued to grow significantly, registrations of new diesel cars showed a consistent decline as a consequence of recent media coverage and government’s announcements.’
So what does this mean?
Now the sales of new diesel cars have started to decline and petrol sales still have a steady growth, helps give the evidence that diesel drivers are choosing to hang on to their vehicles for longer periods of time to see what will happen with diesel taxes and added charges, leaving a great oportunity in the used car market.