22 months of growth for AFVs

by | Mar 6, 2019

Overall, the UK’s new car market saw year on year growth of 1.4% in February, which is usually a slow month ahead of the March plate change. This growth could have been caused by the looming prospect of a no-deal Brexit and the threat of price increases on imported goods.

In the AFV category, it was zero-emission vehicles which saw the most growth with 731 units, more than double the figure for 2018. 

Having the part exchange tool on your website is a fantastic way of generating warm leads for your dealership, in a market where used stock is few and far between.

“It’s encouraging to see market growth in February, albeit marginal, especially for electrified models.”

Mike Hawes – SMMT Chief Executive

Plug-in hybrid electric vehicles (PHEVs) are continuing to struggle, however, following the removal of the Plug-in Car Grant for PHEVs in October 2018. In the first 10 months of 2018, these hybrids saw growth of nearly 30% year on year. Following the removal of the grant, this growth has been reduced to 1.7%.

Mike Hawes, SMMT Chief Executive, said: “It’s encouraging to see market growth in February, albeit marginal, especially for electrified models. Car makers have made huge commitments to bring to market an ever-increasing range of exciting zero and ultra low emission vehicles and give buyers greater choice.” 

Hawes has previously been critical of the removal of the Plug-in Car Grant for PHEVs and added that zero and ultra-low emission vehicles “still only account for a fraction of the overall market, however, so if the UK is to achieve its electrification ambitions a world-class package of incentives is needed. The recent removal of the plug-in car grant from hybrids was a backwards step and sends entirely the wrong message. Supportive, not punitive measures are needed, else ambitions will never be realised.”

By the end of 2019, more than 60 plug-in models are expected to be available to customers in the UK.

Post Tags

afvelectricsmmt

Related Posts

If you would like to know more about our services, provide us with your details below and we will give you a call!

pornplaybb.com siteripdownload.com macromastiavideo.com