In February, BEVs, PHEVs, HEVs all experienced growth, whilst petrol and diesel registration continued their decline off the back of ongoing supply constraints.
Overall, new car sales experienced a 15% increase in January compared to the same month last year, the latest SMMT figures showed. In total, 174,081 new cars were registered in February
In February, Battery electric vehicles (BEVs) registration continued to shine for the automotive industry, experiencing an increase of 196.3%, plug-in hybrids (PHEVs) followed with a 48.9% increase. Registrations of diesel and petrol vehicles declined -42% and 10.5% respectively. Hybrid electric vehicles rose an impressive 115.4% compared to last year.
SMMT figures showed combined battery electric and plug-in hybrid vehicles accounted for 25.6% of new vehicles hitting the road (15,094 units). BEVs accounted for 17.7% and PHEVs 7.9% respectively.
Sue Robinson, NFDA Chief Executive, said “February’s increase in new car sales was highly anticipated since last year’s market was heavily affected by the lockdown; as the industry enters the important plate change month of March, franchised vehicle dealers are prepared to help consumers find the right vehicle for their needs.
“Looking further ahead, supply-side constraints are likely to continue to remain a factor, driven by known macro events.
“Notwithstanding that, NFDA will continue to work with members to ensure that they continue to assist their customers with everything from service plans to nearly new and used vehicle sales.
“The majority of franchised dealers are cautiously optimistic about the levels of consumer demand in 2022 despite the impact of external factors and are looking forward to a busy plate change month”.