Reading through the Society of Motor Manufacturers and Traders (SMMT) figures this morning the data suggests new car registrations made a modest return to growth in August. Despite the growth, August volumes were still the second worst, for the month, since 2013, as supply chain pressures continued to constrain the market.
The Society of Motor Manufacturers and Traders (SMMT) figures show a total of 68,858 new cars were registered, representing an uplift of 1.2% when compared to August 2021. With September traditionally a bumper time for new car uptake, the next month will be the true barometer of industry recovery as it accelerates the transition to zero emission mobility despite the myriad of challenges. Fleet and business registrations accounted for 49.5% of the total for August, as decline in the segment began to slow.
