New car registrations in the UK rose 1.4 percent year-on-year to 81,969 units in February 2019, after five consecutive months of annual declines. Following a decrease in January, business buyers returned to showrooms registering 1,193 models in February (up 23.4 percent); private rose by 4.3 percent while fleet buyers dropped by 1.3 percent. Demand for alternatively fuelled vehicles continued to increase, up 34.0 percent and marking the 22nd straight month of growth for the segment as new and existing cutting-edge models attracted buyers into showrooms. Registrations of zero-emission electric cars enjoyed particular growth, more than doubling to 731 units, although they still accounted for less than 1 percent of the market (0.9 percent). Additionally, petrol demand advanced 8.3 percent while for diesel vehicles fell 14.3 percent. Ford Fiesta (3,399 units), Ford Focus (2,537), VW Golf (2,410), Mercedes Class A (2,050) and VW Polo (1,512) where the top 5 best sellers in February. Car Registrations in the United Kingdom averaged 153567.49 from 1962 until 2019, reaching an all time high of 562337 in March of 2017 and a record low of 33051 in July of 1992.
Car Registrations in the United Kingdom is expected to be 465000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Registrations in the United Kingdom to stand at 151000.00 in 12 months time. In the long-term, the United Kingdom Car Registrations is projected to trend around 196000.00 in 2020, according to our econometric models.