UK new car registrations declined 1.6 percent year-on-year to 140,945 units in October 2020, making it the weakest October since 2011 and -10.1% lower than the average recorded over the last decade. The arrival of new models and ongoing financial incentives helped initially to sustain UK demand in the month, but the introduction of a ‘firebreak’ lockdown in Wales on October 23rd contributed to the nation recording 25.5 percent fewer registrations by the end of the month, which accounted for more than half of the overall UK decline. With England entering a second lockdown in November, which will see the closure of vehicle showrooms, the 2020 forecast for total sales has been downgraded by a further 100,000 units to 1.56 million. This equates to a total year-on-year decline of around 750,000 registrations and a £22.5 billion loss in turnover, with 2020 now likely to be the weakest year since 1982. source: The Society of Motor Manufacturers and Traders Limited (SMMT)
Car Registrations in the United Kingdom averaged 154107.73 from 1962 until 2020, reaching an all time high of 562337 in March of 2017 and a record low of 4321 in April of 2020. This page provides the latest reported value for - United Kingdom Car Registrations - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Car Registrations - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Car Registrations in the United Kingdom is expected to be 114000.00 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 289000.00 in 12 months time. In the long-term, the United Kingdom Car Registrations is projected to trend around 136000.00 in 2021 and 169000.00 in 2022, according to our econometric models.