UK new car registrations dropped 4.9 percent from a year earlier to 223,421 units in June 2019, the fourth consecutive month of decrease, as alternatively fuelled vehicle demand fell for the first time since April 2017. Demand contracted in all sectors, with private registrations seeing a decline of 4.8 percent, while larger fleet and business registrations also fell, down 2.5 percent and 37.1 percent respectively. Considering the first half of the year, new car registrations dropped 3.4 percent to 1.27 million units, as ongoing confusion over low emission zones and diesel, the removal of key ultra low emission vehicle incentives and an overall decline in buyer confidence affected the market. Car Registrations in the United Kingdom averaged 154064.06 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 362000.00 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 246000.00 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.