New car registrations in the UK dropped 4.1 percent from a year earlier to 161,064 units in April 2019, the second lowest volume for that month since 2012. Registrations by private motorists fell 10.3 percent, after a rise of more than 26 percent in April 2018; while fleet demand grew 2.9 percent, with these businesses registering 2,498 more cars than in April 2018. Diesel registrations fell again, but the pace of decline slowed significantly, down 9.4 percent; and petrol demand also dropped, by 3 percent. Overall, alternatively fuelled vehicle (AFV) registrations grew by 12.7 percent, with 10,254 leaving showrooms. Meanwhile, zero emission-capable plug-in hybrids experienced a significant decline, down 34.4 percent in April – evidence of the consequences of prematurely removing upfront purchase incentives before the market is ready. Considering January-April, new car sales fell 2.7 percent to 862,100 units. Car Registrations in the United Kingdom averaged 154020.95 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 245000.00 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 475000.00 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.