UK new car registrations fell by 34.9 percent from a year earlier to 145,377 units in June 2020, easing from record slumps seen in April and May, as the market began a tentative restart after more than two months of lockdown. Dealerships in Wales and Scotland remained closed for much of the month, while showrooms in England were allowed to reopen on June 1st. Private demand proved more resilient than business, down 19.2 percent in June with orders made pre-lockdown resulting in 72,827 registrations and accounting for more than half of the market. Fleet sales fell by a very substantial 45.2 percent to 69,498 units as businesses paused purchasing amid expenditure reviews. Considering the first half of the year, new car sales tumbled 48.5 percent to 653,502 units, with some 240,000 private sales lost since consumers were told to ‘stay at home’ and retailers forced to close, resulting in an estimated £1.1 billion loss to the Treasury in VAT receipts alone.
Car Registrations in the United Kingdom averaged 153944.38 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 July of 2020. source: The Society of Motor Manufacturers and Traders Limited (SMMT)
Car Registrations in the United Kingdom is expected to be 271000.00 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 185000.00 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.