UK new car registrations dropped 1.6 percent from a year earlier to 92,573 units in August of 2019, the sixth consecutive month of decrease as falling demand for diesel and plug-in hybrid vehicles continued to impact the overall market. By segments, sales of plug-in hybrid electric vehicles continued, down -71.8% to just 907 vehicles; and those of diesel vehicles fell for the 29th month in a row, though at a slower pace than recently experienced (-12.2%). In contrast, demand for petrol vehicles remained stable, up 1.0%; zero emission cars saw the biggest percentage growth, up 377.5%, to 3,147 units as new models and some pent up demand boosted registrations, while 4,014 hybrid electric cars also joined UK roads, an uplift of 36.2%. Year-to-date, sales of new car sales went down 3.4 percent to 1.519 million units. Car Registrations in the United Kingdom averaged 154079.96 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 332000.00 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 236000.00 in 12 months time. In the long-term, the United Kingdom Car Registrations is projected to trend around 176000.00 in 2020, according to our econometric models.