The UK car market has grown again - by 2.9% over November 2015 – according to the latest statistics released by the Society of Motor Manufacturers and Traders (SMMT). However,diesel registrations fell by another 2.9%, following the downward slope experienced over the past year.
This, combined with the growth in sales of petrol-engined cars of 7.9%, means that petrol and diesel sales are within 400 units of one another, where once diesel registrations held a comfortable lead over all others in the UK.
JATO global automotive analyst Felipe Munoz highlighted that this is a growing pattern across Europe, with many countries experiencing a drop of over 10% in diesel sales in the last five years. In Belgium, for example, diesel car registrations have dropped from 75% to 52% since October 2011, and Denmark's car registrations are just 35% diesels, where five years ago diesels represented almost half of its market. On the whole, diesel registrations in Europe have dropped from 54.8% to 49% between October 2011 and 2016.
Alternatively fuelled vehicle registrations continued their exponential growth, having grown by a quarter in November compared with the same month in 2015. They now make up 7.5% of UK registrations and counting.
Around 5000 more cars were registered in November 2016 than November 2015, with fleet and business registrations bolstering a comparatively flaccid private market. In the year to date, more 2.5 million cars have been registered; a record for the UK market.
Private sector sales continue to concern industry experts, who fear that we may not be experiencing the full effect of the political uncertainty on the car market. Private registrations fell by 1.2% - which represents 902 cars – in November compared with the same month last year. Business registrations rose by more than 1000 – 24.3% - while fleet registrations jumped to a few hundred shy of 100,000 - strengthening that sector's position as the dominant source of registrations in the UK.