The launch of the new 11-plate led
to 366,101 new car registrations in March, 7.9% fewer than in
March 2010, according to latest statistics from the SMMT. However,
with scrappage volumes excluded, registrations rose 5.9% compared
to 2010, beating the market’s expectations.
Monthly new car registrations have now
declined year-on-year for the past nine months. Registrations in
the first quarter of 2011 fell 8.7% to 558,336 units – and the
total number of 2011 registrations is now forecasted to be 5% lower
than 2010, at 1.93 million.
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Fleet and business volumes grew in both March
and Q1, demonstrating underlying business confidence that should
stabilise the market through 2011. Meanwhile, the first quarter
recorded the lowest-ever average CO2 emissions for new
cars, down 3.4% to 140.3g/km.
Q1 diesel car registrations increased by 7.9%,
with their market share rising from 41.1% to 48.5%. Alternatively
fuelled cars achieved a record 1.4% share of the total market over
the quarter, with volumes increasing by 27.3%.
SMMT chief executive Paul Everitt said: “The
new cars registered in March demonstrated sustained demand in what
is traditionally the biggest month of the year. Despite a dip
versus 2010, the market remains on course to meet SMMT’s forecast
for the year with motorists buying increasingly fuel-efficient and
low-emitting vehicles across every segment.”
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