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.
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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 1.93m.
Fleet and business volumes
grew in both March and the first quarter of 2011, 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.
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By GlobalDataFirst-quarter 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.”
