The SMMT has released the new car registration
figures for January, which show that the overall new car market
fell to 112,087 units – down by 30.9 per cent, compared with
January 2008.
Fleet and business registrations, at 58,457 and
7,021 units respectively, fell by more than private registrations
during the month, down by 35.8 and 33.3 per cent.

“There is a clear need to stimulate demand for new vehicles in
the UK market. A number of EU member states have launched scrappage
incentive schemes, which have the benefit of boosting consumer
confidence and delivering significant environmental improvements,”
said Paul
Everitt
, SMMT chief executive.

“The UK motor industry is urging UK government to introduce a
similar scheme and help sustain jobs and businesses throughout the
sector.”

Access deeper industry intelligence

Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.

Find out more

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData