New car sales have hit their highest point since before the pandemic, according to data released by the Society of Motor Manufacturers and Traders.
It found that October’s new car market grew by 14.3% in the month to 153,529, which is 7.2% above pre-pandemic levels and the best since 2018. Overall vehicle uptake is now up 19.6% in the first 10 months, making it the best year since 2019.
EV sales also continued to on an upward trend, with hybrids growing 24.6% to reach 19,574 units and plug-ins up 60.5% to 14,285 registrations. BEVs rose 20.1% to 23,943 units.
Meanwhile, light commercial vehicle registrations increased by 17.7% in October to 26,342 unites.
Mike Hawes, SMMT Chief Executive, said: “With demand for new cars surpassing pre-pandemic levels in the month, the market is defying expectations and driving growth. As fleet uptake flourishes, particularly for EVs, sustained success depends on encouraging all consumers to invest in the latest zero emission vehicles. The Autumn Statement is a key opportunity for government to introduce incentives and facilitate infrastructure investment. Doing so would send a clear signal of support for drivers, reassuring them that now is the time to switch to electric.”
