The latest UK car market overview from cap hpi has revealed strong demand in the new vehicle sector although the used car sector continues to struggle.
The report stated that, based on data from the Society of Motor Manufacturers and Traders (SMMT), 177,266 new cars were registered in June 2023, an increase of 25.8% over the same month last year. That makes the 11th consecutive month of growth.
Year-to-date, 949,720 cars were registered in the first six months of the year, which is an 18.4% increase on the 802,079 in the same period last year, but still a 25.2% reduction on the same period in 2019.
Petrol driven cars remain the most popular fuel-type with a 56,9% share of the market year-to-date, with battery electric vehicles accounting for a 16.1% market share.
Meanwhile, the used car market continued to struggle in June, with figures suggesting it is falling back into a more seasonal pattern in line with pre-Covid levels.
