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Surprising, unprecedented growth in the car market is likely to come in the UK

Surprisingly, the UK car market expanded in March, with car showrooms closing on the island nation last month as part of austerity measures to control the corona virus outbreak. British Automobile Manufacturers and Distributors Association (SMMT) now Published The latest situation shows that this situation does not deter customers,

In March, 283,964 passenger cars were registered, an increase of 11.5 percent over the same period in 2020.

Taking into account the year so far, it can be said that more than 425 thousand cars have been sold, which is a decrease of 12 percent compared to the same period last year. Last month, naval sales rose 28.7 percent, while sales to private individuals fell 4.1 percent from March 2020.

Despite the expansion, SMMT is not happy without the cloud, at least with some interesting statistics shared:

  • March and has traditionally been the strongest month in the UK, with an average of 450,189 cars registered annually between 2010 and 2019, and the number of March is now almost 37 percent lower
  • In the first three months of 2021, 58,032 fewer cars were registered in the UK than in the same period in 2020. The result is an estimated $ 1.8 billion in sales losses for carmakers
  • In order for the sector to return to pre-epidemic sales levels, 8,300 passenger cars must be registered each trading day. However, in the last ten years, they have only been able to sell an average of 7,400 cars a day, and the number of sales per day is now close to 5,600.
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However, SMMD director Mike Haves is expected to visit the salon next week. Opening Car sales in the UK could be a major boost Looking at the dramatically low sales last April, the new car market was able to see unprecedented growth this month.

Electric cars go better with the English

SMMT reported that although sales of vehicles equipped with internal combustion engines fell sharply in March compared to the same period last year, sales of electric models were partially or fully up. In addition to the available subsidies, there are a number of different electric models now available in the UK car market.

Sales of battery-powered electric cars in March 2020 accounted for more than 88 percent of total sales of plug-in hybrid models starting at 152 per cent.

In comparison, sales of diesel cars fell by 31 per cent, while petrol passenger cars fell by almost 10 per cent compared to last March 2020.

Figures released by the British Automobile Manufacturers and Distributors Association also show that last month Voxhall was the most popular model (7,927) in terms of sales figures for the island nation of Corsa. Next in line are the Ford Fiesta (7,406) and the Mercedes-Benz A-Class (7,012).

Cover Image Source: Andrew Mathews / PA Images via Getty Images