Car market rallies in November
- Posted by: Alan Feldberg
- Category: News
New car registrations grew 1.7% in November, bringing an end to four months of consecutive decline, with 115,706 units registered compared to the same period last year.
This is according to new figures released from the Society of Motor Manufacturers and Traders (SMMT).
However, this must be viewed in the context of a weak 2020, when lockdowns impacted registrations, including November. Compared to the pre-pandemic average, the market remains down significantly, with 31.3% fewer vehicles registered during the month.
Plug-in vehicle demand continued to grow, however, with battery electric vehicles (BEVs) equating to 18.8% of the market, with 21,726 units – more than double compared with November 2020 – while plug-in hybrid vehicles’ (PHEVs) share grew to 9.3% or 10,796 units
Year-to-date, 1,538,585 new cars have been registered, of which 17.5% have been BEVs or PHEVs, meaning one in six new cars is capable of being plugged in. When combined with hybrid electric vehicles (9.0% share), more than a quarter (26.5%) of the new car market during 2021 has been electrified.
Mike Hawes, SMMT chief executive, said: “What looks like a positive performance belies the underlying weakness of the market. Demand is there, with a slew of new, increasingly electrified, models launched but the global shortage of semiconductors continues to bedevil production and therefore new car registrations.
“The industry is working flat out to overcome these issues and fulfil orders, but disruption is likely to last into next year, compounding the need for customers to place orders early. The continued acceleration of electrified vehicle registrations is good for the industry, the consumer and the environment but, with the pace of public charging infrastructure struggling to keep up, we need swift action and binding public charger targets so that everyone can be part of the electric vehicle revolution, irrespective of where they live.”