UK New Car Registrations Surge in May 2024 to Strongest Level Since 2019
Record Growth in UK New Car Sales and Electric Vehicle Market Share
Strongest May for New Car Registrations Since 2019
June 4 (Reuters) - Britain recorded its strongest May for new car registrations since 2019, with sales rising about 7% year-on-year on resilient private buyer demand, according to preliminary data from the Society of Motor Manufacturers and Traders (SMMT) on Thursday.
Battery Electric Vehicle Market Performance
The share of battery electric vehicles rose to about 27% of the market last month, taking it to 24% year-to-date, according to the SMMT, but both remained short of the mandated 33% target.
Plug-in Vehicle Demand and Data Sources
Separate data from New Automotive showed on Wednesday new car sales rose about 6% year-on-year, driven by demand for plug-in vehicles.
SMMT and New Automotive use different data sources and calculation methods, explaining the differences in the figures.
Upcoming Final Figures Release
The SMMT will publish the final figures for the month at 0800 GMT.
(Reporting by Nithyashree R B in Bengaluru; Editing by Shailesh Kuber)
