New registrations in July show growth in car market
July saw a battery electric car registered every sixty seconds and the overall car market growing by 28.3 per cent, according to figures from the SMMT.
A total of 143,921 new vehicles were registered in July, marking continuous growth for a full year but still behind pre-pandemic levels. The Ford Puma led the way with 4,124 registrations, followed by the Kia Sportage (3,060), and the Nissan Qashqai (3,032).
Company registrations drove the growth, as uptake by large fleets increased 61.9 per cent to 80,961 units and business registrations rose 28.7 per cent to 2,915 new vehicles. Private demand remained stable at 60,045 units, which is up 0.3 per cent.
Electrified vehicles accounted for 35.4 per cent of the market. Hybrid (HEV) volumes grew, but their overall market share fell to 11.3 per cent. Plug-in hybrid (PHEV) registrations saw an uplift for the second consecutive month as uptake rose 79.1 per cent to account for 8.1 per cent of the market. Battery electric vehicles (BEVs) recorded an 87.9 per cent increase to account for 16.0 per cent of all new registrations.
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