Overall vehicle registrations collapse while plug-in performance remains steady
By Jason Dunn2021-11-09T10:39:00
New car registrations dropped by 24.6% to 106,265 units compared to October last year, while plug-in vehicle uptake remained positive in the month before the COP26 climate conference in the UK.
Monthly vehicle sales performance has been dire, marking its weakest level since October 1991. Demand from large fleets fell by 40.4%, driving the majority of the decline.
Private demand also fell by 3.3%. While this decline appears small, it is significant compared against weak consumer increase seen during the pandemic-afflicted October 2020.