UK new car registrations declined by -3.4% last month, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).
Declines were seen across almost every vehicle segment.
However, superminis – Britain’s favourite vehicle type – saw a 4.3 per cent increase in demand.
Following the trend of recent months, diesel registrations fell -21.4 per cent while petrol demand grew 5.1 per cent.
Meanwhile, demand for alternatively fuelled vehicles (AFVs) increased by 7.6 per cent with 25,302 registered, the biggest March volume on record.
Alternatively fuelled vehicle demand expected to grow
With almost 40 plug-in models on the market in the UK, and over 20 more expected to arrive in 2019, demand for these new technologies is expected to continue to grow.
Technological innovation is not restricted to powertrains, however, with cutting-edge technology helping to improve driver comfort and safety.
Latest data shows that new driver assistance technology that mitigates driver error and prevents accidents is now available on almost eight in 10 new cars on the road.
Driver assistance tech
Last year, 1,848,394 new cars joining UK roads offered at least one self-activating safety system, either as standard or as an optional extra, including autonomous emergency braking (AEB), adaptive cruise control and overtaking sensors.
AEB is now available on seven in 10 cars, with over half of cars registered featuring the technology as standard.
Meanwhile, overtaking sensors and adaptive cruise control were available to 51.9 per cent of buyers.
The latest figures come as SMMT launches a major new report showing UK consumers could be among the first in the world to benefit from self-driving vehicles.
Provided the conditions are met, the rollout of connected and autonomous technology could prevent 47,000 serious accidents and save 3,900 lives over the next decade – with an overall £62 billion economic opportunity by 2030.
However, the ability to realise this is dependent in part on the UK leaving the EU with a deal that benefits the automotive industry.
The SMMT say a ‘no deal’ scenario would have a devastating impact on investment and our hard-won reputation – risking the UK’s position as a leading global market and a centre of excellence for innovation.
Mike Hawes, SMMT chief executive, said: “March is a key barometer for the new car market, so this fall is of clear concern.
“While manufacturers continue to invest in exciting models and cutting-edge tech, for the UK to reap the full benefits of these advances, we need a strong market that encourages the adoption of new technology.
“That means supportive policies, not least on vehicle taxation and incentives, to give buyers the confidence to invest in the new car that best meets their driving needs.
“Above all, we urgently need an end to the political and economic uncertainty by removing permanently the threat of a ‘no deal’ Brexit and agreeing a future relationship that avoids any additional friction that would increase costs and hence prices.”
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