February 6, 2023

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Fleet sales growth masks ongoing new car sales turbulence

Buyer new vehicle revenue have been down by about 4% compared to the exact month last yr in a disappointing September end result for the car or truck marketplace, though fleet sales have finally demonstrated some indications of lifestyle.

The monthly new auto registration figures revealed this early morning by the Modern society of Motor Producers and Traders (SMMT) replicate the ongoing chaos inside of the new vehicle marketplace, with almost nothing to genuinely suggest we’re heading to finish 2022 on a high.

General quantities ended up up by just below 5% compared to the very same month past year. But, then again, last September was the worst September final result in just about 25 yrs, so getting a little far better than the worst end result in a quarter of a century isn’t a large stage ahead.

The advancement was mostly owing to elevated fleet registrations, which had been up 12% on previous calendar year (but then final yr was down 43% on the 12 months before…). In the meantime, personal new auto profits were being down 4% on final 12 months, which in switch was down 25% on the yr just before.

September 2022 new car sales
Source: SMMT

EVs proceed to expand, plug-in hybrids go on to tank

The SMMT launch was unhelpfully misleading with a headline boasting that the British isles had hit a ‘one million EV milestone’. Even so, this in fact consists of plug-in hybrids, which are fast turning out to be the variety of car that no-just one wishes.

Plug-in hybrids utilized to outsell good EVs as auto potential buyers were being hesitant to entirely slash the cord with fossil fuels and dedicate to an all-electric powered automobile. But with the most current era of EVs giving more than than plenty of battery vary for most residence demands, the plug-in hybrid has fallen massively out of favour.

After the very first 9 months of the calendar year, plug-in hybrid income are down 15%, whilst full EV income are up 40% and common hybrids (that can’t be plugged in) are up 18%.

Meanwhile, diesel gross sales keep on to fall but that is not particularly news, since they’ve been carrying out that pretty much every single thirty day period because about 2016.

Supply: SMMT

Good thirty day period, poor month

Ford powered its way again to the leading of the general gross sales charts with a potent month as supply improved for its most effective-marketing models (Fiesta, Kuga, Puma). Volkswagen also did properly, putting next in the all round product sales charts in spite of Golfing still underachieving. Toyota was third, in advance of Kia, Nissan and BMW. Nissan’s potent thirty day period was mostly many thanks to an enormous final result for the Qashqai (see underneath).

Across the market, it was a further month of incredibly blended fortunes. A number of brand names did pretty very well, although several extra have been significantly beneath par.

There was great information for Cupra, Ford, Genesis, MG, Mini, Nissan, Polestar, Porsche, Tesla and Volkswagen, who all outperformed the in general marketplace benefits by at least 10%.

Meanwhile, there was no this sort of cheer for Abarth, BMW, Fiat, Honda, Jaguar, Jeep, Kia, Land Rover, Lexus, Maserati, Peugeot, Renault, SEAT, Wise, SsangYong, Subaru, Suzuki, Toyota, Vauxhall and Volvo. All of these brands underachieved in opposition to the general marketplace by at least 10%.

Storming thirty day period for British-built Qashqai

The Nissan Qashqai, developed in Sunderland, topped the new automobile sales charts in September with a exceptional overall performance. Extra than 9,300 Qashqais were registered for the month, which was 1,000 extra than another gorgeous efficiency from the second-positioned Tesla Product Y.

Tesla has form more than the last couple of a long time of co-ordinating its new motor vehicle deliveries to top the charts in key months, and 8,300+ Design Ys ought to have done the exact in September – for reference, final year’s finest seller in September was the Tesla Model 3, which logged less than 7,000 registrations.

In contrast, the Vauxhall Corsa fell out of the best 10 completely. Mixed with the enormous consequence for the Qashqai, the 2022 new motor vehicle gross sales race has quickly been thrown vast open.

Source: SMMT

Practically one thirty day period ago, I wrote: “With 4 months to go, the Corsa holds a much greater lead than it did at this time previous yr. So unless Vauxhall has some variety of finish-of-year sales meltdown, the Corsa appears to be set to keep its crown.”

Well, the Corsa didn’t quote have a meltdown (it even now sold about 3,400 cars, which is perfectly down on the identical month last calendar year but rarely a catastrophe), but the mixture of a lousy thirty day period moreover the Qashqai’s barnstorming month indicates that the two cars and trucks are divided by only 8 gross sales right after 9 months.

Could we see the Qashqai acquire the 2022 revenue crown and turn into the to start with British-crafted auto to prime the profits charts in a incredibly extended time (I don’t actually even know how prolonged, but unquestionably well above a decade)?

We’ll have our regular top rated-10 investigation in the future working day or so.