Press releases

New car registrations hit with double digit decline in October

6 November 2017

Commenting on the latest car registration figures from the Society of Motor Manufacturers and Traders, which show a significant decline of 12.2% to 158,192 units, Jamie Hamilton, UK Automotive Director at Deloitte said:

“Today’s data and those over the past couple of months show the industry is facing a number of tough challenges, including fragile consumer confidence and conditions in the wider economy. A more specific issue is the uncertainty over potential future levies on diesel vehicles which has contributed to a year-on-year decline in diesel sales of nearly one third.

“One positive factor is the strength of the global car industry, with UK production for the international market still at very high levels.

“All big manufacturers view electric vehicles as an opportunity on the other side of this challenging period. The UK is well-placed for future production of such vehicles, with solid investment in robotics to meet future demand.”

End

Notes to editors

About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit www.deloitte.co.uk. For more information, please visit www.deloitte.co.uk.

Member of Deloitte Touche Tohmatsu Limited.

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