The UK’s new car market saw a 5% decrease in July, with 140,154 units registered, the lowest figure since 2022. Demand dropped across private and fleet buyers, but the business sector saw a 10.4% increase. Electric vehicle registrations showed growth, with PHEVs up 33% and BEVs up 9.1%. BEV growth was modest compared to previous periods, influenced by delays in confirming eligible models for the Electric Car Grant. BEVs’ market share increased to 21.3%, falling short of the ZEV Mandate target of 28%. HEVs saw a 10% decline, and petrol and diesel vehicles dropped by 14%. Year-to-date figures show a 2.4% increase, with an upward adjustment to 1.9 million units for 2025. SMMT chief executive Mike Hawes emphasized the need for consumer certainty to boost demand. The UK automotive sector has made progress in reducing environmental impact, with a 2.4% decline in production energy use and 6.2% reduction in new car CO₂ emissions.

Read more at Yahoo Finance: UK car market drops 5% in July: SMMT