Top 10: UK car sales Q1 2022
Following a particularly poor March, UK new car registrations for the first quarter of 2022 totalled 417,560 units. That was down by 7,965 versus 2021’s equivalent figure of 425,525.
Much of the decline is still being blamed on production issues caused by a global semiconductor shortage. However, a look at the statistics suggests that changing demand might also have had an effect. Indeed, sales to private buyers actually grew by over 20 percent, but this rise was offset by reduced orders from fleets.
Similarly, not every manufacturer was affected in the same way. For example, Hyundai and Kia saw their registrations increase year-on-year by 47 and 57 percent respectively.
Conversely, Volkswagen (which was the country’s leading brand in 2021 with a market share of 9.0 percent) suffered a 27 percent year-on-year volume drop. It ended up with a cumulative 2022 market share of just 6.3 percent.
To further illustrate the point, the top ten models list doesn’t contain any Volkswagen products. The Vauxhall Corsa remains the most popular choice, ahead of the Kia Sportage.
Other notable appearances include the Tesla Model Y and Model 3. Together, they helped the number of battery-electric registrations to more than double. Consequently, ‘alternative’ fuel vehicles now account for 34 percent of the total.
Related posts:
Top 10: UK car sales 2021 - winners and losers
Top 10: UK car sales 2021
Much of the decline is still being blamed on production issues caused by a global semiconductor shortage. However, a look at the statistics suggests that changing demand might also have had an effect. Indeed, sales to private buyers actually grew by over 20 percent, but this rise was offset by reduced orders from fleets.
Similarly, not every manufacturer was affected in the same way. For example, Hyundai and Kia saw their registrations increase year-on-year by 47 and 57 percent respectively.
Conversely, Volkswagen (which was the country’s leading brand in 2021 with a market share of 9.0 percent) suffered a 27 percent year-on-year volume drop. It ended up with a cumulative 2022 market share of just 6.3 percent.
To further illustrate the point, the top ten models list doesn’t contain any Volkswagen products. The Vauxhall Corsa remains the most popular choice, ahead of the Kia Sportage.
Other notable appearances include the Tesla Model Y and Model 3. Together, they helped the number of battery-electric registrations to more than double. Consequently, ‘alternative’ fuel vehicles now account for 34 percent of the total.
Related posts:
Top 10: UK car sales 2021 - winners and losers
Top 10: UK car sales 2021
Comments
Post a Comment