Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo

Fleet market rises while diesel registrations decline

According to latest data published by SMMT, new car registrations saw a slight downturn in February, with rising fleet demand helping to counter a downturn in private registrations.


Fleet demand helped drive the market, with 45,699 cars registered in February.

A total of 83,115 vehicles were registered in February, down 0.3%. Fleet demand helped drive the market, with 45,699 cars registered, up 3.3%, while private demand fell -4.4% to 36,018 units and sub-25 ‘business’ registrations declined -5.3% to 1,398.

Diesel registrations fell -9.2% compared to the same month in 2016 while demand for petrol models rose 5.8%. And the market for alternatively fuelled vehicles (AFVs) hit a record 3,308 registrations, up 48.9% on February 2016 and taking a 4.0% market share.

Mike Hawes, SMMT chief executive, said: “February is traditionally one of the quietest months of the year and a steady performance was expected following another year of record growth in 2016. We expect to see the market bounce back in March as buyers take advantage of the new ’17-plate, as well as the last chance to buy a car eligible for current lower VED rates before they change on 1 April.”

Year to date, the new car market remains 1.8% ahead on the first two months of 2016, with 257,679 units registered. Fleet registrations were up 2.0% to 136,886 units, with the sector’s market share up from 53.0% to 53.1%, although business registrations declined 1.8% to 8,053 units. Private demand rose 1.8% to 112,740 units.

For more of the latest industry news, click here.

Related Post

Natalie Middleton

Natalie has worked as a fleet journalist for 14 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie works across the magazine portfolio and updates the company websites with daily news, interviews and road test content.

Strict Standards: mktime(): You should be using the time() function instead in /var/www/vhosts/ on line 347