Unfortunately, 2018 has not been a particularly good year for some motor traders involved in the sale of new cars as, according to information published by the Society of Motor Manufacturers and Traders (SMMT), there has been quite a fall in the number of new cars registered when compared with the previous year.
In 2018, there were 2,367,147 new cars sold here in the UK whilst in 2017 there were 2,540,617. That is a fall of 173,470 with this representing a drop of 6.8%. Obviously these figures are concerning but let us break them down a little further.
For instance, what really does stand out is the huge drop in the number of motorists who still chose a new car fuelled by diesel. In 2017, there were 1,065,942 yet in 2018 this had fallen by 315,777 to 750,165. That is a drop of 29.6%. New petrol cars saw an improvement with 1,475,712 new petrol cars sold in 2018 compared to 1,357,782 in 2017 – an increase of 8.7%. New AFVs saw an impressive performance in 2018 with 141,270 being sold whereas in 2017 the figure was 116,893 – that is a rise of 20.9% and it will be interesting to see if we see their popularity continue to grow in 2019. We are certainly seeing an increasing number of AFV charging points in various locations around the UK.
The figures for the market share of new diesel, petrol and AFVs are also interesting with the market share for diesel cars dropping from 42% in 2017 to 31.7% in 2018, the market share for petrol cars increasing from 53.4% in 2017 to 62.3% in 2018 and the market share for AFVs increasing from 4.6% in 2017 to 6% in 2018.
So, what were the top 5 best selling new cars in 2018?
- Ford Fiesta 95,892
- Volkswagen Golf 64,829
- Vauxhall Corsa 52,915
- Nissan Qashqai 50,546
- Ford Focus 50,492
It is pleasing to see Ford featuring in the top 5 with two of their models and Vauxhall with one.
If you are looking to replace your car then why not get in touch with us here at AIB Insurance on 02380 268 351 and, having discussed your requirements, we will gladly obtain a competitive car insurance quotation from our extensive panel of closely vetted insurers. Over the years, we have possibly arranged cover on most makes and models of cars.
Here in the UK, it probably does not come as a surprise to many motorists to hear that quite a lot of car owners are switching to electric vehicles. In fact, in the first 3 months of this year, in excess of 115 electric cars were registered on a daily basis.
As the number of electric cars on our roads increase there will no doubt need to be a good supply of charging points. Presently, most owners of electric cars charge their vehicles up at home overnight. However, there are electric charging stations located at 98% of motorway service stations that are dotted around various parts of the UK.
Some interesting research has been carried out by Nissan, who like many car manufacturers build electric vehicles, into the number of petrol stations and public electric charging points. For instance, back in 1970 there were 37,539 petrol stations yet by the end of last year there were only 8,472. It is the opinion of Nissan that by August 2020 the number of petrol stations could have dropped to less than 7.870.
In recent years, the number of public electric car charging locations has increased quite significantly. For instance, by the end of 2012 there were 913, by the end of 2013 there were 1,962, by the end of 2014 the numbers had grown to 2,775 and by the end of last year there were 3,646 locations. It is predicted by Nissan that by August 2020 the number of public electric car charging locations could have reached 7,898.
As you can see, by the summer of 2020, it is forecast that, if the above patterns continue, there will be more electric car charging locations here in the UK than there will be petrol stations. How many people would have thought that this could potentially happen 10 years ago?
Do bear in mind if you are considering purchasing an electric car why not give us a call here at AIB Insurance and we will gladly obtain a competitive quotation to insure your new vehicle without any obligation on your part.