DWF logo

Search

DWF logo

            New car market misfires in May

            DWF Partner Jonathan Moss comments on the SMMT car registration figures.

            Date: 05/06/2019

            Commenting on the SMMT car registration figures, Jonathan Moss, partner and head of transport at DWF said:

             

            "New car registrations figures have again declined 4.6% in part because of the current economic and political ambiguity around the impact of Brexit and uncertainty around the changes in political leadership.

             

            "Diesel car registration numbers in particular have seen the biggest drop (-18.3%) owing to the widespread and on-going anti-diesel sentiment, which has developed in the face of policy and regulatory turmoil, and which has hindered business' and consumer's confidence across the board.  Despite this, diesel vehicles still represent a significant instrument towards meeting current environmental targets, being 15%-20% more efficient that their petrol equivalent, which, on the other hand, have seen a marginal increase in registration figures. These figures certainly put additional pressure on the government, as the slow decline in petrol vehicle registration is insufficient to meet ambitious CO2 emission targets. 

             

            "On the other hand, AFVs (Alternatively Fuelled Vehicles) continue to see a solid period of growth. Nevertheless, this growth is not sufficient to tip overall registration figures into overall growth. Policy makers need to devise much more aggressive incentives strategies, in order to make AFV vehicles significantly more affordable and appealing to customers who are impeded by the high price tags for the electric cars and electric hybrid vehicles.

             

            "From an industry perspective, the current market also puts a significant strain on manufacturers, who are dealing with increasing pressure on carbon emission standards in the face of significant uncertainty and declining registrations numbers."

             


            For more information, please contact:

            Nahidur Rahman, Senior PR Manager

            Tel: +44 7851 796943

            Email: nahidur.rahman@dwf.law

            Alternatively, contact the DWF press office on press.office@dwf.law 

             

            Related people

            Jonathan Moss

            • Partner // Global Head of Transport Sector // Head of Marine & Trade

            We use cookies to give you the best user experience on our website. Please let us know if you accept our use of cookies.

            Manage cookies

            Your Privacy

            When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. We mainly use this information to ensure the site works as you expect it to, and to learn how we can improve the experience in the future. The information does not usually directly identify you, but it can give you a more personalised web experience.
            Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change permissions. However, blocking some types of cookies may prevent certain site functionality from working as expected

            Functional cookies

            (Required)

            These cookies let you use the website and are required for the website to function as expected.

            These cookies are required

            Tracking cookies

            Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

            They may also be used to personalise your experience on our website by remembering your preferences and settings.

            Marketing cookies

            These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.