The car market turned upside down in July, said Sean Kemple, MD of Close Brothers Motor Finance.
The bounce back from near-zero sales in April to a 11% uplift in July reflects the momentous release in pent-up demand because there is usually a summer slump, but 2020 has been anything but normal.
Right now it’s the used car market where the real growth is taking place, reports Alex Buttle, director of one car selling comparison site.
“Many buyers looking to change their cars at the moment don’t want to stretch their budgets with so much economic uncertainty swirling around.”
Battery electric vehicles registrations last month rose by 259.4% over the same time last year, said Sue Robinson, director of the National Franchised Dealers Association.
Demand from private consumers increased by 20.4% and fleet by 5.2%, as the UK new car market grew by 11.3% to 174,887 total but diesel cars declined by 25.9% and petrol rose by just 0.3%.