Car registrations

Car registrations continue to lift in November

3 Dec 2021

Our take on the latest Car registrations (Fri 3 Dec 2021)

New car registrations rise 40%pa in November
Used car registrations up 19%pa
Full battery EVs make up 5.5% of registrations since July

The key numbers...

  • Total first-time car registrations rose to 22,573 in November, as all passenger vehicle classes posted solid annual gains.
  • New cars continue to lead the recovery efforts, up 40%pa, driven by a further boost in new small cars. Used cars rose too, up 19%pa.
  • New small car registrations are 26% higher than the same pre-pandemic period in 2019, the largest increase of all classes.
  • Annual new car registrations are sitting 6% above pre-pandemic levels and are now back above the high levels seen between 2017-19. However, used cars remain in a weaker position, down 13% from pre-pandemic times.
  • Although rental car registrations are slowly rebuilding, they have remained less than half of their pre-pandemic levels over the last year.
  • Full battery EVs have doubled their share of registrations since the Clean Car Programme began in July, accounting for 5.5% of total registrations over the last five months. Although diesels have maintained their usual share, hybrids have increased to nearly 20%, and petrol registrations have slipped back from 74% to 68% over the same period.

Rising EV focus

% of total new and used registrations
4098

...and our reaction

  • Car registrations strengthened further in November, reinforcing the still upbeat view from consumers to spend and make larger purchases.
  • New cars continue to rise stronger than used cars, as the shrinking price difference makes a new car a more realistic choice. Since the start of the pandemic, new car prices have been broadly flat, but used car prices have surged 13%!
  • Although car supplies continue to improve, in reality they are still playing catch up and production challenges around the world will weigh on car availability for a while yet. Deloitte now expect the semiconductor chip shortage will persist until 2023.
  • The strengthening focus on lower emission vehicles due to the Clean Car Programme is expected to continue into 2022, especially as higher-emitting vehicles have a higher fee from next year.