CMI Pack June 2024

A changing car ownership shows fleet is driving demand in new car sales. Over half of new sales are fleet, as private buyers continue to feel the cost of living crisis

NewCar Registrations (000s) 2022 1,614

NewCar Registrations (000s) 2023​ 1,903

2%

3%

Private Fleet Business

51%

43%

47%

55%

• Fleet is driving growth in new car sales (55%) vs private (43%)

• In 2023, fleet saw a 39% year on year growth, while business registrations fell by -1.5%. Private consumer demand saw a -0.1% decline over the same period.

Source: SMMT, GiPA

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