Enquire About Our Bespoke Finance Solutions
In September 2024, over 275,000 new cars were registered, with figures being significantly influenced by EV sales. With over 20% of sales in September being from EV’s, and with the government’s 22% target of new cars sold being electric, this figure is getting closer to the ZEV mandate. However, September is likely to be an outlier, as around 18.5% is likely to be the figure for electric car sales by the end of the year.
For petrol and diesel cars, market share dropped by both by 9.3% and 7.1% respectively. Data shows a continuing down trend for diesel cars, with them making up 6.4% of monthly sales, with petrol vehicles being the largest share, with a little over 50% of new cars being petrol.
Likely reasons for the decrease in internal combustion engine vehicles can be put down to fleet sales and company car tax, as both hybrid and electric vehicles both are favourable for reduced taxes.
For September, the most popular models sold were the Kia Sportage, the Ford Puma and the Nissan Juke.
If you need any more information, email enquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.
Have Any Questions?
Qualified Team Available
MAF Finance Group has won broker deal of the year in the 2024 Leasing World Going Further Gold Awards.
New figures in September have shown that one in every five 74 plate vehicles are EV's.
MAF Finance Group has been shortlisted for an incredible four awards at this year’s Leasing World Gold Awards.
Understanding the Circular Economy and Recycling with Opportunities for Asset Finance and Sustainable Investment
The latest asset finance data shows that new business has grown in July.
The Growth Guarantee Scheme (GGS) is set to support 11,000 businesses across the UK.