Car Market Overview – January 2025

This monthly overview provides an update on the current state of the new and used car markets in the UK. We report on new car registrations up to the end of November 2024 and provide insights into used car activity as of the date of writing. All information is correct as of December 19th 2024.

According to the latest data from the Society of Motor Manufacturers and Traders (SMMT), new car registrations in the UK declined by 1.9% in November, with 153,610 vehicles registered. This marks the second consecutive month of decline and the third drop in four months as the market works to meet the UK Government’s targets under the Vehicle Emissions Trading Scheme (VETS), previously known as the Zero Emission Vehicle (ZEV) mandate. Compared to November 2019 (pre-pandemic), total registrations reflect a decrease of 1.92%.

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