Car Market Overview – March 2025

This monthly overview offers an update on the current new and used car markets in the UK. We will be reporting on new car registrations up to the end of January 2025, as well as used car activity as of the time of writing. Please note that all information is accurate as of February 24th, 2025.

According to data from the Society of Motor Manufacturers and Traders (SMMT), 139,345 cars were registered in January 2025, reflecting a decrease of 2.5% or 3,531 units compared to the same month in 2024. Many manufacturers had hoped to start the year with strong sales; however, challenges faced by both fleet and private buyers, coupled with weak economic confidence, have hindered this goal. Additionally, January marked the fourth consecutive month of decline, an unwelcome trend and one that has been significantly influenced by the introduction of the Vehicle Emissions Trading Scheme (VETS).

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