In numbers: car sales growth in Britain during 2024
The market reached a record level, and the association stated that the number of new cars registered in Britain during 2024 increased by 2.6% annually to 1.953 million cars.
Car sales in Britain
This came compared to 1.903 million cars during 2023, while it decreased in December by 0.2%, which ends a year full of challenges for the automobile industry.
Companies are seeking to stimulate demand for electric vehicles in an attempt to achieve targeted sales of these cars, according to the association.
Sales growth in 2024 was driven entirely by wholesale sales, which grew by 11.8%, while private car sales fell by 8.7%, which is below sales levels in the year of the emerging coronavirus pandemic in 2020.
Share of gasoline-powered cars
The Association of Motor Manufacturers and Traders revealed that the main impediment to growth was weak demand from individual buyers, with only one in 10 buyers choosing an electric car in 2024.
The gasoline-powered car market remained the most popular, accounting for 61% of the market, with hybrid electric cars occupying second place with a share of 16%.
The share of pure gasoline-powered cars declined to 4.4% and pure diesel to 13.6% of the market, as more buyers switched either to electric vehicles, which operate on batteries, or to low-emission hybrid electric vehicles and plug-in hybrid vehicles.
The automobile industry in Britain
The share of battery-powered electric cars reached 19.6% of the market during the current year, while the target percentage is 22%.
Reports revealed that the British automobile industry is on the right track to achieve the electric car sales requirements set by the government.
New analyzes released in Britain indicate this, despite some manufacturers complaining that the target is “too harsh,” according to the British PA Media agency.
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