UK New Car Registrations (SMMT): June 2020: Sources Suggest Another Decline, But Not As Significant As The Decline Witnessed in May 2020!

new car registrations

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The Society of Motor Manufacturers and Traders (SMMT) is expected to release the latest data on new car registrations (June 2020) early next week. However, according to Car Dealer magazine, the market expectation is that the decline will not be as severe as witnessed in May 2020 or previous months in 2020, as dealers in England returned to business in June 2020. Expectations are for a 35% market decline.

We at e-zoomed expect battery-electric vehicles (BEVs) to continue to have performed well in June 2020, as has been the case for previous months in 2020.

A Reminder Of The Results From March 2020, April 2020 & May 2020

new car registrations may 2020 smmt
Car Registrations: May 2020 (credit: SMMT)

May 2020 witnessed a continued increase in the registration of battery-electric vehicles (BEVs), despite a significant contraction in the sales of petrol and diesel internal combustion engine (ICE) cars.  Petrol new car registrations were down by a whopping 90.5% in May 2020, compared to May 2019.  Diesel performed even worse, with a 93% decline.  Of greater consequence is the significant change in market share for internal combustion engine cars.  Diesel market share decreased from 26.7% to 17% between May 2019 and May 2020 and petrol market share declined from 63,7% to 55.1%.  

April 2020 witnessed a market decline of 97.3% and March 2020 a decline of 44.4%. However BEVs only declined by 9.7% in April 2020 and increased by 197.4% in March 2020.

new car registrations 2020 smmt
Car Registrations: April 2020 (credit: SMMT)
new car registrations 2020 smmt
Car Registrations: March 2020 (credit: SMMT)

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Ashvin Suri

Ashvin has been involved with the renewables, energy efficiency and infrastructure sectors since 2006. He is passionate about the transition to a low-carbon economy and electric transportation. Ashvin commenced his career in 1994, working with US investment banks in New York. Post his MBA from the London Business School (1996-1998), he continued to work in investment banking at Flemings (London) and JPMorgan (London). His roles included corporate finance advisory, M&A and capital raising. He has been involved across diverse industry sectors, to include engineering, aerospace, oil & gas, airports and automotive across Asia and Europe. In 2010, he co-founded a solar development platform, for large scale ground and roof solar projects to include the UK, Italy, Germany and France. He has also advised on various renewable energy (wind and solar) utility scale projects working with global institutional investors and independent power producers (IPP’s) in the renewable energy sector. He has also advised in key international markets like India, to include advising the TVS Group, a multi-billion dollar industrial and automotive group in India. Ashvin has also advised Indian Energy, an IPP backed by Guggenheim (a US$ 165 billion fund). He has also advised AMIH, a US$ 2 billion, Singapore based group. Ashvin has also worked in the real estate and infrastructure sector, to including working with the Matrix Group (a US$ 4 billion property group in the UK) to launch one of the first few institutional real estate funds for the Indian real estate market. The fund was successfully launched with significant institutional support from the UK/ European markets. He has also advised on water infrastructure, to include advising a Swedish clean technology company in the water sector. He is also a member of the Forbury Investment Network advisory committee. He has also been involved with a number of early stage ventures.

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