March 2023 UK new car registrations; Tesla Model Y- the best-selling car.
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March 2023 UK new car registrations; Tesla Model Y- the best-selling car.

March 2023 sees a record monthly high of 46,626 Battery Electric Vehicle deliveries in the UK, representing a growth of 18.6%.

The UK new car registrations is showing promising signs of recovery as it bounced back by 18.2% in March 2023, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). This surge marks the best ‘new plate month’ performance since before the pandemic, with 287,825 units delivered. The new car market has now recorded eight consecutive months of growth, as supply chain challenges gradually ease.

The first quarter of 2023 is also the strongest since 2019, with just under half a million new cars joining the road, representing an additional £2.7 billion of deliveries, indicating the contribution the sector can make to UK economic growth. Despite this growth, the market is still significantly below pre-pandemic levels, down 29.5% in Q1 2019.

Battery electric vehicle (BEV) deliveries hit a new monthly record in March 2023, with 46,626 units registered, marking an 18.6% increase. Although the BEV market share remained almost the same as last year at 16.2%, registrations of plug-in hybrids (PHEV) grew by 11.8%. Consequently, plug-in registrations made up 22.4% of the market, which is a slight decline from 2022.

The biggest growth, however, was in hybrids (HEVs), with a surge of 34.3%, which helped electrified vehicles account for more than one in three registrations for the month. Overall, the new car market’s positive growth in March 2023 demonstrates that consumer confidence is gradually returning, and the sector is on the path to recovery.

The Tesla Model Y was the best-selling car in the UK in March 2023, with 8,123 deliveries.

March 2023 sales:

  • BEV - 46,626
  • PHEV - 17,933
  • HEV - 37,252
  • MHEV Diesel - 12,944
  • MHEV Petrol - 42,768
  • Diesel - 11,024
  • Petrol - 119,278
  • TOTAL - 287,825

March 2023 best-selling models in the UK:

  1. Tesla Model Y - 8,123
  2. Nissan Juke - 7,532
  3. Nissan Qashqai - 6,755
  4. Kia Sportage - 5,888
  5. Hyundai Tucson - 5,680
  6. Ford Puma - 5,652
  7. Vauxhall Corsa - 5,588
  8. MINI - 5,401
  9. Toyota Yaris Cross - 5,214
  10. Ford Fiesta - 4,792

Also Read: Volkswagen to unveil its new all-electric ID.7 flagship model on 17 April.

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