Demand for new cars by private buyers declined in June

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The overall new car market during the first six months of 2024 was up by around 5 compared with the same period last year.

Purchases of new cars by private buyers declined in June compared with the same month last year, preliminary figures show.

This means more than one million new cars were registered in the first half of the year for the first time since 2019. The market share of pure battery electric new cars remained on a par with last year, at around 16-17%. “With average new car prices rising almost 40% over the last five years, it’s clear cost is the culprit.

 

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