Record-Breaking UK Car Sales in February Fueled by Surge in Electric Vehicle Purchases
Tuesday, 5 March 2024, 13:46
Overview
UK new car sales hit a 20-year high in February.
Key Points
- Record-breaking performance with 14% year-on-year growth.
- Commercial fleets drove the surge in sales.
- Private uptake of EVs declined slightly.
Details
Purchases of electrical vehicles for commercial fleets power a 14% year-on-year rise in new car sales. Even as private EV uptake declined, the UK saw the highest February figure in two decades, with 84,886 vehicles sold. Society of Motor Manufacturers and Traders (SMMT) reported the growth, indicating a strong performance in the automotive sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.