The number of car sales rose by 14.3% in October compared to last year, according to data from the Society of Motor Manufacturers and Traders (SMMT).
Last month saw 153,529 new cars registered, with electric vehicles accounting for a third (37%) of every new registration.
October saw car sales shoot up to its highest amount during the month since 2018 and 7.2% more than in 2019.
The 15th consecutive month of growth in the industry was attributed to large fleet registrations, which grew 28.8% to reach 87,479 units.
Despite only marginally increasing their overall share of vehicles on the road, the number of battery electric vehicles (BEVs) sales grew for the 42nd consecutive month.
Currently, BEVs make up 15.6% of all new car registrations – a small rise from 14.8% in 2022.
Drivers yet to go full speed on electric vehicle purchases
Since last year there have been an expansion of the ultra-low emission zones (ULEZ) areas in London, which could have led to a bigger increase in sales.
However, the Government’s decision to push back the ban on petrol and diesel vehicle sales from 2030 to 2035 means motorists may be less inclined to go greener now. This is reflected in the new market outlook which sees another year of growth in the car industry, but with BEV uptake expectations downgraded slightly.
In September, thanks to a new ‘73’ registration plate, sales for cars during the month soared to 272,610 but BEV purchasese have not matched those heights.
Mark Oakley, director of AA Cars, said: “September’s jump in sales – which came as drivers snapped up vehicles with the coveted, brand new 73 plates – was no flash in the pan.
“Today’s October data confirms that new car sales have risen for an incredible 15 months in a row, and demonstrates the resilience and adaptability of the automotive industry.
“The supply issues which previously plagued dealerships continue to ease as a wave of fresh models hits forecourts. The UK’s car production revved up by an impressive 39.8% in September compared to the same month last year, hitting its highest level of 2023 so far.
“While EVs are more expensive than comparable petrol or diesel models, each month also sees thousands of second-hand and nearly-new EVs and hybrids make their way into the used market – which offers a more affordable option for potential buyers.
“Time will tell if the government’s decision to delay the ban on the sale of new petrol and diesel cars to 2035 will put a speed bump on the road to wider EV adoption. Overall though, today’s numbers are a triumph for the motor industry, and signal dealers’ success at helping buyers make big ticket purchases even against the challenging economic backdrop.”
