UK PC Registrations—Rolling 12 Months to End June 2009
Up to the end of June 2009, UK Passenger New Car Registrations were down 574,917 units, around 24%. More importantly, June registrations showed signs of a significant reduction in the pace of decline. Since July 2008, double-digit percentage losses have been recorded. Between September 2008 and April 2009, the fall in the market was between 20% – 30% compared to the same month the year before. However, in June 2009 the decline rate abated to at around 15%. Many commentators suggest that this is The impact of the UK Scrappage Scheme – launched 18th May, which may have contributed some 10,000+ units, but the market was up 35,000 units against the rolling trend. However, June is usually 15% up on May in any case. This suggests normal seasonal factors are at work, rather than the vaunted ‘green shoots of recovery’. Let’s all watch the trend..