• New car demand in June takes a dive after 14 months of growth

  • Jul 5 2024
  • Duración: 1 m
  • Podcast

New car demand in June takes a dive after 14 months of growth

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  • Official V-Facts car sales figures for June showed a market decline, the first time
    new car sales have faltered in the last 14 months. The result is surprising given
    June is historically our biggest month for new car sales and perhaps reflects the
    rising cost of living pressures. Despite the June dip, sales in the first six months
    of the year showed a year-to-date increase of 8.7 percent, tallying 632,412
    vehicles and beating the previous six-month record set in 2018. Eight percent of
    new vehicles sold in June were electric down slightly from 8.8 percent for the
    same month last year. However, Tesla sales suffered a 33 per cent decline.
    Despite the dip in electric vehicle sales there was strong demand for hybrid
    models, up 71 percent compared to June last year and year-to-date up a healthy
    113 percent. I’m David Berthon

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