UK New Car Sales Reach 1 Million in First Half of 2024

Fleet purchases drive growth as private buyer demand declines, electric vehicle market remains steady.

New car sales in the UK increased by 5% year-on-year in the first half of 2024.
Private buyer demand for new cars has declined for eight consecutive months.
Fleet and business purchases have significantly contributed to the market growth.
Electric vehicle market share remains consistent at around 16-17%.
Economic conditions and rising new car prices are affecting private buyer decisions.