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  • Car Mechanics

    CM Insider

    Jan 22, 2021 5 minutes

    UK car market falls by almost a third in 2020

    ► Enforced showroom closures have driven overall demand in the UK new car market down by 29.4% in 2020, equivalent to £20.4billion in lost turnover. In addition, annual new car registrations are down 1.63 million in what has been the most difficult year for the market since 1992.

    However, it’s not all doom and gloom for manufacturers, as last year was also the best on record for electric cars, with battery and plug-in hybrid models gaining up to 10.7% of market share.

    The success in the electric sector is set to continue through 2021, with DriveElectric reporting that at least 200,000 new battery electric vehicles are set to be registered in the UK over the coming months.

    Volkswagen Group has also reported record market share in the face of global challenges, and Peugeot has also

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