Car Market Overview – February 2025

This monthly overview offers an update on the current new and used car markets in the UK. We will be reporting on new car registrations up to the end of December 2024, as well as used car activity as of the time of writing. Please note that all information is accurate as of January 27th, 2025.

According to data from the Society of Motor Manufacturers and Traders (SMMT), 140,786 cars were registered in December 2024, reflecting a minimal decrease of 0.2% or 306 units compared to the same month in 2023. This marks the end of a challenging year for the industry, as manufacturers diligently sought to boost demand for electric vehicles to meet newly established sales targets.

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