The share of new passenger car registrations in the total new motor vehicle registrations in the UK is forecasted to remain stable at 98.11% from 2024 to 2028. In 2023, this share stood similarly, indicating no expected year-on-year variation through the forecast period and a consistent compound annual growth rate (CAGR) of 0% over these five years.

Future trends to watch for:

Potential shifts in consumer preferences toward electric vehicles, which may alter the dynamics of new car registrations.
Regulatory changes and incentives aimed at reducing emissions could impact the proportion of passenger car registrations in new motor vehicle sales.
Economic factors, such as interest rates and inflation, may influence market stability and consumer purchasing power.