UK Sees 6.6% Increase in New Car Registrations in March; Ford Ranks Among Market Share Leaders

MT Newswires Live04-07

New vehicle registrations in the UK rose 6.6% year over year in March to 380,627, with Ford Motor (F) as one of the month's market share leaders, the Society of Motor Manufacturers and Traders or SMMT said in a Tuesday report.

Ford vehicle registrations in March declined by roughly 19% to 19,178, but the company still cornered more than a 5% market share for the month, according to data from SMMT.

Data from SMMT also showed that Toyota (TM) car registrations fell by 7.6% to 17,105, while its Lexus brand saw a 2.6% fall in registrations to 2,674.

Meanwhile, Stellantis' (STLA) Fiat vehicle registrations declined by more than 43% to 1,167, according to SMMT.

Tesla (TSLA) vehicle registrations rose by 20% to 8,599 and Xpeng (XPEV) registrations grew 819% to 331, the report said.

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