Deloitte comments on SMMT car reg figures for October 2026
Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said:
“An eleventh consecutive month of growth in new car registrations is a positive continuation of the momentum we have seen across the market this year. Against a challenging economic backdrop, and coming immediately after September’s plate change, another month of growth demonstrates the resilience of the market and continued consumer demand for new vehicles.
“Fuel costs and increasing model choice are strengthening the case for consumers’ switch to electric, with plug-in hybrid and battery electric vehicles accounting for all the growth in October. This looks set to continue, Deloitte research shows three quarters (74%) of consumers expect fuel prices to rise over the next month, which remains well above the 60% recorded at the same point last year. At the same time, addressing the cost disparity between home and public charging will also be important in ensuring that the transition to electric is accessible to drivers without off-street charging.”
ENDS
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