"New car registrations fell by 1.0% to 84,054 units, marking the fifth consecutive monthly decline. Fleet reductions offset private and business gains, while EV deliveries grew by 41.7% (21,244 units), now accounting for 1 in 4 new registrations.
Cox Automotive’s forecast of 84,009 was 99.9% accurate, with year-to-date accuracy at 98.7% (226,294 forecast vs. 223,399 actual).
Retail supply and demand are easing YoY, but wholesale indexes show an upward trend as trade values firm."
Philip Nothard - Insight Director
Updated: 05/03/25