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UK New Car Sales Rise 5.4 Percent in October

British new car registrations rose 5.4 percent in October to 152730 vehicles. Battery electric vehicles reached a record 32 percent market share as automakers increased discounting.

Insights:
Nissan cars are seen at the Nissan plant, in Sunderland, Britain, November 24, 2023. Ian Forsyth/Pool via REUTERS/File Photo

United Kingdom new car registrations rose 5.4% to 152,730 in October as battery electric vehicles hit a record 32% share. Automakers intensified discounting to drive adoption amid shifting consumer preferences.