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Worst-ever car market fall in September 2008

September's new car registration figures, collated in association with Spyder Automotive, reveal the worst monthly decline in living memory. The market fell 88,995 units in September 2008 compared to September 2007.

The performance is far worse than previous record drop of 67,245 units between August 1989 and August 1990 (the registration plate used to change in August, but now changes in September). Looking at the types of car that have fared worse, it is clear that people are turning away from big cars with a vengeance. Sales of off roaders fell by 41% and luxury saloons by 43%. The only segment to increase sales was city cars, up by a remarkable 17%.

Segment

example model

2007 Sep

2008 Sep

change

City Car

Fiat 500

22729

26596

17.01%

Supermini

Vauxhall Corsa

128083

99247

-22.51%

Lower Medium

VW Golf

140141

108303

-22.72%

Upper Medium

Ford Mondeo

30568

24701

-19.19%

Compact Executive

BMW 3 Series

29496

24107

-18.27%

Executive

BMW 5 Series

12370

9957

-19.51%

Luxury

Mercedes S Class

1956

1119

-42.79%

Sports

Porsche Boxster

13183

10772

-18.29%

Off Road

Land Rover Freelander

35061

20694

-40.98%

MPV

Ford Galaxy

5642

4628

-17.97%

Total

 

419290

330295

-21.23%

Source: SMMT/Spyder Automotive

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