Have we reached peak car? New figures from SMMT reveal that car ownership in the UK has declined for two consecutive years – for the first time since the First World War 🧐
► Pandemic means we’re swapping cars less
New research suggests that Britain may be hitting peak car, as the level of car ownership fell for two consecutive years after the pandemic – the first successive drops in ownership in more than a century.The Society of Motor Manufacturers and Traders , the industry body that collates facts and stats on vehicle usage, revealed that car ownership fell by 0.2% to 35,023,652 in 2021 as many consumers were unable to buy a new model owing to supply issues hampering manufacturers across the world.
The hangover from the Covid-19 pandemic is still affecting many companies and it’s forcing the British public to hang on to their cars for longer: the average car is now 8.7 years old, more than a year older than a decade ago, and many urban dwellers are not even bothering to own a car at all. Mike Hawes, SMMT Chief Executive, said: ‘The first consecutive annual fall in vehicle numbers in more than a century shows how significantly the pandemic has impacted the industry, leading Britons to hold onto their cars for longer. With fleet renewal essential to net zero, we must build consumer confidence in the economy and, for drivers, confidence in the charging infrastructure to get the transition into top gear.
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