Posted 15 November, 2019 at 13:37
Bus and coach market declines in third quarter, down -26.4%
Year-to-date registrations fall -29.4%, with Q3 the 11th quarterly decline in a row.
Friday 15 November 2019 The UK new bus and coach market fell -26.4% in the third quarter of the year, with 1,340 vehicles registered, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). The performance marked the eleventh consecutive quarterly decline for the sector, as a combination of weak business confidence, confusion over clean air zones, modal shift and tight budgets within local authorities affected order books.
In the third quarter, demand across all body styles declined by double digits, with single-decks experiencing the most significant fall in registrations, down -38.1% to 280 units. Meanwhile, the market for new minibuses fell -24.7%, as did demand for double-decks, down -12.2% in the quarter.
Performance over the year-to-date is down too, with registrations dropping -29.4% to fewer than 4,000 units. Registrations of minibuses and double-decks have fallen significantly, reducing by -42.8% and -16.8% respectively. At the same time, single-decks recorded a -10.1% decrease with 1,459 registered in the first nine months.
Mike Hawes, SMMT Chief Executive, said, “An eleventh consecutive quarterly decline for the UK bus and coach market is a serious concern. To stem further losses and get more of the latest, low emission vehicles on our roads, we need the right conditions, including appropriate funding for local authorities, to ensure operators continue to invest in their fleets. This will not only help improve air quality in urban areas but also provide cleaner transport solutions to many consumers.”