The Society of Motor Manufacturers and Traders (SMMT) registration data for May is now out and reflects the trends we’ve seen over the last three years.

The usual graph is below, showing the split between fuel types month on month for the last 13.

Would it be safe to say, do you think, that demand for cars is outstripping supply for all fuel types? And, therefore, the registration figures are a straight reflection of supply?

Overall, there has been a 4% increase in the number of cars registered since last month. The largest increase was for BEVs at 20%, with PHEVs following closely at 14%.

However, year on year, cars registrations have gone down by 21%. This is significant as 2020 and 2021 were poor years for car sales; suggesting that 2022 will be no better, and could even be worse.

In particular, diesels have been most affected with registrations this month being half the amount from May 2021. Diesels were not the only fuel type to dip though, with petrol and PHEV also down by 22% and 26% respectively. The main winner it seems, year on year, has been BEV with an 18% increase in registrations.