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TESLA MODEL 3 IS THE UK’S BEST-SELLING CAR…



THE ELECTRIC Tesla Model 3 was the UK’s best-selling new car in September, according to the latest official figures, with more registrations last month than affordable models from the likes of Nissan, Toyota, and Vauxhall.

The Society of Motor Manufacturers and Traders (SMMT) said 6,879 Model 3s were registered last month, putting it ahead of the Vauxhall Corsa supermini, with 5,235 registrations. That’s despite prices for the Tesla saloon starting at just over £40,000 — more than twice as much as the entry-level Corsa.

The Tesla Model 3 has topped the sales charts before, in April 2020, though that was during a disastrous time for the UK car market, as the Covid-19 lockdown brought almost all sales to a halt.

Experts believe there are a number of factors that have resulted in the Model 3 returning to the top of the sales charts, including continued disruption of supply due to a global shortage of semiconductor computer chips and infrequent shipments of Teslas from the factories to the UK.

However, electric vehicles have seen accelerating demand over the past couple of years, and according to an analysis by WhatCar? the shortages of petrol and diesel at the pumps in recent weeks have caused a spike in interest in plug-in vehicles. In a survey of 1,186 car buyers, 23% said the fuel shortage has made them more likely to consider an electric or hybrid vehicle as their next car.

Not to mention that switching to an electric car can bring significant tax benefits for businesses. The government has announced the tax rate for the next three years, helping businesses to plan ahead. The electric car tax on the benefit in kind rate will increase to 1% in 2021/2022 and 2% in 2022/2023.


If you are interested or would like more information on Motor Finance then please call one of our account managers on 01908 429888 or email us at info@approved-finance.co.uk



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Reference:

Mullen, D., 2021. Tesla Model 3 was UK’s best-selling car in September. [online] Driving.co.uk from The Sunday Times. Available at: <https://www.driving.co.uk/news/business/tesla-model-3-uk-best-selling-car-september/> [Accessed 6 October 2021].



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