Tesla Model Y – March – Best seller in the UK

leaf charging

The Society of Motor Manufacturers and Traders (SMMT) just released the latest car sales data for the first three months of the year and the Model Y is leading a strong increase in electric vehicle sales. The popular Tesla Model Y is the best-selling electric vehicle, and in March sold 8,123 units, making it the best-selling vehicle of all.

Battery-electric vehicle sales are up 18% year over year.

This represents significant growth for the Tesla Model Y as it was only introduced to the UK market in Feb last year.

Tesla Model Y

UK new car registrations in March bounced back by 18.2% to deliver the best ‘new plate month’ performance since before the pandemic, according to the latest figures from the Society of Motor Manufacturers and Traders.

The increase saw 287,825 units delivered, the eighth consecutive month of growth for the new car market, as supply chain challenges slowly continue to ease. As a result, the first quarter of 2023 is the strongest since 2019, with just under half a million new cars joining the road. This represents an additional £2.7 billion of deliveries, underlining the contribution the sector can make to UK economic growth, despite the market still being significantly below pre-pandemic levels, down 29.5% on Q1 2019.

This chart shows the industry sales for March:

Bestsellers for the month:

March-2023-best-sellers_cars

Follow the money

With a starting price of say £45,000 the sale of 8,123 cars is worth around £365 Million.

Compare this with the Nissan Juke – with a starting price of say £22,500 gives Nissan £179 Million. – Or around half of the Tesla income.

We know that the Tesla UK sales units are dependant on production and hence lead times from China as all our right hand drive cars are made in Giga Shanghai and when a boat load of cars arrive, sales shoot up. Even so this is an impressive month.

Stock

We still rate TSLA a string buy at under ¢200. Stock is currently trading at $185.

Source – SMMT.

Share:

More Posts

tesla-debuts-new-model-3

Tesla Second Quarter 2025 Units

In Q2 Tesla produced over 410,000 vehicles, delivered over 384,000 vehicles and deployed 9.6 GWh of energy storage products. Tesla just released its production and delivery report for Q2 2025, and it confirmed that it delivered 384,122 electric vehicles during the quarter: Q2 2025   Production Deliveries Subject to operating lease accounting Model 3/Y 396,835

tesla Uk

June 2025 Tesla UK Prices

Tesla Model 3 pricing remain unchanged during June 2025, making 25 months of no increase to UK retail pricing. Tesla is offering some great 0% finance offers of PCP and HP with monthly prices starting at just £249. Also Stealth Grey and Solid Black are the new While at no additional cost. White, Black and

april 2025

June Solar Production

500 kWh Produced in June 2025 – Summer sun shine. As the UK warms up for summer, June brings us 500 kWh os solar production. This June was very similar to June 2024 with 500 compared to 512 kWh and both below 2023 with over 600 KWh. We exported 34% or 167 kWh back to

WWDC

WWDC Announcement summary

WWDC for developers Apple has introduced the Foundation Models Framework and system-level APIs, allowing developers to integrate AI features directly into apps without needing to send data to external LLM providers. This approach focuses on tight integration and consistency across its devices. All supported iPhones, iPads, and Macs will share a common AI interface, although

Send Us A Message