posted 1 year ago

UK New Car Registrations Grow For Record 42 Months

New car market grows for record 42nd month thanks to attractive finance packages and wide range of technological advanced vehicles

UK Car Registrations For August 2015

The new car market grew for the 42nd consecutive month in August 2015 thanks to attractive finance offers and a wide range of advanced models, the Society of Motor Manufacturers and Traders confirmed. Registrations in the United Kingdom totalled 79,060 which was 9.6% higher than the same period the previous year. It brought year to date registrations to 1,634,369 compared to 1,532,335 at the same point in 2014 (+6.7%). 42 months of consecutive growth is a record that eclipses previous bests of 26 months in the 1980s, 21 in the mid 1960s and 20 in the early 2000s.

Society of Motor Manufacturers and Traders Chief Executive, Mike Hawes, explained: "August’s strong performance has again been driven by attractive finance deals and a diverse range of technologically advanced models. Britain’s budget-conscious buyers are taking advantage of low regular monthly payments that provide certainty and affordability.”‎ He added: “With September's new 65-plate now in full swing, we expect UK showrooms to be as busy as ever.”  

New Car Registrations By Fuel Type, Sector And Region

Petrol powered vehicles proved the most popular in the first 8 months of 2015. Registrations hit 798,285 whereas only 791,919 diesel models found homes. Alternatively fuelled vehicle registrations equalled 44,165. Furthermore, the private and fleet sectors performed well and grew – in comparison to the previous year – by 2.2% and 12.2% respectively. The business sector shrank by 5.8%. In England, 1,392,584 new cars were registered followed by Scotland (136,716), Wales (57,523) and Northern Ireland (41,559). The reminder – which increased the figure to the grand total of 1,634,369 – found homes on the Channel Islands and the Isle of Man.

UK Car Registrations: Challenge To Maintain Momentum 

Society Chief Executive, Mike Hawes, recently said that the challenge for the government and industry is: ”To maintain this momentum and to strengthen Britain’s manufacturing capabilities through continued investment, innovation and policies which maintain our global competitiveness.” He concluded that the government: “Must keep up the commitment to the sector which is delivering at home and abroad.”

Best Selling Cars Of 2015

The Ford Fiesta was the best selling car from January to August 2015 (inclusive). Registrations reached 85,247. It was followed by the Vauxhall Corsa (57,165), Ford Focus (54,795), Volkswagen Golf (45,597), Nissan Qashqai (39,596), Vauxhall Astra (34,767), Volkswagen Polo (34,511), Audi A3 (31,334), Mercedes-Benz C-Class (28,488) and Fiat 500 (27,104). This top 10 suggests that motorists tend to favour small to medium-size vehicles. The majority are supermini or city class models – such as the Fiesta and 500 - and small family class vehicles such as the Golf and Astra. The Mercedes-Benz C-Class is the only executive presence in the top 10.