UK Car Market Grows For Record Period
36 Months Of Growth
The market has grown for 36 consecutive months which eclipses the previous records of 26 set in the late 1980s, 21 in the mid 1960s and 20 in the early 2000s. The market has now risen every consecutive month since March 2012 as – the Society says - “The UK continues to bounce back from the recession and consumer demand has been driven by exciting new products and attractive finance deals.”
2015 Sales To Date
2015 total sales are now 76,958 which is 12% higher than the previous year (January and February 2014). Of these 38,553 have a diesel engine, 36,553 are propelled by petrol and 1,852 have an alternative power source. Of the 76,958 cars, 30,899 are registered to private individuals, 44,719 to fleets, and 1,340 to businesses.
The Ford Fiesta is the best selling car of 2015 in a market experiencing a record breaking period of sustained growth, the Society of Motor Manufacturers and Traders has confirmed.
Top Ten Sellers
New Car Sale Trends
This top 10 suggests that new buyers tend to favour small to medium-size vehicles. The majority are supermini or city class models – such as the Ford Fiesta and Fiat 500 - and small family class vehicles such as the Volkswagen Golf and Vauxhall Astra.
The Mercedes-Benz C-Class is the only executive vehicle in the top 10. Furthermore, it is noteworthy that the Nissan Qashqai – which is the first crossover class vehicle that inspired other companies to replicate its strengths – is the best selling car of its type.
Sustained Growth “Remarkable”
Society of Motor Manufacturers and Traders Chief Executive, Mike Hawes, said: "Three years of continuous growth in the new car market is remarkable and reflects the strong upturn in the confidence of UK car buyers since the recession.” He concluded: “Over the course of 2015, however, we are expecting a more stable market to emerge given there has already been an extended period of consistent growth."