Society of Motor Manufacturers and Traders Figures
Happy days: the Society of Motor Manufacturers and Traders has revealed that – with one month remaining – the number of new cars registered in 2013 has eclipsed last year's total. As such, 2,111,819 were sold in the first eleven months of the year compared to 1,921,052 throughout 2012. This year to date figure was boosted significantly in November 2013. Why? Because 159,581 new cars were registered which was 7% higher than the same time the previous year. It was also the best November since 2004. Interestingly – when considering the yearly figures - 1,046,465 of the new registrations were powered by diesel. That made it the most popular fuel (just about) as only 1,034,858 petrol cars found homes in the same period. Alternative fuel vehicles such as electric models accounted for a further 30,496. And it seems that both individuals and businesses were investing. As such, 1,013,548 were sold privately and 1,000,066 for fleet use. The remaining 98,205 were for business. Furthermore, the best selling cars of the first eleven months of the year were superminis and small family models. These include the Ford Fiesta (best selling car), Ford Focus (second), Vauxhall Corsa (third), Vauxhall Astra (fourth), and finally the Volkswagen Golf (fifth). Happy days.
Motor Industry Expert Discusses New Car Sales Figures
The Society of Motor Manufacturers and Traders Chief Executive, Mike Hawes, said: "Motorists have bought more than two million cars so far in 2013, a tremendous success for the industry on the back of buoyant consumer confidence and innovative new products. With the UK economy looking increasingly positive, we can expect strong underlying demand for new cars to continue into 2014.”
Benefits Of Strong New Car Sales
Happy days: strong new car sales benefit our country's economy and the wider world. After all, the motor industry employs tens of thousands of people including designers, assembly workers, parts suppliers, sales professionals and cleaners that ensure the showrooms look presentable. Others work in marketing. Naturally, this employment ensures that people have money to spend on nights out, clothing and holidays which creates jobs in other areas. Workers also contribute to the government's coffers rather than taking money out the system. This, in turn, can be used to create employment elsewhere. Furthermore, strong new sales ensures there are plenty of trade-ins to filter through to the lower end of the market. This helps the dealers who – thanks to fairly slow new sales of recent years - have found it tricky to find affordable stock. Happy days.