Recent figures published by the Society of Motor Manufacturers and Traders (SMMT) indicate a massive rise in new car registrations. April alone showed a 14.8 per cent increase. So far this year, registrations have grown 8.9 per cent compared to 2012.
SMMT’s findings reveal that the UK is currently outperforming the European new car market. Interim chief executive of the trade association, Mike Baunton, said: “The UK continues to perform well ahead of the troubled Eurozone as consumer confidence, regular purchase cycles, attractive finance deals and wider market factors continue to make new car buying favourable for motorists.”
Outstanding growth in the last quarter has caused the SMMT to revise their full year forecast to three per cent overall. Over 2.1 million cars are expected to sell this year.
Commercial sales accounted for a large portion of this year’s growth. In total, 392,186 cars were bought to accompany fleets or serve as business cars, representing a 51.1 per cent market share. Private purchases nearly matched that number. A total of 376,369 units were sold to individuals for personal use, representing 49 per cent of the buyers’ market.
The alternative fuel vehicle (AFV) industry is showing impressive growth, as 10,297 have been purchased so far this year – over 200 more than 2012 already.
This year’s most popular models include the Ford Fiesta, Ford Focus, Vauxhall Corsa, Vauxhall Astra, Volkswagen Golf, Nissan Qashqai, Volkswagen Polo, Peugeot 208, Nissan Juke and the Fiat 500. Compacts and minis remain at the top of the list of preferred cars in the UK.
You can lease this year’s bestsellers from UK Carline for a fraction of buy-in rates. The fuel-efficient Ford Fiesta Hatchback is on offer for only £98.99 per month. Great car leasing deals are available for Britons’ second favourite, the Ford Focus Hatchback. Get your own for just £174.23 a month. Additionally, the Vauxhall Corsa or Nissan Qashqai can be yours for low monthly stipends of less than £200 per month.
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