Car leasing to benefit from higher demand for vehicles?

JonathanOctober 8, 2010

New figures have indicated that demand for new vehicles looks set to remain strong over the remaining months of 2010 – something that may mean more drivers will opt for car leasing deals.

The statistics from the Society of Motor Manufacturers and Traders (SMMT) show that while new registrations dropped by nearly nine per cent in September compared with the same month last year, the overall sector is still 7.8 per cent higher in the year to date.

Sectors that saw particular growth in September included fleet, diesel and alternatively fuelled vehicles.

Relating to the latter, a recent IDC report suggested that there will be over 2.7 million plug-in electric vehicles on the roads worldwide by 2015.

“Demand for new cars has stabilised and will end 2010 slightly up on last year,” remarked Paul Everitt, chief executive of the SMMT.

Van registrations experienced a year-on-year increase of 24 per cent for September – something that Mr Everitt said “reflect[s] a slow but steady improvement in the UK economy”.

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