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Positive start to the year for new car market as registrations grew 6.7% in January to 164,856 units – the strongest January since 2007.
Record growth period for whole market continues: January marked the 35th consecutive month of rises.
4,598 alternatively-fuelled vehicles registered in January, up 60.8% on last year’s figure of 2,859. Mike Hawes, SMMT Chief Executive, said, “These figures mark an encouraging start to the year after a very strong 2014, with a strikingly robust company car market as businesses take advantage of the attractive finance offers currently available.
Fleet registrations have been increasing consistently since 2012 as UK business confidence has bounced back since the resession. Currently, the strong pound means that manufacturers can offer attractive finance packages to fleet buyers in the UK.
2011 was a strong year for fleet registrations: with most companies on a three-year replacement cycle, cars registered at that time are now due to be replaced. Click through to download the January 2015 new car registrations news release, data table and image.
1,287,265 new cars registered in first six months of the year – a 10.6% rise and the best half-year total since 2005. Consumer demand for efficiency has driven alternatively-fuelled vehicle registrations up 51.3% to 23,337 units year-to-date. Market on track for 2.4 million new car registrations in 2014, up more than 6% on last year.

Car manufacturers invest billions in increasing new car efficiency, and motorists are benefiting from lower running costs. More information on the automotive industry’s environmental performance can be found in SMMT’s 15th Annual Sustainability Report, published this week. Click through to download the full June 2014 new car registrations news release and data table. Van demand in April 2014 remained stable with 20,620 registrations, consistent with April 2013, maintaining the year-to-date margin of +12.2%.
Truck registrations continue to feel the effects of the emissions standard changes with volumes down 24.9% in the month. Click through to download the full April 2014 commercial vehicle news release and data tables. The new van market achieved a steady performance in February, with registrations at the same level as this time last year, when the sector recorded a seven-year high.
Mike Hawes, SMMT Chief Executive, said, “After a record-breaking year for new van registrations in 2015, it was inevitable that such rapid growth would level off. Transport News BriefTransport News Brief is published by the SMMT and covers a varied range of news from across the UK commercial vehicle industry.
Figures released by the Society of Motor Manufacturers and Traders (SMMT) on the morning the UK heads to the polls underline a robust new car market, with registrations up for the 38th consecutive month in April. April’s strong performance, which comes after a record first quarter for the sector, tracks a 12-year high for consumer confidence1 and continues a pattern of growth in new car registrations around general elections that dates back to 1979.

All but three of the past nine general elections have coincided with a spike in new car demand in the three months immediately before and after polling day. Registrations of plug-in vehicles were particularly strong as consumers responded to a greater choice of makes and models delivering lower running costs. A fleet registration refers to a vehicle registered to a company operating 25 or more vehicles. 13,891 new light commercial vehicles (LCVs) were registered in February – traditionally one of the quietest months of the year.
Demand in the period following 7 May is forecast to continue in line with this trend and as new products, attractive finance deals and low interest rates inspire consumers and businesses to give the new car market their vote of confidence. Notable exceptions were during the recessions of 1992 and 2010, while the 2005 election period saw registrations dip as part of natural market readjustment after hitting peak volumes in 2002. We are confident that the UK’s new car market – so symbolic of economic mood – will continue to thrive, but long-term success will depend largely on economic and political stability in the months and years ahead.

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