Analysis of the new car market over the past 50 years indicates that there was an increase in registrations in all but two of the 13 years in which a General Election was called. In six of these years, the growth in sales set a new record.
The previous years suggest that a sales boost could be a distinct possibility in 2005.
|General Election year (year-on-year)||Winning political party||Registrations|
Glass's says that if the pattern of UK new car sales growth during election years is repeated in 2005, it would be less of a negative result than that predicted by most industry analysts, who forecast a modest fall in registrations compared to last year.
"Following the 2003 new car sales peak we saw a slight decline during 2004," says Alan Cole, editorial consultant for Glass's Market Intelligence Service.
"Most industry analysts predict a further decline for 2005 but, if history is anything to go by, this year's General Election could possibly make some of the industry's more negative forecasts look slightly pessimistic."