February’s new car market was the highest for the month in 12 years, as registrations reached 83,395 units.
THE record-breaking momentum of car registrations during 2015 has continued into the start of the year, with the SSMT confirming an 11-year high of 169,678 for January.
Blurred lines are emerging between new and used car buyers as customers become more easily influenced by running costs and finance offers, according to Motors.co.uk.
2015 was a record year for new car registrations.
The new car market returned to growth in November, after a decline in October – the first in 44 months.
Peter Watts, Motors.co.uk director of dealer insight, is offering tips for retailers over Winter season.
The new car market is still on track for a record year, despite a sales dip of 1.1% in October, according to CAP.
WhatCar? is advising its readers to buy a new car instead of a one-year old version of the same model due to competitive finance and low interest rates.
New car registration figures have fallen for the first time in 43 months. October’s figures, published this morning, show a 1.1% decline.
The European new car market increased by 9.7% in September year-on-year to 1.27 million units, led by growth in the UK, Spain and Italy.
New car registrations in the UK reached their highest-ever September total last month.
The new car market has reached a level where the industry is being damaged by such high volume being pushed into the UK.
The UK new car market recorded its 42nd consecutive month of growth in August, albeit in one of the year’s quietest months, with a 9.6% rise, SMMT data shows.
New car registrations across Western European markets increased by 9.5% in July to 1.1 million units, according to the latest HIS Automotive forecast.
New car registrations saw steady growth in July, according to the latest figures from the Society of Motor Manufacturers and Traders.
Point-of-sale consumer new car finance was up 11% by volume and 17% by value in April, compared with the same month last year.
Growth in the UK new car market is slowing, with May's registrations of 198,706 units only a 2.4% rise over the same month last year.
New car sales in Europe were 6.4% higher in April 2015 than in the same month of 2014.
April's new car market ended up 5.1% year-on-year at 185,778 registrations, the strongest April result in a decade.
New car sales in Europe were 8.9% higher in the first three months of 2015 than in the same period last year and have grown for seven consecutive months.