Advertisement

Another month of growth for UK car industry

Society of Motor Manufacturers and Traders figures show sales continue to boom, with growth across all sectors

MINI JCW vs Vauxhall Corsa VXR & Ford Fiesta ST

August is normally a quiet month for the car industry but consumers seem to have decided to buck the trend, as the latest figures show yet another month of continued growth. A total of 1,634,369 cars have found homes in the UK so far in 2015.

The Society of Motor Manufacturers and Traders (SMMT) August figures show that the end of the summer holidays marks the 42nd consecutive month of growth in the new car market. Registrations increased by 9.6 per cent, which has taken year-on-year growth to a healthy 6.7 per cent overall.

Advertisement - Article continues below

No sector has been left out, with growth across all fuel types, and registrations in the private, business and fleet markets are up 7.2 per cent, 11.8 per cent and 12.1 per cent respectively. The market for alternative fuels such as electric cars has also increased, and now maintains a steady 2.4 per cent share of the market overall.

Mike Hawes, Chief Executive of the SMMT, said: "August's strong performance has again been driven by attractive finance deals and a diverse range of technologically advanced models. Britain's budget-concious buyers are taking advantage of low regular monthly payments that provide certainty and affordability."

Ford Fiesta ST front cornering

With the new 65-plate in full swing, we expect September to be a busy month, and with ever-more inviting finance deals appearing day-by-day, it may even be a record-breaker.

Best new car deals 2015

However, the rosy picture might not be all it seems. Used car experts Glass's suspects that manufacturers might be distorting the figures with huge numbers of pre-reg models.

The organisiation is also concerned about the sheer volume of new cars bought on finance: "We have seen an ongoing explosion in PCP's but manufacturers are having to make them ever more attractive in order to continue to sustain growth in the market. At some point, we will reach a situation where... customers stop signing new leases."

It's business as usual for the best-selling cars - the Ford Fiesta maintains its position at top of the list, followed by the Vauxhall Corsa and Ford Focus

Now see all of the best-selling cars of 2015.

Advertisement
Advertisement

Recommended

Visit/news/351993/carmakers-push-european-commission-change-co2-targets-wake-coronavirus
News

Carmakers push European Commission to change CO2 targets in wake of coronavirus 

Combination of tight CO2 targets and closed dealerships see car makers ask EC “for a delay in the application of certain rules”
2 Apr 2020
Visit/car-news/consumer-news/92890/tyre-pressure-speed-rating-and-depth-explained-complete-tyre-care-guide
Peugeot 308 SW - tyre
Consumer news

Tyre pressure, speed rating and depth explained

Maintain your tyres and you'll reap the benefits with an improved drive and lower running costs. We explain all
27 Mar 2020
Visit/car-news/consumer-news/91686/how-to-scrap-your-car-and-get-the-best-price
Scrapyard
Consumer news

How to scrap your car, and get the best price

How to scrap or recycle your car, and what prices to expect from the scrap yard
24 Mar 2020
Visit/car-reviews/consumer-news/107776/electric-cars-have-lower-lifetime-co2-emissions-than-petrol
Nissan Leaf - Long termer plugging in
Consumer news

Electric cars produce less CO2 than petrol equivalents

Study shows electric cars produce less lifetime CO2 than their petrol equivalents, both globally and in individual countries
24 Mar 2020

Most Popular

Visit/seat/leon/351998/new-seat-leon-2020-review
SEAT Leon

New SEAT Leon 2020 review

The all-new SEAT Leon hatchback impresses with its blend of sporty handling and cutting-edge technology
3 Apr 2020
Visit/hyundai/i20/100001/new-hyundai-i20-n-hot-hatchback
Hyundai i20

New 2021 Hyundai i20 N to rival Ford Fiesta ST with 200bhp

New Hyundai i20 N to join i30 N in brand’s hot hatch line-up and our exclusive images preview how it could look
2 Apr 2020
Visit/news/102580/hyundai-kona-electric-get-increased-range-july
Hyundai Kona electric front
Hyundai Kona Electric

Hyundai Kona Electric to get increased range from July

UK-delivered Hyundai Kona Electrics will be outfitted with a handful of mechanical revisions, boosting the SUV’s maximum range to 300 miles
18 Mar 2020