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

Six-month MoT extension ends on Saturday
Consumer news

Six-month MoT extension ends on Saturday

Department for Transport ends MoT extension on Saturday 1 August; cars due an MoT before that date still get extra six months
29 Jul 2020
Number of road deaths remain virtually unchanged since 2012
Accident boards to stop rubbernecking
News

Number of road deaths remain virtually unchanged since 2012

The latest provisional figures suggest road deaths have remained virtually unchanged for years, prompting criticism from motoring groups
20 Jul 2020
New smart motorways see rise in serious collisions
smart motorway
News

New smart motorways see rise in serious collisions

Highways England report on eight newly upgraded smart motorways shows half saw an increase in serious collisions in their first year
14 Jul 2020
Deaths on UK’s major road network reach eight-year high
Car crash, insurance, write-off, accident
Consumer news

Deaths on UK’s major road network reach eight-year high

Official figures reveal an increase in fatalities on Strategic Road Network, with collisions costing over £1 billion in a year
7 Jul 2020

Most Popular

New Ferrari Roma 2020 review
Ferrari Roma

New Ferrari Roma 2020 review

The new Ferrari Roma GT is the iconic Italian brand’s latest offering – and it’s a big improvement
4 Aug 2020
New 2022 Gordon Murray Automotive T.50 rewrites the supercar rule book
News

New 2022 Gordon Murray Automotive T.50 rewrites the supercar rule book

The new three-seat Gordon Murray T.50 is a spiritual successor to the McLaren F1, with two-thirds of the 100-car run already sold ahead of its 2022 ar…
4 Aug 2020
MPs to consider graduated driving licences
News

MPs to consider graduated driving licences

Transport Committee to hold evidence session looking at how graduated licencing could mitigate the risk novice drivers face on the road
3 Aug 2020