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.

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.

Recommended

Cyclists and pedestrians prioritised in upcoming Highway Code revisions
News

Cyclists and pedestrians prioritised in upcoming Highway Code revisions

Latest Highway Code changes look to strengthen the priority of walkers and cyclists over motorists
30 Jul 2021
UK road pricing: UK plan to plug the fuel duty gap
Motorway
News

UK road pricing: UK plan to plug the fuel duty gap

The Government’s plan to plug the £30bn gap in lost fuel duty is taking shape with bans on petrol and diesel car and trucks looming
13 Jul 2021
Four million people in the UK have fallen asleep while driving
Tired driver
News

Four million people in the UK have fallen asleep while driving

Research produces worrying revelation that four million UK motorists have nodded off behind the wheel at some point
16 Jun 2021
Thatcham approved devices and crash tests explained
Joe Finnerty in Hyper G sled
Consumer news

Thatcham approved devices and crash tests explained

Thatcham studies crashes, rates alarms and sets insurance groups to help cut drivers’ costs. We find out how
11 May 2021

Most Popular

New 2021 Volkswagen Taigo coupe-SUV breaks cover
Volkswagen Taigo R-Line - front
Volkswagen Taigo

New 2021 Volkswagen Taigo coupe-SUV breaks cover

The new VW Taigo is a sportier, more aggressive looking version of the brand’s T-Cross and is aimed at lifestyle buyers
29 Jul 2021
Land Rover unveils limited-run Defender Trophy Edition
Land Rover unveils limited-run Defender Trophy Edition - front
Land Rover Defender

Land Rover unveils limited-run Defender Trophy Edition

Just 220 examples will be built to honour past Camel Trophy Land Rovers, all of which have been reserved for the North American market
30 Jul 2021
New 2021 Kia EV6 boasts up to 328 miles of range
Kia EV6 - front
Kia EV6

New 2021 Kia EV6 boasts up to 328 miles of range

Kia reveals more specs for its bespoke electric car, with the EV6 offering long range and an 18-minute 80 per cent rapid recharge time
21 Jul 2021