Skip advert
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.

Skip advert
Advertisement
Skip advert
Advertisement

Recommended

Food or car insurance? Tough choices for low income households as costs spiral
Car insurance
News

Food or car insurance? Tough choices for low income households as costs spiral

Citizens Advice has told parliament’s Treasury Committee that people of colour pay, on average, £250 more for car insurance
18 Apr 2024
M25 weekend closure no.2 to bring “long delays” in May
Diversion route for the M25 closure between Junctions 8 and 10
News

M25 weekend closure no.2 to bring “long delays” in May

Further M25 closures are expected to take place throughout the year, with the next scheduled for 10-13 May
16 Apr 2024
Banks told to brace for billions in potential car finance scandal payouts
Hand building piles of coins
News

Banks told to brace for billions in potential car finance scandal payouts

The FCA is investigating now-banned ‘discretionary commission arrangements’, which could result in huge compensation payouts for motorists
15 Apr 2024
Banned car number plates: naughty 74-reg number plates deemed too rude for the roads
Number plates
News

Banned car number plates: naughty 74-reg number plates deemed too rude for the roads

The DVLA has revealed its list of new-for-2024 number plates judged too saucy for the streets, and there are plenty of potential shockers on the banne…
10 Apr 2024

Most Popular

‘Dacia Zen’ seven-year warranty brings added peace of mind
Dacia Duster - tailgate
News

‘Dacia Zen’ seven-year warranty brings added peace of mind

The value brand’s new warranty is also available on used cars, as well as for existing Dacia customers
16 Apr 2024
Car Deal of the Day: Mercedes EQC offers luxury EV motoring for £327 a month
Mercedes EQC - front cornering
News

Car Deal of the Day: Mercedes EQC offers luxury EV motoring for £327 a month

Mercedes’s EQC showed that the German firm was serious about electric cars and it’s our Car Deal of the Day for Monday 15 April
15 Apr 2024
New 2024 Audi A3 takes the fight to BMW and Mercedes with £32k price tag
Audi A3 Saloon - front action
News

New 2024 Audi A3 takes the fight to BMW and Mercedes with £32k price tag

The updated Audi A3 is available now, with the hot S3 version due from May
16 Apr 2024