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Daily news round upBack

land

January registrations start strong

January has seen a positive start to the year for new car market as registrations grew 6.7% to 164,856 units – the strongest January since 2007

This record growth period for whole market continues: January marked the 35th consecutive month of rises.

The growth in company car registrations has been particularly strong, up 18.1% on January 2014.

4,598 alternatively-fuelled vehicles were registered in January, a figure up 60.8% on last year’s figure of 2,859.

Mike Hawes, SMMT chief executive, said, ‘These figures mark an encouraging start to the year after a very strong 2014, with a strikingly robust company car market as businesses take advantage of the attractive finance offers currently available.

‘January saw increased uptake of both petrol and diesel cars, while demand for alternatively-fuelled vehicles continued its surge with registrations rising by 60.8%. Registrations of plug-in vehicles were particularly strong as consumers responded to a greater choice of makes and models delivering lower running costs.

‘Last year’s 9.3% rise in the overall market was fuelled by stronger than expected economic confidence and, for 2015, we expect to see some levelling off throughout the year: demand is back to pre-recession levels following record-breaking growth.’

January’s 18.1% rise in fleet registrations was the strongest increase since December 2013.

Fleet registrations have been increasing consistently since 2012 as UK business confidence has bounced back since the recession. Just 882,415 cars were registered to fleets in 2009; this grew to 1,178,416 in 2014.

Currently, the strong pound means that manufacturers can offer attractive finance packages to fleet buyers in the UK.

2011 was a strong year for fleet registrations: with most companies on a three-year replacement cycle, cars registered at that time are now due to be replaced.

Source: bodyshopmag.com

Growth in company car registrations

The growth in company car registrations – up 16.8% on January, 2014 – has helped the new car market get off to a strong start in 2015.

Fleet and business registrations combined equated to 97,220 units in January, 2014, up from the 83,269 cars registered during the same period last year, figures from the Society of Motor Manufacturers and Traders (SMMT) reveal.

Overall, registrations grew 6.7% in January to 164,856 units – the strongest January since 2007 – with fleet and business registration accounting for 59% of the market.

Mike Hawes, SMMT Chief Executive, said, “These figures mark an encouraging start to the year after a very strong 2014, with a strikingly robust company car market as businesses take advantage of the attractive finance offers currently available.

“January saw increased uptake of both petrol and diesel cars, while demand for alternatively-fuelled vehicles continued its surge with registrations rising by 60.8%. Registrations of plug-in vehicles were particularly strong as consumers responded to a greater choice of makes and models delivering lower running costs.

“Last year’s 9.3% rise in the overall market was fuelled by stronger than expected economic confidence and, for 2015, we expect to see some levelling off throughout the year: demand is back to pre-recession levels following record-breaking growth.”

Fleet registrations have been increasing consistently since 2012 as UK business confidence has bounced back since the recession. Just 882,415 cars were registered to fleets in 2009; this grew to 1,178,416 in 2014.

Source: fleetnews.co.uk

Government criticised over road death rise

The Government is facing criticism after statistics revealed the first year-on-year rise in road fatalities and casualties in more than 30 years.

There were 1,711 deaths, a 1% increase, and 24,360 killed or seriously injured (KSI) casualties in the year ending September 2014, a 4% increase compared with the previous year.

Child KSI casualties also rose by 3% over this period and for the year ending September 2014, there were 192,910 reported road casualties of all severities, 5% higher than the 184,087 for the year ending September 2013.

Road safety experts the Institute of Advanced Motorists (IAM) have expressed disappointment at the rise in numbers of killed and seriously injured on UK roads.

The charity blames many years of Government cutbacks and the resulting drop in visible policing for the increase in figures.

Neil Greig, IAM director of policy and research, said: “It is disappointing that after many years of solid falls in the numbers of people killed and injured on our roads, the Government has taken its eye off the ball.

“These figures reflect our view that cuts in visible policing and road safety spending has had an impact, with a third successive quarter of increases.”

Greig added that the Government has been ‘riding its luck’ and that the recession has played its part in artificially making the figures seem better than they really are.

Source: fleetnews.co.uk

Posted by Lois Hardy on 05/02/2015