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New car registrations grew for the 33rd consecutive month in November, with a total 172,327 units registered in November, taking the total for the first 11 months of 2014 to 2,310,237 units, a rise of 9.4% and ahead of the 2013 full-year total.
As we approach the end of 2014, the market continues to exceed expectations and, according to the SMMT, consumer confidence is continuing to rise.
Mike Hawes, chief executive of the SMMT, said: ‘Six months after the record was broken for consecutive monthly growth in new car registrations, the market continues to march on.
‘Today’s figures are an indication of the continuing economic confidence that is driving the new car market, with business, fleet and private registrations all showing strong rises. We expect a more stable market in 2015.
‘Demand for ultra-low-emission vehicles is growing strongly, and we welcome the Chancellor’s commitment to support the chargepoint network for electric vehicles, as well as ULEV research and development in the UK.’
The best-selling car in November was the Ford Fiesta with 7,660 units registered. The Volksagen Golf came second with 5,440 registrations whilst in third place was the Vauxhall Corsa with 4,832. For a full breakdown visit the SMMT website.
Two of the trends highlighted in today’s figures were the rise in demand for small cars in the city and supermini sectors and also the demand for dual-purpose vehicles such as crossovers, MPVs and 4x4s as buyers seek more space, style and versatility.
Neil Addley, managing director of Trusted Dealers commented: “ It’s great to see continued growth in new car sales, and with the consumer offers around finance and insurance, we are seeing many buyers opt for new cars over used.
“In turn, this means there are great deals available on used cars across our members”
Sue Robinson, director of National Franchised Dealers Association (NFDA) said: “Consumer confidence continued to drive the new car market this month following a record breaking year for new car sales.
“Competitive pricing and strong finance incentives have driven new car sales in 2014. Dealers have reported increased footfall in showrooms throughout the year and this continued in to November.
“The NFDA expect the market to remain strong into the New Year.”