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April New Car Registrations Hit 10-Year HighBack

CarReg1It is extremely positive to see that the new car market continues to grow with April seeing its strongest growth in 10 years – increasing 5.1% on April. New car sales figures, released this week show April new car registrations rose 6.4% year to date.

Although retail sales growth has began to slow consumers are still confident to buy new cars as they feel the benefits of the recovering economy giving them more disposable income. Finance offers such as PCP and service plans are helping to fix and in some cases cut the cost of motoring for drivers also encouraging them to buy a new vehicle

Strong growth was seen in the fleet market, which is up 13.4% year to date boosted by increased business confidence as the UK economy grows.

For a copy of the registration statistics please email louisewoods@rmif.co.uk

Posted by Sue Robinson on 08/05/2015