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This is the 35th consecutive month of growth in the UK market. January saw strong growth in the UK fleet market with an increase of 18.1% indicating a strengthening in business confidence enabling businesses to invest in the purchase of new vehicles.
The new car market across Europe is seeing signs of recovery with Germany this week posting a 2.5% increase in new car sales in January, as well as Spain and France who posted 27.5% and 5.9% increases respectively. It is believed that improving consumer sentiment across Europe and more disposable income and Government incentives are helping drive this market.
The NFDA expect the market this year to continue to perform well and to build on the success of 2014.
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