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New car sales figures, released this week, are up 9% to 169,678 units, and up 2.9% on the same month in 2015. Private registrations have risen 2% – the highest level since 2004 with Alternative Fuel Vehicle sales increasing by 1%.
Increased retail demand continued to drive UK car sales in the first month in January.
Consumer confidence continued to grow as the economy becomes more robust, and retail customers feel secure enough to commit to buying cars. This is helped by the competitive offers made available by the manufacturer and a more disposable income due to higher levels of employment.
On the back of this we predict that the franchise sector will create 15,000 new jobs in 2016 following all the new and nearly new cars being serviced.
We expect the market to continue to perform well and to build on the success of 2015.
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