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JANUARY NEW CAR REGISTRATION FIGURES – BEST JANUARY IN 11 YEARSBack

CarsalesIt is extremely positive to see that the car market in January has continued its upward trend – making it the best month for new car registrations since 2005.

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.

 

If you would like to receive the monthly new car registration figures please email louisewoods@rmif.co.uk

Posted by Sue Robinson on 05/02/2016