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NEW CAR REGISTRATIONS CONTINUE TO GROW IN APRILBack

salesIt is positive to see that new car registrations rose 2.0% in April and 4.4% year to date. 189,505 cars were registered this month, marking the best April since 2003 when 194,312 new vehicles were registered.

Various factors such as inflation experiencing only a minor growth, interest rates held at 0.5% as well as low cost finance offers encouraged consumers to commit to buy new cars.

The NFDA is pleased to see that in spite of following a record breaking March, demand for new cars continued its upward trend. It is also encouraging to see that alternative fuel vehicles remained strong with a growth of 26.8%.  Registrations of petrol cars increased 3.4% in April, while diesel saw a slight 0.6% decline.

The UK economy has repeatedly recorded positive trends for the past 15 months with a 0.4% increase in the first quarter of 2016 and we are pleased to see that on the back of this the car market has continued to make its relevant contribution.

Posted by Sue Robinson on 06/05/2016