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OCTOBER RETAIL MARKET STABILISES FOLLOWING 65-PLATE CHANGEBack

CarProdFollowing over three and a half years of growth, the October market has stabilised after last month’s 65-plate change. New car sales figures, released this week were down -1% after 43 consecutive months of growth. The total market year-to-date was up 4% with 2,274,550 units registered – the best performance on record.

As 2015 draws to a close, we are still seeing a strong market but as expected the market is beginning to slow down as we enter the final few months of the year.

Low interest rates, consumer confidence and new products combine to attract new car buyers. The current full-year growth forecast remains on track, and we are encouraged that the growth and stability of the market will continue through the remainder of the year.

If you would like to receive a copy of the monthly registration figures please send your request to louisewoods@rmif.co.uk

Posted by Leana Kell on 06/11/2015