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PLATE CHANGE BOOSTS SALES IN SEPTEMBERBack

66PlateSeptember has been a positive month for new car sales as a result of the 66-plate change. The market remains strong with a 2.6% growth year-to-date, compared to last year with over 2 million units.

New car sales rose 1.6% in September with 469,696 units, year-to-date 2,150,495 units have been registered. Alternative fuel vehicles continued to grow consistently by 32.6% and have now a market share of 3.4%. Diesel registrations rose 2.8%, whereas petrols declined -1.1%. Fleet registrations rose 7.3%, while private registrations experienced a decline of -1.7%.

Whilst dealers’ expectations appeared to be split at the beginning of the month, more recent comments from members were fairly optimistic, in line with today’s figures.

With near record numbers of new vehicles on the road aftersales, undertaken by the franchised dealers, will drive growth in the sector.

The plate change has certainly helped boost consumers’ confidence and we should not be surprised to see some signs of stabilisation in the next months. The majority of dealers expect sales for the last quarter to be similar to last year’s record performance.

 

Posted by Sue Robinson on 07/10/2016