The UK car market is going from strength to strength according to the latest figures released by the Society of Motor Manufacturers and Traders.
August is usually one of the quietest months for new car registrations, but this year saw 9.6 per cent increase to 79,060 units, the 42nd consecutive month of growth in the new car market. That figure also contributes to a year-to-date growth figure of 6.7 per cent.
The figures were up in all areas of the new car market. New registrations were up for the private, business, and fleet sectors, by 7.2 per cent, 11.8 per cent, and 12.1 per cent respectively. Alternatively-fuelled vehicles are a breakthrough area of the new car market, currently running a 52.3 per cent year-on-year.
"August’s strong performance has again been driven by attractive finance deals and a diverse range of technologically advanced models”, explained SMMT Chief Executive Mike Hawes.
“Britain’s budget-conscious buyers are taking advantage of low regular monthly payments that provide certainty and affordability. With September's new 65-plate now in full swing, we expect UK showrooms to be as busy as ever.”
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