Registrations rising Month on Month
March saw an 11.6 per cent rise in new car sales this year. More cars were registered in March than any other month for the last 16 years thanks to fleet buyers. According to the Society of Motor Manufacturers and Traders this is due to companies feeling more confident with the economy.
With 492,774 cars being registered – the best since the twice-yearly number plate changes introduced in 1999 March was the 37th consecutive month of growth for the UK’s new car market.
This boost has been put down to new products and financial packages, as well as low interest rates but companies buying up fleets were particularly helpful. Registrations continue to rise this year and have increased by 6.8 per cent to 734,588. Mike Hawes, the society’s chief executive, said: “The best month this century for new car registrations is a welcome boost for the UK’s thriving automotive sector.