According to the latest news, UK car sales growth has grown and now matches the 1980s record. In April, new car registrations was up 12.5% on the same period last year. The thinking behind this growth is that the slightly better economic outlook has influenced people’s abilities to purchase new cars
New car registrations rose 8.2% last month, which is the 26th month of rising sales. A trend like this hasn’t been seen in a long time. In fact, it matches that of the late 1980s.
Because of the growth in car sale numbers, the Society of Motor Manufacturers and Traders, which is the trade body that publishes data on car sales, revised its forecasts for 2014 new car sales from 2.3million to over 2.4million. They commented, “After the bumper plate-change month of March, the UK car market returned to more modest but still positive growth in April. This marks 26 consecutive months of growth as GDP continues to pick up, inflation falls and wage levels improve.”
Some of the best selling cars of the year so far include Jaguar Land Rover and MG. 1,209 new Jaguars were registered in April this year, and 4,381 Land Rovers were registered.
MG launched their MG3 supermini this year which greatly aided their sales figures, which rose 1,600%. They have also announced an electric vehicle on the cards, which suggests MG have a brighter future continuing later this year.
Other cars which have fared well this year include the Ford Fiesta (4,415 sales) the Vauxhall Corsa (3,138) the Ford Focus (2,506) the Vauxhall Insignia (1,164) the Audi A3 (1,148) and the BMW 3 Series (1,085). (Statistics gathered from BBC site.)
It is also thought that as households grow, the number of homes owning 2 or more cars is also rising. For instance, teenagers and young adults own cars whilst still living with their parents, because house prices are too high for them to move out.
Many people are also travelling further to commute to work, meaning they need a reliable new car to help them travel on their journeys. As more economical cars hit the market, people who were concerned for the impact of driving on the environment re-think their views and invest in a ‘greener’ car model.
This is great news for the car industry, and it promises a healthy future if this trend continues.
For more information on new cars on the market, check out the latest news on autotrader. You can locate many new and second hand models, and if you’re struggling to find a home for your old car – why not get it scrapped? National Scrap offer great rates for old cars and will recycle your car in the UK efficiently so that you don’t need to worry about it.