Record half-year for registrations

Tuesday, July 7, 2015

 

The UK new car market saw a record half-year up to June according to the latest figures. 

Figures released by the Society of Motor Manufacturers and Traders (SMMT) show new car registrations up 7.0% in first half of 2015 to 1,376,889 – the highest half-year performance on record. 

Buyers’ appetite for British-built cars is on the increase, meanwhile, with 13.9% (around one in six) choosing a UK- manufactured vehicle so far this year – the highest level in five years.

SMMT figures also show that June marked a record 40th consecutive month of growth, with registrations up 12.9% in the month.

The society said low interest rates and attractive finance deals, combined with a wealth of new models featuring the latest technologies, had continued to encourage consumers to purchase new cars.

 

SMMT chief executive Mike Hawes said: "It is still a great time to buy a new car in the UK, and it is encouraging to see more consumers choosing British models. This is important for the wider economy with 799,000 people now employed across the UK automotive sector, including retail. We anticipate a flatter second half of the year as the market finds its natural running rate."

 

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