Record month for new car registrations highlights contribution of automotive to UK economy

Published 08/04/2015 00:00:00 in Press Releases

“It is extremely positive to see the new car market has now achieved 37 consecutive months of growth – increasing 11.6% % on March 2014”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers across the UK, commenting on the SMMT’s new car registration figures.

New car sales figures, released today show March new car registrations rose 6.8% year to date.

Robinson continued, “Consumers confidence has been rising as a result of a recovering economy. Fewer concerns about unemployment and the improvements of household finance due to record low inflation and pay rises all help to encourage consumers to buy new cars.

"The March market has been assisted by the new plate change which encourages consumers to replace their existing vehicle. In addition strong manufacturer deals and low cost finance offers are encouraging consumers to buy.

"Finance offers such as PCP and service plans are helping to fix and in some cases cut the cost of motoring for drivers.   

“The fleet market growth in 2015 is pushed by an improved business confidence. We anticipate the market to continue to grow, and have strong expectations ahead of next month’s plate change.”

 

ENDS

NOTES TO EDITORS:

Victoria Gross, Press Officer
Tel: 020 7307 3434
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk  Email: victoria.gross@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.  

Back to Articles
Back to Articles

Cookies

This site uses cookies. Some cookies are essential to ensure our website works for you in the best possible way. You may delete and block all cookies from this site, but parts of the site may not work. To find out more about cookies on this website and how to delete cookies, click here to see our cookie statement.

Close