UK's brand new car market continues to grow in July

Saturday, December 3rd, 2016 - autos, cars, motoring, news

Source : UK's brand new car market continues to grow in July

Figures coming from the SMMT show a 3.2% year-on-year increase in brand new car sales in July, however the rate of growth is actually slowing

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The UK’s brand new car market continued to grow in July, with almost 180,000 brand new vehicles registered, figures coming from the Society of Motor Manufacturers as well as Traders (SMMT) have revealed.

Registrations in July were up by 3.2% compared with the same month last year, while overall sales so far in 2015 have surpassed 1.5 million. July marked the 41st consecutive month of growth for the UK’s brand new car industry, which has been steadily recovering since early 2012.

The SMMT says a slower increase of sales in July suggests the second half of of which year may see a slowdown within the rate of growth. Among the top-selling market segments so far of which year have been superminis, tiny family cars as well as SUVs/crossovers. within the past 10 years, the market for SUV as well as crossover vehicles has increased by more than 88%.

Sales of alternatively fuelled vehicles, including electric vehicles as well as hybrids, also continued to rise, with 4314 cars sold last month – a rise of 31% on last year.

SMMT chief executive Mike Hawes said: “While more moderate than in recent months, July’s rise in brand new registrations is actually Great news, as well as indicative of what we expect for the remainder of 2015. With demand having reached a record high within the first half of the year, we anticipate more stable growth within the coming months.”

The head of automotive at global business adviser KPMG, John Leech, said: “The strength of the sterling as well as improving consumer confidence makes the UK car market attractive to vehicle manufacturers, however the recovering Eurozone markets means of which we right now forecast muted growth within the second half of 2015. 

“the item seems more likely of which the UK market will undershoot the all-time sales record of 2.58m vehicles set in 2003. We right now expect sales of 2.56m in 2015.”

UK’s best selling brand new cars in July 2015

1 – Ford Fiesta – 8504 units sold

2 – Ford Focus – 7044

3 – Vauxhall Corsa – 4886

4 – Volkswagen Golf – 4880

5 – Nissan Qashqai – 3789

6 – Audi A3 – 3731

7 – Volkswagen Polo – 3620

8 – Fiat 500 – 3191

9 – Vauxhall Astra – 3187

10 – Mercedes-Benz C-Class – 2868

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