Tag Archives: SMMT

September 2016 New Registrations

September 66-plate registrations drives new car sales over £2,000,000 during 2016.

I’m not sure if you’ve noticed? I certainly have! The number of cars featuring the new ’66 plate’ driving on the roads has been quite apparent? Maybe the ’66’ is more eye catching than past plate formats, but there’s certainly been a feeling of more ‘new-cars’ on the road lately! Well it’s not just a feeling, the SMMT reports that 469,696 new cars were registered in September 2016 – a steady rise of 1.6% and most importantly, the highest September on record.

There has also been a rise in demand for diesels and alternatively fueled vehicles; up 2.8% and 32.6% respectively.

If you’re liking all the numbers in this post, then the next figure will get your juices flowing! The year-to-date total registrations grew 2.6% in September taking the grand total so far to over 2 million new cars sold this year.

This amazing and very encouraging news means this marks the highest September on record, while the total number of cars registered so far this year also grew to  2,150,495 units – up 2.6% compared with the same period last year.

It is only the second time in recorded history that the two million mark has been passed in September. The first time was in 2004.

Mike Hawes, SMMT Chief Executive, said,

“September is always one of the biggest months for Britain’s new car market. The new 66-plate, combined with a diverse range of exciting new models featuring the latest technology, has certainly helped draw buyers into showrooms and many are taking full advantage of the attractive deals and low interest financing options on offer. Business and consumers place September orders many months in advance, so the ability of the market to maintain this record level of demand will depend on the ability of government to overcome political uncertainty and safeguard the conditions that underpin consumer appetite.”

July 2016: New Car Registrations

England keeps UK new car registrations afloat during July.

Considering all the doom and gloom forecasting in the run-up to and after the Brexit, you have to admit that the motor trade is standing firm with a real sense of “let’s just get on with things”.

Yes there’s been ripples in the water as a result of the EU Referendum, with Vauxhall, Ford and Peugeot having implemented small price rises across their cars in the six weeks since the UK voted to leave the European Union, according to Daksh Gupta, CEO of Marshall Motor Holdings during a recent interview with TradePlates.TV.

“It’s only been small percentages, but I think clearly one of the things (driving it) is “what’s the impact of sterling going to be?”, said Gupta.

He said: ‘If you take what we’ve seen with these manufacturers that have put their pricing up, it’s only been one or two per cent. So, if you’re saying that an average vehicle is £20,000 and you took a midpoint and said it was a five per cent increase – that’s £300.

In related news, the boss of Nissan has said future decisions about the car giant’s Sunderland plant will depend on the outcome of Brexit negotiations. However he was ‘reasonably optimistic’ that the UK will continue to be a key partner of the European Union.’

Ghosn told the BBC: ‘I don’t think today you can talk about any impact before we see what is the new status of the UK. Most of the production out of Sunderland is exported to Europe. So obviously for us, the relationship which is going to prevail between the UK and Europe is very important.’

So even with all the negative forecasting leading into the Referendum,  businesses and consumers are keeping calm, and carrying on as normal.

“Just keep swimming.”

In terms of new car sales last month, England was the only part of the UK with an increase in new car registrations during July 2016 according to figures released by the SMMT. Sizable falls of around 8% in Scotland and Wales was offset by a modest increase of 1,900 vehicles in England, which just about kept the UK sales figures afloat.

New car sales in Scotland were down to 12,471 in July 2016, a fall of just over 8% compared to July 2016, with a similar fall in Northern Ireland’s monthly registration figures to 3,899.

The year-to-date presents a more positive picture with an increase of around three per cent with 1,594,509 registrations. This is up 44,760, but it’s the 56,100 increase from England that keeps the overall number in growth.

This year sees Northern Ireland’s registrations increase by 233 vehicles while those in Wales fell by 100, and Scotland have fallen by 1,473.

Mike Hawes, SMMT Chief Executive, said, “After a healthy start to 2016 and record registrations in 2015 the market is showing signs of cooling. The automotive market is a vital part of the British economy and it’s important government delivers the economic conditions which instil business and consumer confidence. With low interest rates, attractive finance options and exciting new models coming to the showrooms, the market still has lots to offer customers.”

Looking at the graph below it seems everything is starting to settle onto a healthy plateau.

July-new-car-registrations-2000-to-present-chart

We’ll keep an eye on the months ahead and report the latest figures right here, so please check back soon!


Thank you for reading this JUly 2016 New Car Registrations post on the WAS Blog!

Used Car Sales Figures UK 2015

BCA Used Car Market Report reveals an evolving landscape of the UK car market, as used car sales figures exceed £45 billion.

Where as new car sales are quite easy to track month-on-month, we have usually wait a little while for the used car sales figures to take shape upon the graphs – and it appears to have been worth the wait as we look at 2014!

According to the 25th edition of the Used Car Market Report, published by BCA late last year in association with the Centre for Automotive Management, University of Buckingham, the value of used car sales in 2014 reached £45.1 billion – a year on year increase of 5.6%.

Centre for Automotive Management, University of Buckingham Used Car Market Report 2015
Centre for Automotive Management, University of Buckingham Used Car Market Report 2015

The overall value of the UK new and used car markets jumped to £88.5 billion in 2014 – up from £79.4 billion in 2013, with used vehicles accounting for 51% of the total market value.

Over 7.2 million used cars were sold in 2014 as the market maintained a strong performance in the post recessionary period.

This 7.2 million used car sales alongside the 2.5 million new car sales reported by the SMMT resulted in a ratio of 2.9 used cars sold, to every 1 new car.

Centre for Automotive Management, University of Buckingham Used Car Market Report 2015
Centre for Automotive Management, University of Buckingham Used Car Market Report 2015

Delving into the used car sales figures stats, the report shows how the trend of used cars is starting to change. Average vehicle age rose to 7.8 years in 2014, meaning the average car is now one year older than it was a decade earlier. I don’t know about you, but it’s not uncommon now to see cars of around 10 years old still looking very new and modern given the anti-corrosion technologies and increased durability of vehicles. It’s quite rare to see rusted wheels arches like you used to get in the 80’s and 90’s!

Hatchbacks remained the most popular model among used car buyers, showing an increase of 7% year-on-year to a total used car market share of 51%.

Price at 41% remains the single biggest influence when choosing a particular used car, followed by mileage at 32%, and the make and model of the vehicle at 31%.  

However, the importance of make and model rises the more is spent on the car, with 58% of motorists who spent £10,000 or more saying it was important. In contrast, just 15% of buyers spending less than a £1,000 were concerned about the make/model of the car they brought.

Consumer factors when choosing a used car in 2014-2015.

Centre for Automotive Management, University of Buckingham Used Car Market Report 2015
Centre for Automotive Management, University of Buckingham Used Car Market Report 2015

“The 25th edition of the BCA Used Car Market Report provides valuable perspective on this important part of the UK automotive industry”, explained Spencer Lock, Group Managing Director, BCA.

“Used car market values rose to record levels, as did the combined value of new and used cars sold. A record-breaking £88.5 billion was spent on used and new cars last year.  The combined market churn of 9.7 million cars was one of the highest figures on record – only 2003 recorded a higher volume in recent years.”

“The shape of the used car market is likely to change as the new cars sold in the last 3 or more years start to feed into the sector in greater volumes.“


Thank you for reading this WAS Blog post on used car sales figures for 2014 – 2015. Are you a used car dealer looking for an alternative to your 3rd party warranty? Visit our website for details on our self-funded warranty!

Best New Car Sales Figures For January In 11 Years!

UK new car sales kick 2016 off on a high with the best January since 2005.

Latest new car sales figures coming in from the SMMT have revealed 2016 starting on a very positive note for new car sales, which can only be good news for the used car market! I’ll come to that in my next post, but first new car sales.

After a slight slump in the later part of 2015, this January has witnessed the best January for new car sales since 2005 as registrations increased by 2.9% to 169,678 vehicles.

What’s more interesting is the demand for alternatively-fueled vehicles continues to grow in leaps and bounds with January seeing a 32.1% spike bringing the alternative-fueled vehicle market share to 3.6%. Petrol hybrids showed the largest growth – up 44.1%.In this editors eyes that can only be a good thing. Especially after recently sitting in my colleagues hybrid car and being amazed at the quietness and eco-friendliness of the battery powered “silent start” and initial pull off the lights. I’ll totally consider a hybrid for my next purchase! Anyway!Here’s the movers and the shakers on the new car sales front:

  1. Fiesta – 8,353
  2. Qashqai – 4,839
  3. Corsa – 4,803
  4. Focus – 4,285
  5. Golf – 3,813
  6. Juke – 3,446
  7. Polo – 3,298
  8. A3 – 3,227
  9. Astra – 3,185
  10. C-Class – 3,022

It’s worth noting just how well the UK export market is doing. It seems car exports to India have more than trebled in the past 5 years according to data released today ahead of Auto Expo 2016. In 2015, the UK exported 194.5% more cars to the region than in 2010, and 5.4% more than last year, putting India in the UK’s top 10 Asian export markets.

British manufacturers made more cars in 2015 than any year since 2005 when 1,595,697 vehicles were produced.


Thanks for reading this WAS Blog post on new cars sales in January 2016!

New Car Sales Rise In November

The new car market has bounced back following the first dip in sales witnessed during October 2015. November new car registrations returned with a rise of 8% in the month, and 2% compared to the same period last year.

It’s been a funny old few weeks and months of late. A quietness has crept into most forecourts it seems with lower new and used car sales. It’s generally been a quiet period in the UK used car market, but fear not! We all know this time of year can be difficult in the used car trade, however we’re already seeing a turn in the right direction with a rise in sales over November of 178,876 cars, including a 6% rise in alternatively fueled cars bolstering the trend! A total of 2,453,426 cars have been sold in 2015 at the start of December which is a slight, yet always encouraging increase! (Some good old fashioned british optimism there).

Mike Hawes, SMMT Chief Executive, said, “November’s figures come as a reminder of the strength of the UK car market, as low interest rates and competitive finance deals continue to attract consumers to new car ownership. We have been expecting a levelling-off in demand for some time now – a development that is being realised following an unprecedented three-and-a-half years of non-stop growth.”


Thank you for reading this November new car registrations post on the WAS Blog!

 

New Car Registrations Hit September Record

September in the UK motor trade has seen record sales, reinforced by the new 65-Plate registrations. We break down the stats to give you a clear picture of the positive growth!

In a nutshell, 462,517 new cars were registered last month. A strong rise of 8.6% and the highest September on record. Traditionally September is always one of the bigger months in the year due to the “new plate” releases, however this growth was across the board of vehicle types, with demand increases for all fuel types, and from private, fleet and business buyers. September 2015 has marked the 43rd consecutive month of growth!

The SMMT report that the year-to-date total registrations have passed the two million mark in September for the first time since 2004.

The total number of cars registered in 2015 so far is 2,096,886 – 7.1% higher than at the same point last year.

The SMMT report “Gains were made across all market sectors – private, fleet and business – while petrol, diesel and alternatively-fuelled vehicles all saw increased demand. In line with typical performance so far this year, registrations of diesel and petrol cars in September grew 4.1% and 12.3% respectively, and alternatively-fuelled vehicles (AFVs) recorded another strong month with volumes up 21.7%. This puts total year-to-date growth at 3.1% for diesel, 9.5% for petrol and 48.7% for AFVs.”

Mike Hawes, SMMT Chief Executive, said, “September is traditionally one of the year’s biggest months for new car registrations, and last month set an autumn record. With plenty of attractive, affordable deals available on the new 65-plate, Britain’s car buyers – whether private, fleet or business consumers – were busier than ever. The market reached pre-recession levels some time ago, and we anticipate some levelling off in the coming months.”


Thank you for reading this post on September UK Vehicle Sales Figures on the WAS Blog!

 

2015 Witnessing Record Breaking Rise In New Car Registrations

2015 “half year” new car sales up 7% – the highest half-year performance ever recorded.

It’s been a record half-year for UK new car market with a firm 7% raise in the number of new car sales in the first half of 2015 – the highest half-year performance ever recorded. 1,376,889 units were sold between January and June, with Uk buyers choosing more UK-built cars than ever before.

The SMMT commented that “low interest rates and attractive finance deals, combined with a wealth of new models featuring the latest technologies, have continued to encourage consumers to purchase new cars.”


A significant feature of recent months has been a strong surge in demand for alternatively fuelled vehicles, and this was once again the case in June with volumes rising 70.9%


Mike Hawes, SMMT Chief Executive, 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.”


Thank you for reading this WAS Blog post on new car sales between January and June 2015!

UK New Car Sales March 2015 “Longest Period Of Growth”

Buckle yourselves in! For the 37th consecutive month the UK car market has experienced growth, with March 2015 being “the best month this century” for new car registrations!

  • UK new car sales March 2015 figures reveal best month this century with nearly half a million cars registered in March, up 6.0% on same month last year.
  • Fleet market continues to drive growth‎.
  • New car market grew 12.0% in February with 76,958 cars registered.

Figures released today by the SMMT reveal a record breaking 492,774 cars were registered in March 2015. These UK New Car Sales 2015 figures indicate this is the best month since the twice-yearly number plate changes were introduced in 1999! Registrations so far this year have increased by 6.8% to 734,588.

Mike Hawes, SMMT Chief Executive, said, “The best month this century for new car registrations is a welcome boost for the UK’s thriving automotive sector. The challenge for a new government and industry will be to maintain this momentum and to strengthen Britain’s manufacturing capabilities through continued investment, innovation and policies which maintain our global competitiveness. Whatever the general election result, the new government must keep up the commitment to the sector which is delivering at home and abroad.”

Looking back a month further, February is traditionally one of the quietest months of the year ahead of a number plate change in March, yet the market grew 12.0% with 76,958 new cars registered.


“The UK car market’s sustained expansion is the longest ever seen, beating the previous record of 26 months set in the late 1980’s” – SMMT.


The number of new cars registered has risen every month since March 2012, as the UK continues to bounce back from the recession and consumer demand has been driven by exciting new products and attractive finance deals.

Mike Hawes, SMMT Chief Executive said, “Three years of continuous growth in the new car market is remarkable and reflects the strong upturn in the confidence of UK car buyers since the recession.”


Thank you for reading this post about UK New Car Sales 2015 on the WAS Blog!

January Car Sales 2015 – Off to a good start?

Strap yourselves in, because the very first new car registration figures of 2015 are out! Could we see another rise in sales to make it the 35th consecutive month of growth?

To answer this question – YES! The January car sales 2015 figures are out, and they reveal a total of 164,856 cars were registered during January 2015.

These numbers released by the SMMT and represented a 6.7% rise in the number of registrations, and the strongest January performance since 2007!

These stats also make this a record growth period for the whole market, with January 2015 marking the 35th consecutive monthly rise in sales.

Mike Hawes, SMMT chief executive, said: ‘These figures mark an encouraging start to the year after a very strong 2014, with a strikingly robust company car market as businesses take advantage of the attractive finance offers currently available.

‘January saw increased uptake of both petrol and diesel cars, while demand for alternatively-fuelled vehicles continued its surge with registrations rising by 60.8 per cent. Registrations of plug-in vehicles were particularly strong as consumers responded to a greater choice of makes and models delivering lower running costs.

‘Last year’s 9.3 per cent rise in the overall market was fuelled by stronger-than-expected economic confidence and, for 2015, we expect to see some levelling-off throughout the year: demand is back to pre-recession levels following record-breaking growth.’

As Hawes indicated, the figures display particularly strong growth in the area of company car registrations, up 18.1 per cent on January 2014.

Fleet registrations have been increasing consistently since 2012 as UK business confidence has bounced back since the recession. Just 882,415 cars were registered to fleets in 2009; this grew to 1,178,416 in 2014. Currently, the strong pound means that manufacturers can offer attractive finance packages to fleet buyers in the UK.


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UK Car Market Shows 30th Month Consecutive Growth

The UK new car market has experienced it’s 30th month of consecutive growth in August, according to the SMMT.

Figures for a thriving car market report that 72,163 new cars were registered in August, which is a 9.4% rise compared to August 2013. These positive figures reveal a 30th month of consecutive growth in the new car market, considering that August is usually the quietest of the months for new car sales making up just 3% of the annual total. September by comparison contributes on average 18% of the annual sales.

Mike Hawes, SMMT Chief Executive, said, “New car registrations reached two-and-a-half years of consecutive monthly growth in August, as confident private and fleet consumers continued to snap up enticing deals on a wealth of advanced new products.

“The UK’s performance in the context of Europe is particularly impressive, with growth consistently ahead of the rest of the EU for the past two years. As the UK market starts to find its natural level, we expect to see the growth level off during coming months.”

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Header Image Credit: Niels Paul via Flickr