UK Used Car Sales Figures 2016

UK Car Market Shows 30th Month Consecutive Growth

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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