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New Car Registrations

New Car Registrations Reach New High In 2015

Registrations Hit Record 2.63 Million In One Year

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2015 became a record breaking year for car sales. A whopping 2.63 million new cars were registered last year, making it the fourth consecutive year of sales growth.

Previous Record

The previous record was set in 2003, which saw 2,579,050 new cars registered. 2015 was the first time that the market passed the 2.6 million mark, and it’s only the fourth time that it has exceeded yearly registrations of 2.5 million.

Petrol, Diesel or Alternative?

Both petrol and diesel fuelled cars were pretty much evenly matched, taking up 48.8% and 48.5% of the sales market. Petrol engine cars saw a rise of 8.4% from the previous year while its diesel counterparts rose by 3%. Alternative fuelled vehicles on the other hand, only took up .3% of the market share, but this represents a massive year-on-year growth of over 40%!

Why Has 2015 Broken The New Car Registration Record?

It is thought that the record breaking year is down to a number of factors, one of the main ones being the attractive finance deals coupled with low inflation. This has given prospective buyers more confidence. High-tech cars offering greater fuel efficiency have also helped sway sales towards new cars, as level headed customers look to help improve the environment and their bank accounts.

2016 Expectations

According to Andy Barratt, Chairman and Chief Executive of Ford of Britain, new vehicle registrations could hit up to 2.8 million in 2016. This is based on what he believes to be the continued strength of sterling, low interest rates, and consumer confidence being at its highest level for 15 years. Source: www.motortrader.com (move this reference to the bottom of the page)

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