More good news for Car Dealers

New car registrations have seen a rise of 9.4% to 72,163 units this August compared against August of last year. This is the 30th consecutive growth.

There has been a rise of 10.3% in sales to private buyers for the month and year to date are ahead 11.3% while those to fleets rose 10% and year to date are up 8.1%.

Year-to-date registrations rose 10.1% to 1.5 million units, according to figures from the SMMT.

August is a quiet month for new car registrations, a precursor to September, which accounts for 18% of annual registrations.

SMMT chief executive Mike Hawes 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.”

If you are a motor trader who has benefited from these results, be sure to check that your insurance policy is up to date and covers the extra generated revenue. A good motor trade insurance policy protects and covers you against loss and problems even through good business periods.

Leave a Reply

Your email address will not be published.