Fleet News

February new car sales plunge but T-plate surge anticipated

NEW car sales - both fleet and retail - plunged as expected last month, but manufacturers and dealers remain optimistic that last week's launch of the T-plate will see sales surge. Consequently it is expected that new car sales figures for the first three months of this year will be little different to last year's first quarter tally of 622,562 units of which 291,404 were fleet.

Industry pundits expect this year's March sales to total anything between 300,000 and 380,000 units compared with 213,374 units in March last year of which 102,777 were fleet. So with fleet sales this month expected to account for close to 50% of the total March market it could be that first quarter fleet sales will be close to last year's equivalent total as fleet sales in the first two 'slump' months of this year stand at 134,475 units (1998: 189,025), while total market new car sales figures stand at 265,882 (1998: 409,188).

Top 10 best-selling fleet manufacturers in February were: Ford 9,356, Vauxhall 7,905, Volkswagen 4,553, Peugeot 4,542, Renault 4,261, Fiat 2,653, Rover 2,260, Nissan 1,585, Citroen 1,109, Toyota 1,035.

Top 10 best-selling fleet models in February were: Ford Mondeo 3,306, Vauxhall Vectra 3,001, Vauxhall Astra 2,620, Volkswagen Golf 2,425, Ford Fiesta 2,296, Ford Focus 1,930, Renault Clio 1,886, Peugeot 306 1,880, Renault Megane 1,638, Fiat Punto 1,512.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee