Fleet News

Fleet sales reach record high in 2002

FLEET sales in 2002 broke all records, climbing a massive 16% year-on-year. Total fleet registrations last year reached 1,326,865 units, compared to 1,245,805 in 2001. Private registrations totalled 1,236,766 units. Total registrations across all sectors rose 4.3% in 2002 to a record 2,563,631.

Society of Motor Manufacturers and Traders' chief executive Christopher Macgowan said: 'Last year's new car market was marked by two important facts; sales smashed the 2.5 million barrier for the first time and the UK cemented its position as the second largest new car market in Europe.'

December's market grew by 14.3% to a best-ever 144,576 units.

'New car buyers have increasingly focused on smaller cars and a new generation of greener diesel models, taking advantage of cheaper motoring costs as well as tax breaks for lower carbon dioxide emissions. We fully expect these trends to continue into 2003,' Macgowan said.

The SMMT believes 2003 new car registrations will dip to 2.38 million units. But it also predicted a fall in registrations in 2002 from the previous year.

  • For full analysis of year 2002 registrations see the January 16 issue of Fleet News. To subscribe call 01858 435363.
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