Fleet News

New car market registers its 42nd consecutive month of growth in August

The new car market recorded its 42nd consecutive month of growth in August – albeit in one of the year’s quietest months – according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).

New car registrations increased 9.6% to 79,060 for the month, with fleet and business registrations accounting for 52.7% of the market, equating to 41,698 units.

Comapred to August, 2014, fleet and business registrations were around 12% higher during the month and 11% more year-to-date. There have now been 882,548 units registered to business and fleet so far this year, equating to 54% of the overall market.

The market for alternatively-fuelled vehicles, meanwhile, grew 52.3% year on year, maintaining a steady 2.4% share of the overall market.

Mike Hawes, SMMT chief executive, said, "August’s strong performance has again been driven by attractive finance deals and a diverse range of technologically advanced models. 

“Britain’s budget-conscious buyers are taking advantage of low regular monthly payments that provide certainty and affordability.‎ With September's new 65-plate now in full swing, we expect UK showrooms to be as busy as ever.” 

Login to comment


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