The number of Brits who are looking to buy new cars is on the rise, as the volume of sales of brand new vehicles continues to increase in 2015, hitting record highs, the latest data has shown.
According to the Society of Motor Manufacturers and Traders' (SMMT) data for August this year, new car sales topped 1.6 million plus by the end of August. This makes 2015 the quickest year for the sale of new cars ever recorded.
The 42nd month in a row of growing sales figures has given the industry a boost to a record level, and is no doubt a pleasing figure for the government after it promised to support the industry in the wake of the election win in May.
SMMT figures indicate that year-to-date sales to the end of August are 6.7 per cent higher in 2015 than they were just 12 months ago. Finance agreements are also on the rise as budget-conscious buyers look out for the very best deals around.
As many as 79,060 new registrations were issued last month, which the SMMT said represented a 9.6 per cent rise when compared to the same month just a year ago, showing just how well the market has performed in recent times.
Chief executive of the SMMT, Mike Hawes says that "attractive" finance agreements and a better choice of cars with fantastic features and technological advances can be praised for the fact that the market has improved so much in the past year.
The most popular vehicles among buyers in the past 12 months have been Fords, with both the Fiesta and the Focus proving to be popular buys, while the VW Golf, Vauxhall Corsa and VW Polo round off the top five.
Looking forward, experts expect that the next few months will continue to be strong for the market, with the release of the new 65 plate likely to encourage even more sales in the final four months of 2015.
Posted by Danielle Barge