Number of monthly sales of new cars hits 21st century high

Number of monthly sales of new cars hits 21st century high 14th April 2015

The number of cars registered in the UK in March was the highest at any point in the 21st century, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). 

It said that in March, there were some 492,774 new registrations recorded across the UK, which it said was the highest for any month since the middle of 1998, as well as being the fastest March of all time in terms of new registrations. 

The new car market has now enjoyed 37 months of consecutive growth, and March's figures were some six per cent ahead of what we saw last year, according to the statistics. It also said that the Ford Fiesta was the most popular car in March, followed by the Vauxhall Corsa and the Ford Focus. The Nissan Qashqai and Volkswagen Golf filled out the top five. 

Looking forward, the SMMT said it wants the government to do more to help continue this trend after the general election. It said that regardless of who is in power, the goal will be to maintain the momentum in the new-car market, although this will bring with it a number of challenges. 

The company believes that the key will be to ensure that the economic condition in the UK is such that people continue to feel positive about the prospect of buying a new car, while it also wants to see the government doing more to ensure the country remains a powerhouse for the manufacturing of new vehicles, which is something the previous government promised in its Budget announcement last month. 

Posted by Danielle Barge