Car dealers predict UK sales will reach 3 million by 2017

Car dealers predict UK sales will reach 3 million by 2017

Some of the UK’s most high profile owners of car dealerships have predicted that new car sales will total up to 3 million units by 2017, reports Autocar.

Speaking at the Autocar Awards, five of the UK’s major distributors for manufacturers such as Ford, Hyundai and Volvo predicted that sales of new cars in the UK would range between 2.8 and 3 million units every year from 2017 onwards. If this figure is achieved, then it will put the UK behind only slightly the 3.2 million sales predicted for Germany, the powerhouse of Europe.

With the new car sector booming, you may be thinking of expanding your business or adding to the volume of stock you hold. If so, you must ensure that you have the right levels of insurance to cover your vehicles by having a good motor trade insurance policy, as well as road risks insurance.

To put the prediction in context, UK car dealers shifted around 2.6 million units in 2015 — a new record at the time. Previous to that, the average new car sale figures have floated around the 2 million mark — only in a rich vein of 2002-2004 did new car sales regularly smash the 2.5 million milestone.

Nevertheless, confidence within the sector is at an all-time high. For example, Andy Barratt, the Ford of Britain boss, said: ”We can certainly see a 3 million unit market next year if the current growth rate continues.” He then added that Ford is already “geared up” for 2.8 million units to be sold in 2016 — an increase of around 200,000 cars for Ford alone compared to 2015.