New car registrations increased by 6.2 per cent in June 2014 compared to 12 months before, figures have revealed.
The data from the Society of Motor Manufacturers & Traders (SMMT) shows that 228,291 new vehicles were sold last month. In total, across the first six months of the year, over 1,287,265 units have been registered – that is a rise of 10.6 per cent on 2013 and the best half-year figures since 2005.
The increasing sales numbers for new cars will filter through the entire motor trade industry, too, with used car dealerships seeing a rise in the number of people trading in older models when purchasing a new car, and mechanics and garages also benefitting from an upturn in motoring activity. At Bollington we urge firms to diligently examine how any changes in business activity might effect a motor trade insurance policy; it is essential that you have comprehensive cover that meets all your needs, so if these needs change when business improves, make sure the insurance policy remains adequate.
SMMT’s research revealed that the Ford Fiesta remained the best selling car, shifting over 11,000 units, with the Vauxhall Corsa (7,961) and the Ford Focus (7,399) coming second and third respectively.
Mike Hawes, SMMT chief executive, commented: “Improving economic conditions have helped propel the UK new car market to a strong first half-year performance, with registrations up 10.6 per cent on the same period in 2013.
“Key to attracting consumers is the ever-improving efficiency of new cars, an important factor that is highlighted by the 51.3 per cent increase in alternatively-fuelled vehicle registrations so far this year.”