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UNITED KINGDOM
Britainís car sales boom, can it last?
UKís car shopping spree sees 25 months of unbroken credit-fuelled growth
Published: Thu, 01 May 2014 17:45:45 GMT
 

Union Jack 2014MY BMW Mini

After navigating some of the most treacherous stormy seas for close on two decades, Europeís carmakers were treated to yet another nugget of good news from the UK, where car sales have now risen for 25 consecutive months. After rising during each and every month for the past two years, sales this March ended with a bang, thanks chiefly to higher demand from private buyers

Typically the biggest car sales month of the year, March car sales in the UK soared 17.7 per cent to 464,824 units, which marks the far and away hottest car sales streak seen in the UK so far this year. 

Other than that, and yet another sign of strengthening UK consumer confidence, the strong rate of growth seen in the UK this March also underlines consumersí willingness to take on debt.

53.1%
New cars sold this March were bought by private buyers


Dealersí tills were kept ringing chiefly because more of Britainís cheque-ready private buyers were tempted into richly stocked car showrooms. 

Figures from the Society of Motor Manufacturers and Traders (SMMT) reveal that 53.1 per cent of the new cars sold this March were bought by private buyers. 

This compares with 51.7 per cent during the same month last year.

Rekindled interest from private buyers was also the story of this yearís first quarter, with figures showing that the robust double-digit car sales expansion seen during the first three months of this year was fuelled in the main by private buyers. 

Whereas demand from Britainís fleet business rose 8.7 per cent during the three months to March, demand from private buyers during the same spell rose by more than twice that rate
...more 


MORE LIKE THIS:


> UKís unwavering solo move to pre-crisis annual car sales levels  16 Jan 2014


> What downturn?  17 Jan 2014


> STOCK MARKET VIEW | Lame recovery replaces European slump  03 Mar 2014


DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

UNITED KINGDOM new CAR sales:

by manufacturer and marque
MARCH 2014 v MARCH 2013
3-MONTHS 2014 v 3-MONTHS 2013

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