It is hard to believe that it was over six months ago when the GForces team was donning their Christmas jumpers and gearing up for a holiday season full of stretchy pants, excessive consumption of turkey and roast potatoes, and endless hours of TV and family board games. But now we are half way through 2014, the winter blues have cleared with sunshine all around, and the automotive industry is looking strong.
- June saw new car registrations rise 6.2% to 228,291 units (SMMT)
The industry has had an impressive start to the year with June adding yet another month of growth in new car registrations. The top selling car of the month was the Ford Fiesta with 11,213 registrations, followed by the Vauxhall Corsa and Ford Focus with 7,961 and 7,399 sales respectively.
- 1,287,265 new cars registered in first six months of the year – a 10.6% rise and the best half-year total since 2005 (SMMT)
- Market on track for 2.4 million new car registrations in 2014, up more than 6% on last year (SMMT)
Carmakers have targeted the UK with attractive finance and PCP deals to compensate for a weak market in Europe, and recovery in the UK has certainly improved.
Mike Hawes, SMMT chief executive, said: “Improving economic conditions have helped propel the UK new car market to a strong first half-year performance, with registrations up 10.6% 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% increase in alternatively-fuelled vehicle registrations so far this year.”
- Consumer demand for efficiency has driven alternatively-fuelled vehicle registrations up 51.3% to 23,337 units year-to-date (SMMT)
Mr Hawes finished by saying: “The overall market has risen faster than we were expecting but, after a bumper March, growth is showing signs of stabilising around our forecast level.”