UK new car sales rise 6.7% in January to 8-year high

1st April 2015

UK new car sales rise 6.7% in January to 8-year high
Even better news is that continental Europe has also seen signs of recovery

Demand back to pre-recession levels.

Sales rose by nearly 10% in 2014 to hit their highest level in a decade.

So having British new car registrations up by 6.7%* in January this year
is astonishing.

Highest new car sales for a January since 2007

With sales in January 2015 totalling 164,856 units, compared to
154,562 units in January 2014, it’s likely there will be some slowing of
demand throughout the year – but on the whole it’s great news for the automotive manufacturing  industry. Car sales were badly hit by
the economic downturn which started in 2008, with new registrations
dipping below two million in both 2009 and 2011.

UK is the second largest market in the EU after Germany

The numbers mean the UK retained its ranking as the second largest market in the EU for new car sales, after Germany. Sales of electric cars saw the
biggest growth last year, with sales quadrupling to  14,498 from 3,586 in 2013.

 

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