Fleet registrations propping up small growth in UK new car market

4th November 2016 | 0 Comments
 
Fleet registrations propping up small growth in UK new car market
October new car registrations 2000 to present

The Society of Motor Manufacturers and Traders (SMMT) reports 180,168 new cars were registered in October, representing modest growth of 1.4 per cent. The growth was largely supported by fleet registrations, with private buyers continuing the trend of small declines. Registrations of alternatively fuelled vehicles continued to show growth in double digits, while the overall total for the year is also growing marginally, showing the resilience of the market. Analysis from KPMG suggests that predicted incremental price increases will not severely affect the market, though lower figures are anticipated in 2017.

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Category: Market Info, UK News

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