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August sees new car market improvement

Fiesta

Figures released today by the SMMT show that new car registrations in August rose – the first improvement in over a year. A total of 59,356 units were recorded during August up 7.3% compared to 12 months ago.

 

“New car registrations in August rose for the first time since June 2010, up 7.3% to 59,346 units. August represents a relatively small share of the new car market and the September new 61-plate registrations will be far more important for vehicle manufacturers and franchised dealers,” said Paul Everitt, SMMT Chief Executive. “The September new car market is always important for the UK motor industry, accounting for around 17% of the full year’s registrations. Consumers are nervous about the future, but with industry offering unprecedented improvements in fuel economy, competitive finance offers and a wide variety of new models, buyers will find there is something to suit every taste and pocket.”

 

Traditionally August is the quietest month of the year for new car registrations, with August 2010 accounting for just 2.7% of annual registrations. Diesel power remained the most popular engine choice, with 51.4% of cars having an oilburner under the bonnet, while alternative fuels (such as hybrid and electric) saw a 11.8% reduction in registrations.

 

Both private and fleet/business registrations performed well, with private up 10.7% and fleet up 4.5% – and fleet remained the biggest segment accounting for 55.6% of all registrations.

 

The trend in downsizing continued as the supermini segment rose by 17.6% to account for 37.3% of the August market. And the most popular UK car remains the Ford Fiesta with 3,213 cars finding homes during the month.

Most Popular Cars August 2011:

Number Make Model Units
1 Ford Fiesta 3,213
2 Vauxhall  Corsa 2,901
3 Ford Focus 2,858
4 Volkswagen  Golf 1,995
5 BMW  3 Series 1,739
6 Vauxhall Astra 1,613
7 Volkswagen Passat 1,526
8 Volkswagen Polo 1,467
9 Nissan  Qashqai 1,312
10 Audi  A3 1,125

 


Source: Contracthireandleasing.com