2014 car registrations hit 10 year high
Commenting on the SMMT’s new car registration figures, Sue Robinson, director of the National Franchised Dealers Association (NFDA), said: It is extremely encouraging to see that the car market hit a ten year high in 2014, which represents franchised car and commercial vehicle retailers across the UK.”
New car sales figures released today show sales rose 9.3% over the previous year in 2014. Every month in 2014 saw an increase, with December’s 8.7% rise marking the 34th consecutive month of growth.
Sue said: “Increased retail demand drove UK sales in 2014 as the UK car market recorded its best performance since 2004.
“Competitive offers by manufacturers along with strong finance offers boosted sales as consumer confidence returned to the market.
“Car showrooms have reported increased sales activity and interest from consumers looking to replace their vehicles, which is some cases are part of the aging car park or not as fuel or energy efficient as modern vehicles.
“The NFDA expect the market this year to continue to perform well and to build on the success of 2014.”
