Good news from the car industry this week and, really, good news for everyone: new car sales rose by 20% to 1.1 million in the first half of this year, according to the Society of Motor Manufacturers and Traders (SMMT).
SMMT figures show a rise in company car orders helped offset the ending of the scrappage scheme. Fleet sector registrations were up by 25%, which is something we’re very pleased to hear.
It will be interesting to see how the next six months pan out but, as long as access to credit continues to improve, I think we could see more growth. Looking further ahead, the rise in VAT next January could cause an upturn in leasing over buying. We’ll see.
The Ford Fiesta was the bestselling car over the six-month period, while the Vauxhall Astra was the biggest seller in June. Interestingly, alternatively fuelled vehicles (AFVs) – that’s hybrids and the like to you and me – recorded their largest ever market share (1.2%) in June. AFV sales were up by over 150% between January and June this year.
We can source and finance the purchase of Ford Fiestas, Vauxhall Astras, hybrids and much more. Check out the website for deals on a Nissan Primera 1.8 SX 5-door hatchback and a great Mercedes CL600.
To have a chat about buying or leasing a new or used car or van, contact Gary at GWA Cars & Finance on 01243 510 650 or sales@gwacars.com.