Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo

January registrations at highest level since 2005

The UK new car market hit the ground running in January, with rises in fleet and overall registrations and a new milestone for alternatively fuelled vehicles.

carpark

Fleet registrations saw a 1.4% rise to 91,181 units in January 2017.

A total of 174,564 vehicles were registered last month according to new figures from the Society of Motor Manufacturers and Traders (SMMT) – a 2.9% year-on-year uplift and the highest level since 2005.

Fleet registrations saw a 1.4% rise to 91,181 units while the sub-25 ‘Business’ sector fell by 1.0% to 6,654. However it was private registrations that led the growth, with 76,729 new cars registered – up 5.0%.

January also saw the alternatively fuelled vehicle segment reach a new milestone, with registrations up 19.9%, pushing market share to 4.2% –  the first time 4% has been surpassed. Across other fuel types there was a mixed picture with diesel registrations down -4.3% but petrol registrations up 8.9%.

Looking ahead, Mike Hawes, SMMT chief executive, commented: “After record growth in 2016, some cooling is anticipated over the coming months, but provided interest rates remain low and the economy stable, the market is in a good position to withstand its short-term challenges.”

For more of the latest industry news, click here.

Related Post

Natalie Middleton

The author didn't add any Information to his profile yet.


Strict Standards: mktime(): You should be using the time() function instead in /var/www/vhosts/fleetworld.co.uk/httpdocs/wp-content/plugins/custom-background/includes/class.BackgroundsFrontend.php on line 347