Fleet sales rise again in March
The figures for last month show that fleet registrations rose 20.9% to 164,250. This compares to the 135,809 registered for a difficult March 2009. And the business sector for sub-25 fleets registered a total of 20,690 vehicles, up 8.8% from the 19,009 registered in March 2009.
The latest figures for fleets follow the positive results seen in January and February, leading to a growth trend for the quarterly stats. For fleet registrations, the market saw a lift of 19.4% for the first three months of the year, rising to a total of 272,516 units compared to the 228,329 seen for the same period last year. In the business sector, Q1 registrations were up 8.8% to 30,676, from 28,190 for the first three months of 2009.
However, the strongest results were seen in the retail figures, which were up 33.5% in the month and 37.8% in Q1, helped by the positive influence of scrappage.
Overall, in March 397,383 new cars were registered, a 26.6% rise on March 2009.
Looking at the growth across all the sales types, the SMMT has said that this demonstrates underlying stability, which should sustain the post-scrappage market although conditions will continue to remain challenging.
'The UK motor industry has enjoyed a better than anticipated first quarter of 2010,' said Paul Everitt, SMMT chief executive. 'A strong March performance was underpinned by the scrappage incentive and improving demand in the fleet sector. The coming months will remain challenging and headline registration numbers are expected to dip, but underlying demand will continues to improve slowly.'