Fleet sales underpin 11.3% increase in November new car registrations
The market has grown 5.4% in the year to date and this puts the full-year market on track to be the best since 2008.
As a result, the UK is now the second largest new car market in Europe, following growth in the UK over the last 10 months and a drop in demand in the other big markets.
Registrations to fleets in the year to date are 958,517 – marginally up on last year in absolute terms and still half of all sales, with small businesses accounting for a further 4.4%. Sales of alternative fuel vehicles dropped 10% in November, but are still 11% ahead for the year.
Sales of pure EVs in the year to date total 1,145 – 8% up on last year.
Questions have been raised recently by some of the RV guides about the extent to which self-registrations by motor manufacturers are distorting the overall market. But David Raistrick from Deloitte’s automotive team said that this was not the full story and that the UK market had fared significantly better than each of the European markets.