Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo

Fleet sales up 10.3% in 2010

By / 7 years ago / Latest News / No Comments

The SMMT data also shows an increase in registrations to sub 25 fleets, which rose 1.4% in 2010 to 99,608 units.

The rises in the fleet and small business segments contrasts to a 5.6% decline in private registrations, which slipped following the ending of the scrappage scheme. However, the overall new car market was up 1.8% in 2010, compared to 2009.

The latest figures mean that fleet and small business registrations now jointly hold a 52.8% marketshare compared to 49.1% for 2009.

Looking at the figures for the month of December, fleet registrations were up 5.1% to 64,003 units, while registrations to sub 25 fleets were up an impressive 14.8% to 7,731 units.

This compares to a 37.5% decline in private registrations. Overall new car registrations were down 18% compared to December 2009. 

Commenting on the results, Paul Everitt, SMMT chief executive, said: '2010 was a year of recovery for the motor industry with new car registrations up 1.8% on 2009. Economic conditions remain extremely challenging, but industry expects demand to strengthen in the second half of the year. Competition in the retail sector will intensify as the industry seeks to re-balance demand across its new and used car and service and repair business. UK motor manufacturing recovered particularly well in 2010 and the outlook is for further steady growth this year.'

Related Post

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

Leave a comment

You must be logged in to post a comment.