Fleet sector registrations up 25% in June
The SMMT data shows that fleet sales were up 25.3% last month to 100,250 units compared to 80,016 in June 2009.
The SME market also saw a significant boost, with new car registrations to the sub-25 fleet market up by 18.4% to 10,516 units, compared to 8,883 in June 2009.
Private demand was almost unchanged, down 3.3%.
The latest rise in fleet registrations has helped contribute to an increase on the year-to-date figures. For the fleet market, new car registrations for the first six months of 2010 were up 16.8% to 519,933 units compared to 445,183 for the same period in 2009.
The sub-25 business market was also up year to date, with registrations of 53,574 units up by 6.4% over the total of 50,370 units recorded for the first half of 2009.
Private demand was up by 24.6% year to date despite the end of the scrappage scheme. However, the SMMT has warned the industry to brace itself for a downturn in the second half of the year.
‘The new car market continued to perform above expectations in June, with fleet sector registrations up 25% compared to this time last year. The results indicate improved business confidence and a strengthening economic recovery,’ said Paul Everitt, SMMT chief executive. ‘The industry still expects challenging economic conditions in the second half of the year and government action to improve access to credit for consumers and businesses will be important in sustaining the momentum of recovery.’For more of the latest industry news, click here.