Latest registration figures show continued recovery in fleet sector
According to the latest SMMT data, a total of 31,544 new cars were registered to fleets in August – up by 8.2% on the total of 29,146 for August 2009.
However, the picture was less rosy for the sub 25 fleet sector, with registrations to small fleets down by 27.4% last month, to a total of 1,574 units.
Meanwhile, the consumer sector saw registrations plummet 37.8% to 22,187 units and the total market figure was down 17.5%.
Year to date, the figures remain more positive. Fleet sales are up 14.5% on the first eight months of 2009, standing at 625,438 units, while small fleet registrations remain up 3.5% at 61,886 units. YTD consumer sales were also up on 2009, by 12.9%.
'New car registrations were down 17.5% in August and conditions will remain challenging through the rest of the year,' said Paul Everitt, SMMT chief executive. 'The industry enjoyed a better than expected first half of the year and, despite the difficulties, SMMT is forecasting that new car registrations will close just ahead of 2009 figures.'For more of the latest industry news, click here.