November car registrations bring continued growth for fleet sector
The data from the Society of Motor Manufacturers and Traders (SMMT) shows that 178,876 cars were registered in the month, an increase of 3.8% over November 2014. This follows October figures that brought the car market’s first decline in monthly registrations following a record 43 months of growth. Meanwhile the overall market in the first 11 months of 2015 has seen 6.2% growth to 2,453,426 units.
The fleet market remained positive, with registrations of 94,462 units up 8.7% on the 86,903 units recorded in November 2014. However the sub-25 business market saw a drop of 31.9% from 7,961 units to 5,420.
Year-to-date, the fleet sector is up 11.6% to 1,214,563 units from 1,087,941 for the first 11 months of 2014. In contrast the business sector has seen a fall of 5.3% from 107,346 units to 101,649. Overall, 2,453,426 cars have been registered in the year-to-date – an increase of 6.2% over the same period last year.
The figures also show that demand for both petrol and diesel models remains robust with respective gains of 3.8% and 3.6%. However, Volkswagen’s overall registrations fell 20% following the emissions crisis whilst SEAT was down 23.8%, Skoda fell 11% and Audi was down 4.4%.
The figures also show that the popularity of alternatively fuelled vehicles continues to grow with an 8.6% uplift.
Mike Hawes, SMMT chief executive, said: “November’s figures come as a reminder of the strength of the UK car market, as low interest rates and competitive finance deals continue to attract consumers to new car ownership. We have been expecting a levelling-off in demand for some time now – a development that is being realised following an unprecedented three-and-a-half years of non-stop growth.”