Strong new car registration figures revealed
Figures released by the Society of Motor Manufacturers (SMMT) have shown that November was a particularly strong month for new vehicle registrations, with Ford car dealership owners reporting a significant increase in sales.
According to officials from the SMMT, the demand was primarily generated by a stronger appetite from private buyers, with 149,191 units sold in total throughout the month of November. This, impressively, represents an 11.3 per cent increase on the previous month's figures, which in themselves were encouraging. Cars purchased for business purposes also fared well, meanwhile, registering a 5 per cent increase on the same period last year; in total, 83,864 fleet vehicles were sold, compared to 79,766 in November 2011.
The chief executive of the SMMT, Paul Everitt, said that the perhaps surprisingly strong results which were recorded throughout November mean that the UK now has the second largest new car market throughout the whole of Europe, serving as an indication of the greatly improved vehicle sales industry at home.
Discussing the encouraging performance, the head of retail and wholesale at Barclays, Richard Lowe, said that, although 2013 is still likely to bring challenges, given the continuing unstable nature of the global economic situation, it is clear that the sector is now much more 'resilient and dynamic' than has been the case over the last few years, and that it is able to cope with the changing demands of consumers with improved confidence.
Sales of used Ford cars have also been buoyant over the last month, but there can be no doubting that the most impressive performances throughout November were seen across showrooms which stock new models. This trend may well continue into the first few months of 2013 as the car buying public eagerly awaits the release of widely anticipated new models such as the latest edition of the UK's best selling car, the Ford Fiesta.
Image credit: Harsha K R (flickr.com)