February 2015 has seen further growth by 12.0% in new car registrations meaning the UK is currently enjoying its largest ever period of growth which has been going on for 36 months now which is a new record, the previous record was 26 months and that was set in the late 80s. We reckon the main reason behind this is the amount of finance deals that are now available.
Registrations of fleet and business cars have outpaced the private market in February, reflecting the increased business confidence across the UK. With most fleet car buyers on a three-year replacement cycle, many of those cars purchased at the beginning of the current growth period are now due for replacement. Over the course of 2015, however, we are expecting a more stable market to emerge given there has already been an extended period of consistent growth.
There aren’t too many surprises in the list of best sellers that the SMMT published, the Ford Fiesta tops the list though we were somewhat surprised Mercedes Benz C Class. Interestingly enough, the best selling car of the last boom in the 80s was the Ford Escort, so it’s clear that Ford know how to make a popular car.
|1||Ford Fiesta||4,096||1||Ford Fiesta||12,770|
|2||Volkswagen Golf||3,177||2||Vauxhall Corsa||9,709|
|3||Vauxhall Corsa||2,830||3||Volkswagen Golf||7,564|
|4||Vauxhall Astra||2,396||4||Ford Focus||6,845|
|5||Ford Focus||2,021||5||Nissan Qashqai||6,476|
|6||Nissan Qashqai||1,800||6||Vauxhall Astra||5,392|
|7||Vauxhall Insignia||1,797||7||Audi A3||5,257|
|8||Mercedes-Benz C-Class||1,686||8||Mercedes-Benz C-Class||5,220|
|9||Audi A3||1,609||9||Volkswagen Polo||4,783|
|10||Fiat 500||1,436||10||Fiat 500||4,581|