10 Year High for New Car Sales

New Car Sales reach 10 year high

There has been over 12 months of consecutive increases in the number of new car sales and the month of March seems to have shown the biggest increase of them all. Last month, new car sales rose to a whopping 465,000 which is an increase of 18 percent compared to last years figures.

Figures have recently been revealed by the Society of Motor Manufacturers and Traders (SMMT) which has indicated a new 10 year high and just missed out on the record achieving figures of 2004.

It is believed that improved technology and improved fuel economy and efficiency figures are to be the driving force behind motorists investing in new car models. There has been a number of new trend emerged this month, as more and more motorists look to move towards smaller cars and MPV models.

Other factors such as the contract hire and other finance deals have also contributed towards the success of the sales figures. We at Shortfall have constructed a number of posts based on the finance deals available for new car models.

Alternatively fuelled models such as hybrids and electrically powered models have been amongst the best selling models with the likes of the Nissan Leaf, BMW i-3 and the Volkswagen e-Up have all shared a total of 9,000 sales between them.

The consistent performers such as the Ford Fiesta, Focus, Vauxhall Astra and Corsa models all featured amongst the best selling cars once again. The Vauxhall Astra model has been a driving force for British manufacturing and has achieved over 17,500 sales since January this year.

It is also clear to see a change in colour preference. Back in the best selling year of 2004, the most popular shade of colour to have was silver and this time round it seems to be the colour white. The Ford Fiesta Ice White seems to have been the driving force behind the colour change.