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Some research has recently been carried out by the Society of Motor Manufacturers and Traders and it has revealed that for the 32nd consecutive month here in the United Kingdom, new car registrations have continued to rise. Over two million new models have been registered over the course of the past year from October with the total figure coming in at 2,137,910 vehicles registered.
That means an increase of 14.2 percent in October from the duration of the previous year. It has been stated that customers owning vehicles via a finance agreement have been the most popular choice over the last year. This is the highest year for car sales that the UK has received in the past nine years only just surpassing the year of 2005.
Which vehicles are the most purchased here in the UK?
There are the same familiar faces that come into play here when it comes to the best selling vehicles in the UK. It comes as no surprise to us that the Ford Fiesta and Focus are in this list with a just a number of months ago, the Fiesta being named the best selling car in the UK ever. Other models such as the Vauxhall Corsa city car and the best seller for the first six months of this year, the Volkswagen Golf are also included.
Hybrid/EV models also continue to contribute to vehicle sales in the UK as their sales figures continue to rise by fifty percent on a month to year structure. Mitsubishi have dominated the hybrid market with them taking 58% of sales of plug in hybrid models with their Outlander. For the month of October it has been reported that around 180,000 vehicles were sold in the United Kingdom.
Will new registrations continue to rise throughout this year and 2015?
With the amount of brand new vehicles that are expected to be introduced throughout the rest of this year and next, new car registrations could very well continue to rise. With the end of this year vastly approaching and many models set to debut in 2015, the amount of customers part exchanging vehicles for a more up to date model with newer technology could very well be that stepping stone that the UK needs in order to continue this vast growth of new car registrations up and down the country for another year.