JANUARY 2016 - 2015 RECORD YEAR FOR NEW CAR MARKET AS REGISTRATIONS HIT 2.6 MILLION

Date: Fri 25th November 2016   |   Author: Nick Saunders

AutoProtect Review of 2016

As 2016 draws to a close AutoProtect has revisited some of the biggest motoring news stories of the year and brings you up to date.

https://www.smmt.co.uk/2016/01/record-year-for-new-car-market-as-registrations-hit-2-6-million-in-2015/

Update

By the end of October new car registrations had risen year-on-year to 2.3M, up 2.5%. However, this growth was largely driven by fleet sales and private buyer activity falling very slightly. There also appears to be a growing upward trend in pre-registration activity with the BBC reporting that up to a fifth of new car sales are in fact pre-registrations http://www.bbc.co.uk/news/business-37795068. Looking ahead to 2017, the SMMT is forecasting new car registrations will fall to 2.544m units, 5.0% down on 2016’s forecast level of 2.678m. Into 2018 a further more modest fall is being anticipated.

January 2016, AutoProtect logo, row of black, white and silver cars on dealer forecourt