October’s new car market grew by 14.3% to reach 153,529 registrations, 7.2% above pre-pandemic levels and marking the best performance for the month since 2018, according to the Society of Motor Manufacturers and Traders. The 15th month of consecutive growth was driven almost entirely by large fleet registrations, which grew 28.8% to reach 87,479 units. Private demand was stable at 62,915 … [Read more...]
EU car sales soar nearly 30%
The EU car market recorded a significant 28.8% increase in passenger car registrations in March, surpassing more than a million units (1,087,939). All the bloc’s largest markets saw double-digit growth last month, with Spain (66.1%) and Italy (40.7%) in the lead. In the first quarter of 2023, the EU car market saw a substantial increase in new car registrations, with almost 2.7 million units … [Read more...]
Time is running out for that used car deal of the year
New insight by automotive data experts, cap hpi, shows that you have only a few days left as the ideal time to buy a used car is the last week of October. New vehicle registrations hit a record high in September with official industry data showing that 469,696 vehicles were registered in total - a 1.6 per cent rise on the same month last year and the highest number of motor sales on record for … [Read more...]