New SMMT figures released this month show that the new car market continues to exceed expectations amid rising consumer confidence. Registrations grew for the 33rd consecutive month in November, up 8.0% to 172,327 units.
In total, 2,310,237 cars registered in the year-to-date, a rise of 9.4% and ahead of the 2013 full-year total.
The year-to-date figures for November also reveal strong growth in the low carbon vehicle market with sales up 105% on this time last year. While this category includes conventional hybrids as well as pure electric vehicles, the figures reflect the increase in demand for battery electric and plug-in hybrid vehicles (termed ‘Ultra Low Emission Vehicles’) with CO2 emissions of 75g/km or less.
Mike Hawes, SMMT Chief Executive, said, “Six months after the record was broken for consecutive monthly growth in new car registrations, the market continues to march on. Today’s figures are an indication of the continuing economic confidence that is driving the new car market, with business, fleet and private registrations all showing strong rises in the month. We expect a more stable market in 2015.
“Demand for ULEVs is also growing strongly, and we welcome the Chancellor’s commitment to support the charge point network for electric vehicles, as well as ULEV R&D in the UK.”