The number of luxury cars sold to fleet owners rose sharply in 2014.
Birmingham, West Midlands -- (SBWIRE) -- 03/10/2015 -- For UK car dealers 2014 was a particularly good year. After several years of low sales, both the new and used car markets have recovered. Sales of fleet and private vehicles have both been stronger than in previous years.
Growth in the private sector has been marginally stronger than it has been for the fleet sector. In 2014, there were 1,179,499 new car registrations in the private sector. That equates to 9.8% more registrations than in 2013.
Across the fleet sector, registrations were up by 9.3% with 1,178,416 new registrations during 2014. In addition, small business owners registered 120,000 new vehicles. That sector grew by 12% year on year.
The rise in sales in the private sector has been fueled mainly by an improvement in consumer confidence combined with easier access to affordable finance. Unemployment is falling, and drops in the price of food and fuel are both helping to put more cash into the pockets of UK households who it seems are choosing to use some of that spare cash to buy new cars.
Business confidence is behind the rise in fleet purchases. UK firms are once again investing.
Interestingly, much of the growth in the fleet market has taken place at the top end of the market. Sales of prestige cars have risen steadily during 2014. Luxury car dealers in Birmingham and other large UK cities have seen demand for their vehicles rise across both the private and fleet sectors.
Sales of Mercedes models in the fleet sector were especially strong during 2014. In 2013, 884 new S class Mercedes were sold to fleet owners. During 2014, 1,335 new S class Mercedes were added to corporate fleets, which is an increase of 51%. Sales of E class Mercedes fell back slightly, dropping by 2.2%. Once again, sales of the Jaguar XJ increased year on year increasing by 32.6%. Audi sales were also up by 15.2%.
It is expected that 2015 will be another strong year for luxury car sales. Although, industry experts expect the growth rate to be slower than it was in 2014.
For more information visit the website http://www.acarsuk.com
Media Contact Details:
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