Summerfield, Kidderminster -- (SBWIRE) -- 03/31/2015 -- That is the 36th consecutive month of growth. That has never happened before. The closest the UK car industry has come to this level of sustained growth was in the 1980s when sales grew for 26 consecutive months.
During the months of January and February 241,814 cars have been sold in the UK. That is 8.3% more than for the same period of 2014.
Private individuals bought 98,527 of these cars, but the biggest growth came from the fleet sector. In total, 135,549 cars were bought by fleet owners, and 7,738 were bought by individual businesses. That is a year on year growth of 19.7% for the fleet sector. Interestingly, sales to individual businesses are down by 12.8% suggesting that firms are choosing to lease their company vehicles rather than buy them.
Mike Hawes who is the Chief Executive for Society of Motor Manufacturers and Traders (SMMT) pointed out that many fleet providers had bought their vehicles at the start of the growth period. Because most fleet managers replace their vehicles after three years they will be buying replacements, which should mean further growth for this sector.
It also means that more used cars will be coming to market. This is good news for used car dealers who are struggling to keep up with increasing demand for used cars from UK consumers. Sales of used cars in Worcestershire and many other parts of the UK are at an all time high.
The prediction is that sales across both the used and new car markets will remain stable during 2015. This is good news or the manufacturing sector because more of the cars that are being sold are built in the UK. Not only are more cars being built in the UK more of the components used in cars built elsewhere in the world are also being manufactured in the UK. These facts mean that increased demand for new vehicles in the UK translates into more British jobs, that in turn leads to increased demand for new vehicles.
For More Information Visit the Website at: http://www.sjraynercars.co.uk
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Business Name: S.J. Rayner Cars
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