A Cars UK

Demand for UK Luxury Cars Grows, Says SMMT

The latest export figures from the UK’s luxury car producers show an incredible increase in demand for their vehicles.


Birmingham, West Midlands -- (SBWIRE) -- 04/07/2015 -- The Society of Motor Manufacturers and Traders (SMMT) reported that exports of luxury cars from the UK had soared over the past five years. Sales to Asia alone have trebled in just five year.

Europeans seem to be keen to buy luxury cars made in the UK too, sales rose by 158.3% between 2009 and 2014. For Australia, the figure was an increase of 130.9% and exports to the USA sales were up by 59.9%. The only continent for which exports fell was Africa. For that area exports fell by 17.6% between 2009 and 2014.

All of the UK's luxury car manufacturers are planning to build on this success. At the Geneva motor show Rolls Royce, Bentley and Aston Martin all announced plans to expand during the next decade and export more. They all launched new models and all of the firms were upbeat about the opportunities that the next decade offers.

They all plan to market their new models in the UK, but are expecting most of the cars that they build to be shipped abroad. Although they do also expect demand for luxury cars from the UK market to grow as well as the UK comes out of recession.

Demand for luxury cars is starting to feed through into the used car market. A significant proportion of the used cars for sale in the Midlands and the South East of the UK are luxury marks, and there are plenty of buyers around too. Reports from those dealers who specialise in selling used luxury cars indicate that sales are up and that the average time that a car sits on their forecourt is down by at least two weeks.

As people in the UK start to feel the positive effects from economic growth, near zero inflation and dropping fuel prices sales of all kinds of cars are xpected to grow. There are early signs that 2015 will be another record year for both new and used car dealerships in the UK.

For more information visit the website http://www.acarsuk.com/used-cars

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