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New Car Sales Reach Record High In March


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New Car Sales Reach Record High In March

New car sales reached their highest for nearly two decades in the United Kingdom according to a report by the Society of Motor Manufacturers and Traders (SMMT) which was released today.

Figures for March 2015 showed that dealers across the country sold 492,774 new cars as people went wild for the new '15' number plate – a jump of 6 per cent year on year. It was the best monthly figure for 17 years since August 1998 and highest level of new car sales this century.

As has become the norm, the Ford Fiesta was once again the most popular with 27,034 sales – 5.48 per cent of total registrations last month.

It is perhaps not surprising that March’s figures are high for car registrations, considering that it is the first month of the year that new number plates are released. But it highlights the strength of the current UK car industry with a strong export market, low interest rates and sales of more fuel-efficient cars the reasons behind a strong March, say the SMMT.

There was a 62 per cent rise in alternatively fuelled vehicles compared to this time last year - the UK made £26.2billion from car exports last year. The new figures also mean the car industry’s record run of growth extends into a four year. The SMMT, however, still predicts growth of between 1 and 2 per cent in UK new registration this year against nine per cent growth in 2014.

Interestingly, four per cent more petrol cars were sold than diesel cars in March – a gap which has grown from 2.5 per cent year on year. This has reversed the trend of diesel sales outstripping petrol cars which they had done every year since 2011.

With it now being suggested that diesel cars are more harmful than petrol cars - because of reports of nitrogen dioxide emissions – the figures indicate road users are going back to purchasing the latter.

Before the bi-annual number plate change in 1999, August was traditionally the busiest month of the year with more than half a million new registrations every year. But March now accounts for almost a fifth of annual sales and is now the most important month of the year for car sales.

Subsequently it was a very busy month for us at Sell Your Jamjar, the UK’s first online car buying site, as car owners unimpressed by part-exchange valuations, and not interested in auctioning or prepare their vehicles for private sales, sold their used cars to us before collecting their new cars. You can sell my car to Sell Your Jamjar in three easy steps and we collect for free.

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