Despite a slight drop last month, new car sales in the UK have never been higher.
According to new figures published this week, a record 1.4 million cars were registered in the first half of the year. This represents an increase of 3.2% on the previous year.
To put that into some perspective, it means that some 350 new cars have been purchased every single hour 24/7.
Increase In Electric Car Sales
One of the reasons for the surge is an increase in consumers who are buying electric cars and hybrids plug-ins. The sales of eco-friendly vehicles alone is up by over 20%.
June did see a slight slump of 0.8% in sales, as customers as a whole got their hands on 255,817 new cars. During the same period in the previous year, we bought 257,817 new cars.
Ford Fiesta The Top Seller
The Ford Fiesta continues to be the biggest seller. In June alone, 11,357 new Fiesta’s were registered.
The total Ford Fiesta’s sold in 2016 so far stands at 68,833.
Astonishingly, this is 61% more sales than the second best-selling car, the Vauxhall Corsa.
The VW Golf has also sold well, as have the new Mini models.
EU Referendum Caution
Mike Hawes of the Society of Motor Manufacturers & Traders’ said: “It is far too soon to determine whether the referendum result has had an impact on the new car market.
“The first six months saw strong demand at record levels but the market undoubtedly cooled over the second quarter.
“It is important the government takes every measure to restore business and economic confidence to avoid the market contacting in the coming months.”
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