Motor Trade Insurance

Slight Increase In Sale Of New Cars In February

March 8, 2019 by Logan Biggs

Motor traders will be pleased to hear some good news for once following the announcement that there has been a small rise in the number of new cars sold here in the UK in February 2019. According to data published by the Society of Motor Manufacturers and Traders (SMMT), the number of new cars sold rose by 1.4%.

This may not seem much of an increase but it helps reduce the deficit so far this year with new car sales to date being 0.6% down when compared on a year to date basis with last year.

In February 2018, there were 80,805 new cars sold and in February 2019 this had risen to 81,969.

Diesel cars continue to loose popularity with 28,322 being sold in February last year compared to 24,284 in the same month in 2019. That is a fall of 4,038 equating to a drop of 14.3%. However there was a rise in petrol fuelled car sales from 49,109 in February 2018 to 53,164 in the same month this year. That is a rise of 4,055 – an increase of 8.3%. There was an excellent performance for AFVs with 3,374 being sold in February 2018 compared to 4,521 in February 2019. That is a rise of 1,147 equating to an increase of 5.5%.

The market share for diesel cars between both periods has fallen from 35% in February 2018 to 29.6% in February this year. The market share for petrol cars rose from 60.8% to 64.9% for the same periods and the market share for AFVs increased from 4.2% to 5.5% for the same periods.

On a year to date basis, the number of new car sales dropped from 244,420 to 242,982. New diesel car sales have fallen from 87,035 to 71,107 โ€“ a fall of 18.3%. New petrol car sales rose from 145,292 to 156,340 โ€“ a rise of 7.6%. New AFV car sales rose from 12,093 to 15,535 โ€“ a significant rise of 28.5%. The market share for new diesel cars is now 29.3% compared to 35.6%. The market share for new petrol cars is now 64,3% compared to 59.4%. The market share for AFVs is now 6.4% compared to 4.9%.

The top 5 selling new cars in February 2019 were: –

  1. Ford Fiesta                              3,399
  2. Ford Focus                              2,537
  3. Volkswagen Golf                    2,410
  4. Mercedes-Benz A-Class          2,059
  5. Volkswagen Polo                    1,512

The top 5 selling new cars on a year to date basis were: –

  1. Ford Fiesta                              8,798
  2. Ford Focus                              6,934
  3. Volkswagen Golf                    6,340
  4. Mercedes-Benz A-Class          5,827
  5. Nissan Qashqai                       5,719

Motor traders will be hoping that we see the sale of new cars here in the UK continue upwards. The sale of such vehicles impacts on so many areas of the motor trade industry such as car repairs and servicing and the used car market.

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