WELL, we all know what a cracking year it was last year. But the clock has reset: what will 2015 bring?
2014 car & van sales in brief
- New car and van registrations grew for the 34rd consecutive month in December
- Cars grew 8.7%
- Vans grew 26.6%
- Total car registrations of 2,476,435
- Total van registrations of 321,686 vans were registered in 2014
- Fleet registrations rose 8.7%, up to 1,178,416, and together with business sales, were responsible for over 52% of all new registrations.
- Source: Society of Motor Manufacturers and Traders (SMMT)
What’s the likely shape of the new car and van market in 2015?
So, despite industry predictions of a slow down or even deflation in the new car and van market during 2015, with such a strong end to 2014, the SMMT believes that although demand will weaken after last year’s exceptional figures, growth is still expected.
Business Motoring Award Winners 2024
Business Motoring Award Winners 2024
Business Motoring Award Winners 2024
Business Motoring Award Winners 2024
Business Motoring Award Winners 2024
Business Motoring Award Winners 2024
Business Motoring Award Winners 2024
Business Motoring Award Winners 2024
Mike Hawes, SMMT Chief Executive said:
“For the market as a whole, we expect a more stable 2015 as demand levels off.” A spokesman for the SMMT went on to say “We expect growth in the UK market to be more moderate in 2015, with a two to three percent increase for cars and between two and 4 percent for vans.”
Also commenting on the SMMT figures, the British Vehicle Rental and Leasing Association’s (BVRLA) Chief Executive, Gerry Keaney said:
“We expect to see a further, steady increase in new leasing volumes this year. Demand for vehicle finance continues to grow – particularly from consumers, SMEs and salary sacrifice customers.”
