“It is extremely encouraging to see that the car market hit a 10-year high in 2014” said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers across the UK, commenting on the SMMT’s new car registration figures.
New car sales figures released today show sales rose 9.3% over the previous year in 2014. Every month in 2014 saw an increase, with December’s 8.7% rise marking the 34th consecutive month of growth.
Robinson continued, “Increased retail demand drove UK sales in 2014 as the UK car market recorded its best performance since 2004.
“Competitive offers by manufacturers along with strong finance offers boosted sales as consumer confidence returned to the market.
“Car showrooms have reported increased sales activity and interest from consumers looking to replace their vehicles, which is some cases are part of the aging car park or not as fuel or energy efficient as modern vehicles.
“The NFDA expect the market this year to continue to perform well and to build on the success of 2014.”
NOTES TO EDITORS:
The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.