UK car sales up by 2.9% in January, with a 19.9% increase in sales of alternatively fuelled vehicles
January 2017 saw the highest level of new car sales for over a decade, with a total of 174,564 new cars registered between the 1st and 31st January this year.
This figure represents the greatest number of new car sales recorded in the UK since 2005, resulting in a 2.9% year-on-year growth.
Increased sales of alternatively fuelled vehicles has really boosted sales in January with 7,279 sales, which represents an overall demand of 4.2% and, compared to last January, an increase in sales of 19.9%.
Diesel cars sales, however, dropped by 4.3% compared to January 2016 figures but petrol sales rose by 8.9%, which represents 50.7% of sales overall for the month – 88,507 petrol models sold.
Mike Hawes, Chief Executive of the Society of Motor Manufacturers and Traders, recognises the importance of alternatively fuelled vehicles in safeguarding the strength of the UK market.
“It’s encouraging to see alternatively fuelled vehicles benefiting from this positive growth, reaching a record market share,” said Mr Hawes.
The most popular car purchased in the UK during the month of January was once again the Ford Fiesta, with 8,495 new sales. Second place went to the Volkswagen Golf, quite a distance behind the Fiesta with sales of 5,455.
Another Ford, this time the Focus, took third spot, with the Mercedes-Benz ranking fourth.
As for market spread, private purchases rose by 5%, representing 44% of all new vehicle sales. There was also a small rise in fleet sales, up by 1.4%, but a drop was recorded for business sales of 1%, representing only 4% of total sales.
January 2017 showed a continued steady growth overall for car sales for the month, active since 2011.
It was back in 2002 when the car industry saw the highest level of car sales ever reached for the month of January, when over 200,000 new cars were sold.
Please click here to find out more about our car leasing services.