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UK car registrations in 2014 rise above two million

Date: 07/11/2014 10:28:48
Category: Car tracking
Author: Jack Stanton

The amount of new cars purchased by Brits this year has now risen above the two million mark, following a sharp spike in sales throughout October.

New data released by the Society of Motor Manufacturers and Traders (SMMT) shows that 179,714 new cars were registered in October. That figure is 14.2 per cent larger than sales in October 2013, and puts 2014's total car sales at 2.14 million - 9.5 per cent higher than the year-to-date figure last year.

The SMMT is predicting 2.46 million registrations in 2014, followed by 2.49 million in 2015, both rising from the 2.26 million new registrations in 2013, theguardian.com reports.

Mike Hawes, chief executive at the SMMT, said: "The October new car market outperformed expectations, with registrations showing the strongest growth in a month since March's 18% rise. With economic confidence still rising, customers continue to benefit from attractive financial packages on exciting new models."

The Ford Fiesta and Ford Focus were found to be October's biggest selling models, and both also lead the way in yearly sales too, nasdaq.com notes. It's the first time that car sales have hit such lofty heights in the first ten months of the year since 2007, before the recession hit.

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