By: Alice Nicolson
2015 was a record year for UK car sales, as final figures from the Society of Motor Manufacturers and Traders (SMMT) shows the number of new car registrations hit 2.6 million, the best ever performance for the UK car market.
The record year comes after four years of consecutive growth for the industry. The UK car market has seen increases in all bar one of the past 46 months, and last December was a standout month, the biggest ever with an increase of 8.4 per cent new cars sold.
There was a 6.3 per cent increase overall in 2015, with new car registrations reaching 2,633,503 units, exceeding its forecasted amount.
Mike Hawes, Chief Executive of SMMT said: “The new car market defied expectations in 2015, hitting an all time record driven by strong consumer and business confidence. Buyers took advantage of attractive finance deals and low inflation to secure some of the most innovative, high tech and fuel efficient vehicles ever produced. The past four years have seen a remarkable period of sustained growth, and the outlook remains positive with every reason to expect the market to hold broadly steady in 2016.”
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