UK car sales rocket in April
Completely against what is happening in the rest of the car markets elsewhere in Europe, car sales in the UK jumped by almost 15% in April 2013 in comparison to the same month in 2012. This statistic is even more impressive when you consider the difficult economic times that we are still going through here in the UK.
In fact, during the first four months of this year, car sales are up by a commendable 9%.
When you look at the figures in a little more detail, it is individuals buying cars that have played a major part in creating the increase in sales as private sales have risen by 32% in comparison to the figures for April 2012.
These figures look attractive when Europe saw sales drop by in excess of 10% in March with Germany showing a drop of 17% in respect of new car sales.
Some of the reasons for the increase in the UK are that drivers have found it too hard to resist some outstanding bargains on new cars as well as some appealing finance deals. Also, high petrol prices have encouraged many people to look for cars that are much more fuel-efficient.
Another reason could be due to many people deciding, some time ago, to hold onto their cars for a longer period of time due to the difficult financial conditions here in the UK. However, their cars may have now reached a point where they need to be changed so people have to “bite the bullet” and replace their old and trusted workhorse.
It is interesting that in 2012 the sale of new cars rose by 5.3% whereas the economy in the UK only gained a mere 0.3%.
However, some people are warning of potentially difficult conditions ahead due to an increase in consumer price inflation and low wage/salary increases. There is also concern about the jobs market.
As for the fleet sector, there is concern that operators will delay changing their fleet vehicles in view of the uncertain economic climate.
Source taken From the BBC