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KPMG predicting 2.6 million UK car sales in 2015

Date: 05 February 2015   |   Author: Daniel Puddicombe

Automotive analyst KPMG is predicting there will be 2.6 million car sales in 2015. Last year, there were 2.4m registrations in the UK.
 
KPMG said with attractive finance options from car makers available and rising consumer confidence will continue to boost the market.
 
Despite the recent fall in oil prices, KMPG said consumers are buying fuel-efficient vehicles because the cost of motoring remains high.
 
"The market should remain strong throughout 2015 as consumers who bought cars on the many three year finance deals in 2012 switch to a new car," said John Leech, KPMG head of automotive.
 
"The UK new car market should reach a 'new normal' level higher than before the recession as a greater proportion of consumers will now return three year old cars in exchange for a new one. We expect the market in 2015 will achieve 2.6 million sales," said Leech.

"For 2015, we expect to see some levelling off throughout the year: demand is back to pre-recession levels following record-breaking growth," the SMMT predicted.



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