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Buoyant fleet market powers April new car registration growth

Date: 06 May 2016   |   Author: Daniel Puddicombe

New car registrations grew by 2% in April to 189,505 units year-on-year, buoyed by the booming fleet market, the latest Society of Motor Manufacturers and Traders figures have revealed.

The fleet market grew by 6.1% during the month, to 98,807 vehicles, outweighing the 2.5% fall in private car registrations.

This puts registrations for 2016 to date 4.4% up on the same period last year, while sales of alternatively-fuelled cars jumped by more than a quarter last month - in line with the rest of the year so far.

"After such a strong March, April's steadier performance was to be anticipated, and is in line with our expectations for the year," said Mike Hawes, SMMT chief executive.

"Consumer confidence remains high as buyers continue to capitalise on attractive finance deals, although this could be affected by political and economic uncertainty in the coming months."