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Fleets drive UK new car market growth in September

Date: 05 October 2016   |   Author: Daniel Puddicombe

The UK new car market has surpassed two million registrations for only the second time in September in 10 years.

According to the latest statistics from the SMMT, 469,696 new cars were registered last month, a rise of 1.6% compared with September, with fleets once again driving the growth.

Fleet registrations increased by 7.3% during the month, while private registrations dropped by 1.7%.

Sales of diesel cars, meanwhile, increased by 2.8% as petrol-powered car registrations declined by 1.1% and alternatively-fuellled vehicle registrations were up by nearly a third - 32.6% -- against the same the month last year, with a market share of 3.4%.

In total, 2,150,495 units have been registered so far this year - a rise of 2.6% compared with the same period month last year.

The Ford Fiesta remained the best-selling car of the month, with 19,769 registrations in the month, while it is also the best-selling car of the year so far, with 96,139 new units on the roads, compared with the second-placed Vauxhall Corsa's total of 64,925 vehicles.

"September is always one of the biggest months for Britain's new car market. The new 66-plate, combined with a diverse range of exciting new models featuring the latest technology, has certainly helped draw buyers into showrooms and many are taking full advantage of the attractive deals and low interest financing options on offer," said Mike Hawes, the SMMT's chief executive. "However, business and consumers place September orders many months in advance, so the ability of the market to maintain this record level of demand will depend on the ability of government Government to overcome political uncertainty and safeguard the conditions that underpin consumer appetite."