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SMMT: Fleet demand reaches new high in 2015

Date: 07 January 2016   |   Author: Daniel Puddicombe

UK new car registrations surpassed 2.6 million units for the first time in 2015, while fleet demand was at its highest ever level, according to the latest SMMT registration figures.

Fleet registrations increased by 11.8% - the biggest growth across all sectors - compared with 2014, with 1.3 million units registered in 2015, and a 50.0% market share.

Private registrations meanwhile, increased by 2.5%. Overall, the new car market enjoyed a 6.3% uplift, with 2,633,503 units registered over the year.

The last record year was 2003 when 2,579,050 vehicles were registered overall, the SMMT said.

All fuel types reported gains, with petrol and diesel registrations up 8.4% and 3% respectively. Demand for alternative-fuel vehicles meanwhile, leapt by 40.3% in 2015.

According to SMMT data, plug-in hybrid volumes more than doubled last year, while pure electric vehicles saw a 50% rise in sales.

The Ford Fiesta topped the 2015 best-sellers list, with 133,434 registrations,  followed by the Vauxhall Corsa  - some 41,000 vehicles behind on 92,077 sales  - and the Ford Focus in third.

"The new car market defied expectations in 2015, hitting an all time record driven by strong consumer and business confidence," said Mike Hawes, SMMT chief executive.

"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," he added.



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