The full details have been released as new car registrations hit the UK market as the highest ever and March becomes the biggest ever month for the automotive sector with over 562,337 new cars registered.
March new car registrations
Based on SMMT details, March became the biggest month ever and grew with a 8.4% market rise with total 562,337 new cars registered itself. One of the biggest reasons for this could be the new VED changes update which came into force from the 1st of April meaning people could save thousands of pounds extra by leasing or buying their next car.
(IMG Source - SMMT)
And if youre not aware then from 1st April; all the new cars except for those with zero emissions are subject to an annual flat rate charge which you can get more information from on our VED change page here.
The March month showed a double in the number of registered vehicles in the first two months of the year combined. That means, by the end of the first quarter(Q1) there are a total 820,716 cars registered, a full 6.2% higher compared to last year.
(IMG Source - SMMT)
As always, fleets and businesses were one of the big contributors to the automotive growing market in March, with registrations up 12.6% and 11.9% respectively. Private buyers also increased by 4.4% compared to the previous month.
(IMG Source - SMMT)
Following the recent trend of low emission technology, more people are increasingly investing in environmentally friendly cars. There was growth for these cars by 31% in new car registration compared to alternatively fuelled vehicles. Petrol car buyer figures have also risen by 13.2% while diesel cars demand also increased compared to previous year.
Best selling cars of 2017 so far...
(IMG Source - SMMT)
The Ford Fiesta is again the bestselling car of the year so far and there were a total 25,428 cars registered in March. The Nissan Qashqai is also showing good numbers in the list as well as Fords Kuga which features on the list with a total of 9,561 registered in March.
Demand for pick-ups continues its upward trend in March and was also up 23%. Nearly 12,000 have been registered so far in 2017.
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