A record year of growth in the vehicle market in 2015

A record year of growth in the vehicle market in 2015

Latest Motor News // 08 January 2016

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Figures released by the SMMT (The Society of Motor Manufacturers and Traders) have shown that 2015 was a record year for new car and van registrations, it exceeded the previous record set in 2003, where 2,579,050 new cars were registered. In 2015, (which saw the fourth consecutive year of growth), the new car market saw the registration of 2.63 million units which is a rise of 6.3%. This increase was reported across all fuel types with petrol and diesel registrations up 8.4% and 3% respectively.

Mike Hawes, SMMT Chief Executive, said, “The new car market defied expectations in 2015, hitting an all-time record driven by strong consumer and business confidence. 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.”

Growth, due to increased demand was also seen in the new van market, with record levels of registrations of 371,830 which is a rise of 15.6% over the year.

The SMMT also released the details of the best sellers of the year which can be seen below:

 

Car Number of Registrations
1 Ford Fiesta 133,434
2 Vauxhall Corsa 92,077
3 Ford Focus 83,816
Volkswagen Golf 73,409
Nissan Qashqai 60,814
6 Volkswagen Polo 54,900
7 Vauxhall Astra 52,703
8 Audi A3 47,653
9 Mini 47,076
10 Vauxhall Mokka 45,399