January 2010 new car registration figures

Posted on February 4th, 2010 by News in Manufacturers, News

January 2010 new car registration figures

Car market up 29.8 percent in January, despite the recent cold snap and the return of VAT to 17.5 percent. The figures continue to be boosted by the scrappage scheme as it accounted for 17.8 percent of registrations. The market was already down 30.9% in January 2009 on the year before.

· New car registrations rose by 29.8% in January to 145,479 units.
· Market rose for a seventh successive month.
· Scrappage scheme continued to boost market, accounting for 17.8% of sales despite VAT rise
· Outlook constrained, demand expected to fall 9% to 1.82 million units in the full year.

From SMMT:
“The 29.8% increase in January new car registrations provides a better than expected start to 2010 for the UK motor industry,” said Paul Everitt, SMMT chief executive. “Scrappage continues to lift demand successfully and today’s announcement of a continuation of the scheme to the end of March will allow the maximum number of people to benefit from the budget that’s still available.

“Industry expects another difficult year with the availability of finance, consumer confidence and sustaining demand post-scrappage, key to performance in the second half of the year, but signs of recovery in the fleet and business sectors are encouraging,” he concluded.

Download report here…

Get a CAP Used Car Valuation for just £3.50 - What The Professionals Use

The Motor Trade Insider Guide To Buying New Cars

Search terms for the article:

  • May 2010 new car registration figures
    New car market up 13.5% to 153,095 units in May. There were still some scrappage registrations trickling through accounting for [...]...
  • April 2010 new car registration figures
    New car market up 11.5% to 148,793 units in April. These figures were still boosted by the scrappage scheme as [...]...
  • March 2010 new car registration figures
    New car market up 26.6% in March, despite the return of VAT to 17.5 percent. These figures were still boosted [...]...
  • February 2010 new car registration figures
    Car market up 26.4 percent in February, despite the return of VAT to 17.5 percent. The figures continue to be [...]...
  • December 2009 new car registration figures
    The official figures are in for December 2009 and are they’re up 38.9% on a very weak December 2008 (down [...]...
  • January 2009 new car sales figures
    The figures are in for January 2009 new car sales and, as widely predicted, are drastically down on January last [...]...

    • Comments are closed.

    Automotive Industry News

    About MTI

    Motor Trade Insider
    Our aims:
    Build a bridge between consumers and the trade.

    Create Interesting and informative content.

    Break down barriers and create better understanding.

    Expose bad practices and rip-offs.

    Promote outstanding products and services.

    Motor Trade Insider is written by people working actively in the motor trade for people on the inside and people on the outside.

    Motor Trade Insider New Car Buying, Used Car Buying, Used Car Prices, Used Car Values UK. Car buying guide. Whether you’re buying a new car or interested in used cars or car valuation or just general information and advice on the motor trade and UK Automotive Industry.

    Valid CSS!

    Valid XHTML 1.0 Transitional

    [Valid RSS]

    Bargain of the Week

    Bargain of the Week – Land Rover Discovery

    Bargain of the Week – Land Rover Discovery

    With all the boxes ticked it does make you wonder how the British government think they can keep raising the cost of car ownership to ...

    Bargain of the Week – Ferrari 355

    Its V8 engine became the first road-going Ferrari to have bypass valves built into the exhaust system letting pretty much all of its thunder explode ...

    Bargain of the Week – 2003 Range Rover 3.0 Td6 HSE

    With the recent facelifted Range Rover and Sport doing wonders for sales, forking out for a 10-plate can set you back over 50 big ones ...

    Scrappage

    Order takers stand aside – it’s time to get back to selling cars

    Order takers stand aside – it’s time to get back to selling cars

    A sales manager we spoke to who represents a franchise for a German manufacturer said that normally in the build up to a plate change ...

    Car Makers Premier League – July 2010

    with the headline figure for the month being a 13.2% decrease to 136,446 units. In July 2009 the market had showed its first increase for ...

    The scrappage scheme has ended, get over it

    The continuous changes which the car trade is undergoing means that until staff get the message that customers demand (and deserve) great service and will ...