Analysis
– The UK has become the second-largest new car market in the EU after Germany.
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– The UK new car market has grown in every month since March and November’s 11.3% rise ensured a second successive month of double-digit growth.
– Over the year-to-date the market has risen by 5.4% to 1,921,052 units, bettering industry expectations. This puts the UK on track for the best annual volume since 2008’s 2,130,000 units. Volumes remain 15% or more below the pre-recession annual markets of 2,400,000 units and above.
– The growth is likely to be marketspecific, boosted by attractive offers and new, innovative models offering significant fuel efficiency and cost savings.
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By GlobalData
