Analysis
– Against a backdrop of weak European demand for cars the UK market has proved remarkably resilient.
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– The UK new car market has increased in every month this year, apart from February, a traditionally low-volume month.
– Volumes over the first 10 months of 2012 increased 5%, or 83,823 units, to 1,771,861 units. The year-to-date performance is still 16% or 335,000 units below the 2007, pre-recession volume.
– The growth in 2012 reflects an improvement in private demand, while fleet demand has sustained the volumes recovered in 2011.
– Petrol and diesel fuel types posted growth in October and over the year-to-date. The alternatively-fuelled car market showed strong growth in recent months, reflecting new model activity.
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