A March To Remember

Published Date: 6th Apr 2014

The SMMT has released this statement following an amazing March for the UK car market.

“New car registrations surged 17.7% in March to 464,824 units, a surprisingly strong level of growth and a reflection of intensifying consumer confidence and the availability of great new products,” said Mike Hawes, SMMT Chief Executive. “Given the past six years of subdued economic performance across the UK, there is still a substantial margin of pent-up demand that is contributing to a strong new and used car market.

“There has never been a better time to buy a new car thanks to attractive finance deals and advanced technologies that often make new cars cheaper to run. We expect the market to continue to perform positively for the rest of the year, albeit at a more modest rate.”

Here are some figures, graphs and charts to help explain where the UK is compared to previous years:

New car registrations 

March new car registrations, 2004-2014

New car registrations by segment, March 2004 and 2014

New car registrations by VED bands, March 2004 and 2014

New car registrations by colour, March 2004 and 2014