Sales of new cars in March 2013 have risen by 5.9%. Insurance comparison website Tiger.co.uk looks at the figures in greater detail.
According to figures published by the Society of Motor Manufacturers and Traders (SMMT) there were 391,806 13-plate vehicles registered in March 2013. This marks the 13th successive month of growth in new car sales. New car sales have reached their highest since 2010 when The Government introduced the car scrappage scheme.
The uplift in sales in March follows strong demand for private registrations in Q1. There was an 11.2% rise in private sales in the first quarter of the year. Figures produced by the SMMT also show that registrations of petrol fuelled cars have risen by 12.1% thus far in 2013, outselling diesel vehicles. By comparison, registrations of cars with alternative fuel sources only increased by 2.9% in the first quarter.
The 'Mini' car segment has shown the most growth in March, up 56.5%. Gains were also made in the MPV and dual purpose segments, however, the Upper Medium and Luxury Saloon car segments were the only categories that did not show growth within the month.
The figures in March showed that the Ford Fiesta, Vauxhall Corsa and the Ford Focus were the top three best sellers. The top ten best sellers in March can be seen below:
Top Ten Car Sales - April 2013
||BMW 1 Series
Andrew Goulborn, Commercial Director at Tiger.co.uk commented:
“The figures published by the SMMT are good news for the motoring industry and car sales figures are often a good indicator of consumer confidence overall. Our monthly car insurance
price monitor, Tiger Watch
, shows that while overall motor insurance rates have remained stable, younger female drivers are suffering from the introduction of the EU Gender Directive. In addition to high petrol and diesel prices, this is likely to maintain the popularity of more fuel efficient models and the decline in luxury saloon car segments. We are hopeful that this upward trend in car sales continues and that more fuel efficient technologies continue to be developed by motor manufacturers."