The new car market recorded its 42nd consecutive month of growth in August, according to figures published by the Society of Motor Manufacturers and Traders (SMMT). New car registrations increased 9.6% to 79,060 for the month, taking year-to-date growth to 6.7%.
Gains were made across all sectors and all fuel types, with registrations in the private, business and fleet markets up 7.2%, 11.8% and 12.1% respectively. The market for alternatively-fuelled vehicles, grew 52.3% year on year, maintaining a 2.4% share of the overall market.
Mike Hawes, SMMT chief executive, said: “August’s strong performance has again been driven by attractive finance deals and a diverse range of technologically advanced models.
“Britain’s budget-conscious buyers are taking advantage of low regular monthly payments that provide certainty and affordability. With September’s new 65-plate now in full swing, we expect UK showrooms to be as busy as ever.”