Car Sales Expected To Reach Over 190,000 In 2013
Bosses within the car sales industry have decided to increase their expectations when it comes to new-vehicle sales. This increase in expectations has come as a result of private buyers flocking to showrooms in the recent months.
The Scottish Motor Trade Association, also known by its acronym name of SMTA expects sales that occur north of the border to top their expected amounts, and possibly exceed 190,000 over the remaining part of the year. Their hopes of increased sales, come as a result of experiencing an excellent first half of the year. If sales do reach the amounts expected, this will mark the strongest outcome in vehicle sales, since 2007, which started the onset of the economic crisis within the area.
The upgrade from the previous forecast, which was 185,000 registrations, was revealed after monthly figures that were being reached in June, revealed a 13.8 per cent increase in sales. Industry leaders were able to obtain these figures, by comparing them to last year’s car sales. The United Kingdom has experienced a 13.4 per cent increase, in the amount of vehicles sold, from last year, to the present year.
According to the chief executive of SMTA, Douglas Robertson, private buyers are responsible for underpinning demands that have accounted for more than fifty-five per cent of new business that was obtained last month. The rest of the residents within the UK announced that Scotland has always been a private buyer’s market. This has reflected in the 14.3 per cent increase that has occurred throughout the past year, when compared to the other parts of the UK, only experiencing a 9.6 per cent increase. Robertson states, that because the first half of the year has seen great numbers, he is wondering if the existing forecast that was made for new-car sales should be adjusted.
Sales during the month of June totalled 18,999 units. The Ford Fiesta was the top-selling vehicle, which was followed closely by a vehicle that is a similar size, the Vauxhall Corsa. The Fiesta also gained the top spot, as far as vehicle sales are concerned, in the UK listings as well. There were just a little bit under 215,000 sales made within the UK. This marks the sixteenth month where the amount of car sales being made has continued to grow.
Britain has managed to remain in the fast lane, for some time now, as far as vehicle sales are concerned. Britain has continued to see a year to year growth, contrasting shortfalls throughout other parts of Europe. Buyers are being attracted to the markets; by new fuel-efficient vehicles, generous trade-in offers being made, as well as finance deals being offered.
Registrations within the UK increased over the last six months. In June, the increase in registrations hit a mark of ten per cent. According to the SMMT, there has been an excessive amount of growth over the past six months. Estimates reveal that individuals that are switching to fuel-efficient vehicles have helped to reduce the amount of carbon dioxide emissions by 3.7 per cent, from where it was a year prior.
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