New car sales hit 10yr high

Midweek Sport - - NEWS -

SALES of new cars for 2014 reached a 10-year high, of­fi­cial fig­ures show.

Last year is ex­pected to have seen UK new regis­tra­tions to­tal around 2.46 mil­lion – the best an­nual fig­ure since 2004.

The 2014 num­bers, from the So­ci­ety of Mo­tor Man­u­fac­tur­ers and Traders (SMMT), show a con­sid­er­able rise on the to­tal of just over 2.26 mil­lion in 2013.

It also sig­nals that af­ter steer­ing along some rocky roads in re­cent years, car sales have climbed back to pre-re­ces­sion lev­els.

In­clud­ing Novem­ber 2014, new regis­tra­tions have risen for a record 33 con­sec­u­tive months.

Sales for the first 11 months of the year, at more than 2.31 mil­lion, were up 9.4% on the Jan­uary to Novem­ber 2013 to­tal.

Af­ter reach­ing the 2.5 mil­lion mark in the early part of the last decade, sales of new mo­tors were badly hit by the re­ces­sion – which started in 2008.

With con­sumer con­fi­dence dented, new regis­tra­tions dipped be­low two mil­lion in both 2009 and 2011 be­fore re­cov­er­ing in 2012 and 2013.

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