Fiesta Leads The Way In Buoyant UK Car Market
Industry News
The Fiesta retained its position as the UK’s most popular new car purchase, followed by the Focus and the Vauxhall Corsa subcompact. The UK car market is continuing an upward trend by increasing by 6 percent in September compared to the same period last year. Total sales for September were just over 400k units and this represents 31 consecutive months of growth, better than the previous best of 2004. New car registrations in March and September are one of a number of factors that account for the busy sales pattern. Record levels of low rate interest rates and cheap finance have also combined to help boost new car sales. In the UK it is estimated 80 percent of new car sales are made on credit, however what goes up must come down and trends indicate that a period of slow growth is expected. Europe is also seeing strong market gains for new car sales, Germany saw a 5 percent rise, Italy 3 percent, France 6 percent and Spain 26 percent due to the government introducing a scrappage scheme.  Fiesta-Sales
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