The FINANCIAL — U.K. new car registrations returned to growth in November, after posting their first decline in 44 months last month, as low interest rates and competitive finance deals continued to attract consumers to new car ownership, an industry body said on December 4, according to Nasdaq.
A total of 178,876 new cars were registered in November, compared 172,327 for the same month in 2014, taking the total for the year to date to 2.45 million, up 6.2% from 2.31 million for the same period in 2014, the U.K. Society of Motor Manufacturers and Traders said. New car registrations closely mirror sales.
“We have been expecting a leveling-off in demand for some time now–a development that is being realized following an unprecedented three-and-a-half years of non-stop growth,” SMMT Chief Executive Mike Hawes said.
New cars that have recently rolled off the production line, or are due to soon, include a new Fiat500, the Mercedes- Maybach S600, Skoda Superb, Vauxhaul Astra and Peugeot 308 GTi, as well as a whole host of cars, from small and family vehicles to sports and luxury cars.
The SMMT said the U.K.’s top two best-selling cars in October were the Ford Fiesta and Vauxhall Corsa.
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