New car registrations have hit a record high but the industry may be head for trouble down the road
Never, it seems, has the British public’s love affair with the motor car been so intense. Figures out last week revealed sales of new cars in the UK at an all-time high.
Registrations – a proxy for sales – showed that the keys to 2,633,503 new cars were handed over in 2015, a 6.3pc annual increase and the fourth consecutive year of growth, breaking the previous record set in 2003.
Private buyers clocked up a 2.5pc increase in purchases, but it was growth among fleet and business buyers – who made up half of all sales – that was most noteworthy, up 11.8pc.
The industry’s impressive performance has been driven by a unique set of global and national factors.
A major one is the way in which people now buy cars. About four in five new cars are bought with financing packages, and three-quarters of these are personal contract plans (PCPs).
Source: Is it time for the car industry to ease off the gas? - Telegraph
FFS, they ain't selling cars, they are selling financial packages!
At the same time some cars that are actually worth buying are made in very limited numbers or (at best) you have to wait for years or pay high premium to the "flippers"
Never, it seems, has the British public’s love affair with the motor car been so intense. Figures out last week revealed sales of new cars in the UK at an all-time high.
Registrations – a proxy for sales – showed that the keys to 2,633,503 new cars were handed over in 2015, a 6.3pc annual increase and the fourth consecutive year of growth, breaking the previous record set in 2003.
Private buyers clocked up a 2.5pc increase in purchases, but it was growth among fleet and business buyers – who made up half of all sales – that was most noteworthy, up 11.8pc.
The industry’s impressive performance has been driven by a unique set of global and national factors.
A major one is the way in which people now buy cars. About four in five new cars are bought with financing packages, and three-quarters of these are personal contract plans (PCPs).
Source: Is it time for the car industry to ease off the gas? - Telegraph
FFS, they ain't selling cars, they are selling financial packages!
At the same time some cars that are actually worth buying are made in very limited numbers or (at best) you have to wait for years or pay high premium to the "flippers"
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