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PPI compensation results in soaring car sales in 2013

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8th January 2014

Registrations rose by 10.8 per cent to 2.26million in 2013, the best annual total since 2007, said the Society of Motor Manufacturers and Traders.

Boosted by a 23 per cent rise in December, the figures secured the UK’s position as the most vibrant new- car market in Europe and second in size behind Germany.

An average 600 new cars a day were registered, taking annual sales to 6 per cent below 2007’s 2.4million and only 300,000 cars behind the record total in 2003.

SMMT chief executive Mike Hawes said: “With its best year since a pre-recession 2007 the UK new-car market has helped stimulate the country’s economic recovery.

“While the European market is only now showing signs of improvement, the UK has consistently outperformed the rest of Europe with 22 consecutive months of growth.”

The boom was driven by a 15 per cent rise in sales to private buyers, against a 5.7 per cent rise in fleet sales.

The top three sellers were the Ford Fiesta, Ford Focus and Vauxhall Corsa as smaller-car sales grew strongly.

Have you got your eye on a new car?

Even if you don't know whether you had PPI on your account it is worth checking and you might have that new car on your path sooner than you think!

Get in touch by calling 08455 61 61 61.

 

Source: Express

Posted in PPI, Financial Crisis, Compensation, Cars, Economic Recovery

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