THE June new car registration figures are not a great surprise bearing in mind the political instability during the course of the month.
To be 0.8% behind June 2015 may be seen as quite a positive for many and to be running at 3.2% above the same period year to date in 2015 is indicative of where Glass’s forecasted the market for 2016 to be 6 months ago.
New registrations – the key points
- June -0.8% decline on 2015
- Demand for new cars up 3.2% in first half of 2016
- Record 1,420,636 registrations between January and June.
- Growth in all fuel types
- Alternatively fuelled vehicles up 21.3% year to date.
Unfortunately our data shows that pre-registration activity has increased by 9.5% over the same period last year and this is further supported by anecdotal evidence from a number of key industry contacts concerned at the tactical activity demanded by certain manufacturers.
However, despite the scare tactics employed by both sides of the political spectrum the industry is still in a reasonably good position as it stands today. There is still retail demand for both new and used cars and the wholesale environment is still active with plenty of buyers in evidence.
Activity at this time of year is always slightly slower due to summer holidays and it is extremely difficult to identify what may be driving any tail off experienced nationwide. The position changes daily but at the moment consistency and certainty is what needs to be observed and knee jerk reactions are likely to be counter-productive.
For the full story on June’s car registrations
Click here to read Brexit dip dents car sales record half-year