Car sales have been rising steadily in the UK over the past year, even when the economy has not been performing so well, which is mainly due to attractive finance deals and wider market factors making car buying favourable to motorists.
The increase in sales has also been supported by the private sector, where sales were up by 32.3 per cent in the month. However, the rest of Europe has not performed so well, with a 10 per cent drop recorded across all the other European Unions countries during March, marking the 18th consecutive month of decline.
The SMMT revised up its full-year sales forecast to 2.106 million units, a 3 per cent increase on 2012 volumes. In January it predicted full-year sales of 2.057 million.
Car sales in the UK have also been boosted by high fuel prices, which have encouraged motorists to buy more fuel-efficient cars to save money on running costs.
This approach was evident in April's best-selling models, all small cars, with Ford's Fiesta coming top, with 8,083 being sold in April, followed by Vauxhall's Corsa and then Ford's Focus, which sold 5,944.
The industry body also said that petrol-fuelled cars have seen their market share climb in the first four months of 2013, supported by increased demand for small cars.
The mini segment of the industry continued to post the best growth in April while the supermini remained the largest segment, the data confirmed.
For more information, please contact Glazers, Chartered Accountants London or visit www.glazers.co.uk
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