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Opinion

Driving a re-rating

Driving a re-rating
July 13, 2015
Driving a re-rating

Indeed, June marked the 40th consecutive month of growth in the UK car market with over 250,000 vehicles sold, representing a 12.9 per cent increase year-on-year. Fleet registrations which account for half the overall market continue to drive growth with new registrations up almost 19 per cent in June alone and by 13 per cent over the course of the first six months of 2015. It's worth noting that registrations to private customers remain strong too, having risen by 6.6 per cent in June.

Although the SMMT says it now expects 'a flatter' period as the 'market finds its natural running rate', it's worth pointing out that the trade body has consistently underestimated demand over the past 18 months. It's likely to have done so yet again for a number of reasons.

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