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Peak car

On both sides of the pond a record number of motor vehicles were sold in 2016. The UK's Society of Motor Manufacturers and Traders reported sales up 2 per cent to 2.69m units; pent-up demand since the financial crisis causing five consecutive annual increases. In the US 18.2m cars and light trucks were snapped up, consumers helped by attractive financing deals. Sales of large cars dropped 44.7 per cent over the past 12 months while SUVs continued to grow in popularity, up 21.6 per cent.

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By Nicole Elliott,
13 January 2017

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