A recent study of UK dealers by CAP found the majority, 46.3%, believe that 2016 will beat 2015 for new car registrations.
The new car market looks set to hit a record level in 2015 but dealer profitability certainly doesn’t, warns ASE Global chairman Mike Jones.
The UK new car market recorded its 42nd consecutive month of growth in August, albeit in one of the year’s quietest months, with a 9.6% rise, SMMT data shows.
New car registrations saw steady growth in July, according to the latest figures from the Society of Motor Manufacturers and Traders.
UK new car registrations grew 7% in the first half of 2015 to the highest half-year total on record.
Growth in the UK new car market is slowing, with May's registrations of 198,706 units only a 2.4% rise over the same month last year.
There are a number of key factors that can demonstrate the depth of confidence that is showing in the used retail market and the impact of the new car market
Pendragon forecasts the UK’s new car and used car markets to remain in growth in 2015.
April's new car market ended up 5.1% year-on-year at 185,778 registrations, the strongest April result in a decade.
The exit of the Chrysler brand from the UK will be managed steadily, now that holders of the franchise have received two years notice of contract termination.
The volume of point-of-sale motor finance sales grew by 5% in February to more than 133,000.
Nearly half a million new cars were registered in the UK during the crucial March 2015 plate-change month.
