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Car Market has started with positive growth for 2013


The car market in Britain has started 2013 with positivity and health, with new car registration plates rising by 11.5% in comparison to the same month of last year. The Ford Fiesta is still in the number one spot as the Nation's favourite and best seller and is followed by the Focus and the Vauxhall Astra.

143,643 cars were registered in total in January which was assisted by a 15.9% increase in private registration plates throughout the month. This has proved to be an encouraging start to 2013 for the car making industry and has prompted The society of motor manufacturers and traders to change it's forecast to show a modest growth for 2013. This is a confident start to the car market's year, explained the Interim Chief executive of the SMMT Mike Baunton.

Due to the rises in private registration demands, the car market was able to post it's 11th consecutive month of growth due to motorists being attracted to forecourts and dealerships because of the latest models and the competitive deals that have been on offer. SMMT have increased the market forecast, from building on strong performances last year in 2012 and there should be a significant rise over the year, followed by even bigger growths for 2014.

There was also a healthy increase with registrations for alternatively fuelled cars, with electric vehicles and also hybrids rising by around 7.9% each year.

It has however been stated that market share overall remains rather low with these alternatively fuelled vehicles which now accounts for around 1.6% of the overall car market, which is compared to 50.7& for diesel vehicles and 47.7% for petrol.