Last month, half a million new car owners flocked to the U.K. vehicle registration offices, which set a new staggering record for that number of new cars registered in a month. Figures reported by the Society of Motor Manufacturers and Traders (SMMT) revealed up to 518, 707 cars were filed for registration on March this year.
The figures indicated an increase of 5.3 percent for the same month last 2015. To add, this year calls for new 16 number plates, according to Car Magazine UK. Great Britain showroom sales have continued to rise steadily and the record added by last month's numbers gave way to 771,780 new car registrations.
The SMMT also noted on many brands reporting record high sales for the quarter alone. For instance, the Jaguar Land Rover, registered up to 25,127 vehicles sold for March this year, and that is a new car getting purchased every 2 minutes!
Kia Motors, on the other hand, also recorded strong with 16,207 in sales. However, the Ford Fiesta is still the British favorite - garnering 36,327, putting it in the first place.
SMMT also observed a rising increase in the demand for vehicles running on alternative fuel, at 21.5 percent for the month, as consumers are leaning further towards low emission-type vehicles as well as low running costs. Diesel cars registered at 4.8 percent, and petrol cars at 4.7 percent, respectively.
Business and private registrations recorded an increase of 15.3 percent and 3.8 percent, respectively. Fleet sector demand went up 6 percent, as more buyers went after optimizing residual numbers in favor of the new March plate.
Chief Executive Mike Hawes said that the auto sector's strong growth last March showed off a "robust" first quarter with UK customers showing more appreciation for low emission vehicles. "This consumer confidence should see registrations remain at a high but broadly stable level over the year but could be undermined by political or economic uncertainty," added Hawes.
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