Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

New car sales up in November 2015

Published 04 December 2015

The Society of Motor Manufacturers and Traders (SMMT) has announced new car registration figures for November 2015, which are up 3.8 percent over November 2014. So far there have been 2,453,426 new cars registered in 2015, an increase of 6.2 per cent on the same 11 month period in 2014.

It has been reported that Volkswagen sales are down 20 per cent in November versus October, but it’s too early to tell if the drop in sales is a direct result of the diesel emissions scandal, since unaffected manufacturers including Citroen, Lexus, Fiat and Nissan saw similar reductions in sales volume in November 2015.

The best selling car in November was the Ford Fiesta, with 7826 registrations, though the Vauxhall Corsa was close behind with 7267 registrations. The Fiesta has a much bigger lead when it comes to year-to-date sales, though - 124,457 have been registered so far in 2015, versus 85,163 examples of the Corsa.

Mike Hawes, SMMT Chief Executive, said, “November’s figures come as a reminder of the strength of the UK car market, as low interest rates and competitive finance deals continue to attract consumers to new car ownership. We have been expecting a levelling-off in demand for some time now – a development that is being realised following an unprecedented three-and-a-half years of non-stop growth.”

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17

£186.05

48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH