Deloitte comments on latest new car registration figures

Commenting on the latest car registration figures from the Society of Motor Manufacturers and Traders, which show a 9.6% increase to 79,060 units compared with August 2014, David Raistrick, UK manufacturing leader at Deloitte said:

“In a traditionally quiet month, the growth achieved in August is ahead of expectations. Indeed, August registrations have now exceeded the levels achieved in 2007 (77,000). This level has not been reached in the intervening years, even with the assistance of the Government scrappage scheme in 2009.

“Turning to the September numbers, which will include the new 65 number plate registrations, 2014 showed a phenomenal 425,000 vehicles registered. With such a strong August, manufacturers and retailers will be anticipating good sales figures in September. Expectations are high that the number of deals on offer will positively influence the retail market. However, with signs of growth slowing in both the service and manufacturing sectors, last year’s September numbers will be a hard target to beat.

“With a flat European and Global new car market, manufacturers will be keen to ensure that the September new plate opportunity is maximised. At the current rate of growth being achieved, full year sales look on track to reach between 2.55 and 2.6 million. That’s even if there is a quieter last quarter to the year.”

End

Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.