Rupert Pontin, Head of Valuations, Glass’s, said:
“As predicted by Glass’s over a year ago, 2015 new car registrations have exceeded 2.6 million units which is fantastic news for the industry and demonstrates the strength of the UK market at this point in time. Growth will continue through 2016 and Glass’s expect a 3% increase during the course of the year as the economy continues to grow and consumer confidence extends further.
Total registrations for this year will be in the region of 2.71 million and the growth is likely to be driven by ever more appealing PCP schemes. The one word of caution is that as an industry we need to understand the impact of pre-registration and the effect it may have on used car values during 2016.”
