AutoProtect REVIEW of 2016
As 2016 draws to a close AutoProtect has revisited some of the biggest motoring news stories of the year and brings you up to date.
By the end of October new car registrations had risen year-on-year to 2.3M, up 2.5%. However, this growth was largely driven by fleet sales and private buyer activity falling very slightly. There also appears to be a growing upward trend in pre-registration activity with the BBC reporting that up to a fifth of new car sales are in fact pre-registrations http://www.bbc.co.uk/news/business-37795068. Looking ahead to 2017, the SMMT is forecasting new car registrations will fall to 2.544m units, 5.0% down on 2016’s forecast level of 2.678m. Into 2018 a further more modest fall is being anticipated.