SMMT New Car Registrations: Approach to car buying almost back to pre-recession levels

Published at 11:15 AM on 05 February 2015

Commenting on the latest SMMT new car registrations figures released today, Phil Harrold, automotive partner at PwC, said:

"This 35th consecutive month of growth in the UK automotive market demonstrates the increasing confidence of both consumers and businesses. People are feeling empowered to make decisions on vehicles and we are almost back to a pre-recession approach to car buying. The significant increase in company car registrations shows that businesses are confident and willing to invest in their fleets – welcome signs for the automotive industry.

"The rise in registrations of alternatively-fuelled vehicles (AFVs) shows that consumers are becoming more and more comfortable with AFVs as a concept. With battery replacement cost and range still concerns for consumers, it will probably be a number of years before they become the mainstream but this is certainly the start of the rise of AFVs."

ENDS

Notes to editor

To speak to Phil Harrold or another of our automotive industry experts, please contact Hilary Downes on [email protected] or 07718 340113

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PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

Hilary Downes
PwC | Manager - Communications
Office: +44 (0)20 7213 4706 | Mobile: +44 (0)7718 340 113
Email: [email protected]
PricewaterhouseCoopers LLP
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About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

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