New car registrations rise

Before people go ahead and buy a new vehicle, they often need to sell their current versions. If they have little experience of the market, they can be left wondering ‘what is my car worth?’ To help them get the facts, they can take advantage of special valuation services. This can provide them with greater peace of mind.

The number of individuals looking to replace their vehicles with new versions may be high at present. Figure produced by the Society of Motor Manufacturers and Traders (SMMT) suggest that the market is buoyant. It revealed that the new car industry posted its 12 successive month of growth in February.

New car registrations increased by 7.9 per cent to reach 66,749 units during the 28-day period. Meanwhile, registrations over the year to date rose 10.3 per cent to 210,392 units.

According to the SMMT, growth was boosted by private demand, with February securing the highest growth in this market since the end of the Scrappage Incentive Scheme in spring 2010.

Interim SMMT chief executive Mike Baunton said: “UK new car registrations have risen every month for the last year with February continuing the trend, growing 7.9 per cent year-on-year boosted by the highest increase in private consumer demand since spring 2010.

“However, February is traditionally a low volume month as motorists look forward to the plate-change in March, but attractive new car deals are sustaining the market. New models are delivering ever greater fuel efficiency, practicality, refinement, technology and predictable ownership costs, so motorists are seeing the benefit of new car purchases.”

Many people now head online when they want to find new cars. This can be an effective means of ensuring they have access to as many deals as possible.

Meanwhile, individuals wondering ‘how much is my car worth?’ can also use the internet to take advantage of a vehicle valuation.