UK consumers are still buying cars
Despite the financial pressures facing consumers in the UK, it seems many people still have an appetite for buying cars. These days, there are lots of vehicles for individuals to choose from and they can make the most of guaranteed car finance arrangements.
Being able to access car finance like this can help to make individuals’ lives easier. As long as they know where to look, they should be able to find suitable cars on finance.
According to figures released by the Society of Motor Manufacturers and Traders (SMMT), new car registrations grew by 0.1 per cent in August. During the 31-day period, a total of 59,433 units were sold around the country.
Meanwhile, the market increased by 3.3 per cent between January and August and a total of 1,260,997 cars were registered over the eight months. The SMMT also predicted that sales will be strong this month. September is traditionally the second busiest month after March.
UK-built cars were popular with consumers, with sales of these vehicles increasing by 9.4 per cent in August and by 11.9 per cent over the year-to-date.
It was also noted that the Ford Fiesta was the best-selling model in August and over the year so far.
Commenting on the figures, SMMT chief executive Paul Everitt said: “New car registrations remained broadly stable in August, up 0.1 per cent on a year ago to 59,433 units. August traditionally represents a small share of the new car market as motorists anticipate the arrival of the new 62-plate in September.”
He added: “The economic outlook remains challenging, but vehicle manufacturers and dealers are working hard to sustain demand and deliver great value products and services to customers.”
Of course, not everyone chooses to get a new vehicle. Many people opt to buy second-hand cars on finance. This is a more affordable approach and these days there are impressive guaranteed car finance agreements available.
By taking advantage of car finance, consumers often find it easier to get the vehicles they want.
