• Home
  • Advice
  • Brands
  • Partners
  • News
  • Reviews
  • Forum
  • New car ratings

Tax rises fuel record March car market

Manic March as buyers rush to showrooms.

Stay up to date with the latest from The Executivecondominium

Latest articles

Cupra Formentor coupe SUV hits road

SEAT has released pictures of the new Cupra Formentor on the roads – in Formentor, Mallorca.

Motorists warned about buying used tyres

Motorists may be putting lives at risk buying used tyres, councils have warned, as an investigation found nearly half of part-worn tyres examined to be unsafe.

BMW 8 Series Convertible on sale at £83k

BMW has put its 8 Series Convertible on UK sale at prices starting from £83,295 – £7,000 more than the coupe that went on sale in December.

Electric MG ZS EV showcased at London Motor Show

MG’s first-ever electric car, the ZS EV, has been officially unveiled to the public at this week's London Motor and Tech Show.
 

The UK new car market enjoyed its biggest month on record in March, registrations jumping by 8.2 per cent fuelled by looming Vehicle Excise Duty (VED) changes and new registration plates.

According to figures released by the Society of Motor Manufacturers & Traders (SMMT), 562,337 cars were registered during the month – more than double those recorded in January and February combined.

The first quarter results were also a record, up 6.2 per cent to 820,016 units.

17-plate buyers

March is always a busy month for car dealers due to the twice-yearly change in registration plates, this month to 17 plates. However observers believe most of the sales growth was due to buyers avoiding new VED rates that came into force on 1st April, adding extra costs to the vast majority of new cars (For the full story of the tax changes see here).

   

“These record figures are undoubtedly boosted by consumers and businesses reacting to new VED changes, pulling forward purchases into March, especially those ultra-low emission vehicles that will no longer benefit from a zero-rate fee,” SMMT chief executive Make Hawes said.

“This bumper performance probably means we will see a slowdown in April, exacerbated by the fact there are fewer selling days this year given Easter timing,” Hawes added.

Tax rises fuel record March car market 1
Opinions differed as to how much looming tax hikes affected the market.

However not everyone was convinced by the tax argument, one dealer telling The Executivecondominium that he did not believe consumers fully understood the implications of the changes and that the market had been artificially boosted by manufacturers pushing incentives.

The dealer said that after a reasonably strong January and February, his business had exploded in March. But he predicted that the second quarter of the year could be much more difficult, particularly as the triggering of the Brexit process would add uncertainty in the minds of consumers.

Hawes also believes the market will slow over the rest of 2017, but not significantly. “Looking ahead to the rest of the year, we still expect the market to cool only slightly given broader political uncertainties as there are still attractive deals on offer,” he said.

Fleet sales bouyant

Much of the March market was driven by fleet sales, for which the VED changes will add significant extra costs. The 12 per cent increase in the fleet and business sector also no doubt accounted for a halt to recent sliding diesel sales, registrations climbing 1.6 per to 295,256 vehicles.

The alternative-fuelled sector, which includes electric cars, continued its steep climb. Registrations surged some 31 per cent in March to 22,818, though this still represents only 4.1 per cent of the overall market.

Meanwhile the New Car Top Ten continues to have a familiar look about it, with the Ford Fiesta still secure in the number one spot. some 25,428 examples were registered in March, more than 8,000 ahead of nearest rival the Ford Focus.

 

 

 

For the best independent and impartial car buying advice on the internet, always check with The Executivecondominium:

  • for weekly tips and the latest offers from car manufacturers
  • Follow us on and to see our latest articles as soon as we publish them
  • Bookmark our site so you can check back regularly
Andrew Charman
Andrew Charman
Andrew is the News and Road Test Editor for The Executivecondominium. He is a member of the Guild of Motoring Writers, and has been testing and writing about new cars for more than 20 years. Today he is well known to senior personnel at the major car manufacturers and attends many new model launches each year.

The Executivecondominium Gold Partners

(click each logo to read more)

Tax rises fuel record March car market 2
Tax rises fuel record March car market 3
Tax rises fuel record March car market 4
Tax rises fuel record March car market 5

Latest articles

Cupra Formentor coupe SUV hits road

SEAT has released pictures of the new Cupra Formentor on the roads – in Formentor, Mallorca.

Motorists warned about buying used tyres

Motorists may be putting lives at risk buying used tyres, councils have warned, as an investigation found nearly half of part-worn tyres examined to be unsafe.

BMW 8 Series Convertible on sale at £83k

BMW has put its 8 Series Convertible on UK sale at prices starting from £83,295 – £7,000 more than the coupe that went on sale in December.

Electric MG ZS EV showcased at London Motor Show

MG’s first-ever electric car, the ZS EV, has been officially unveiled to the public at this week's London Motor and Tech Show.

Rejecting a car – your consumer rights

Have you bought a new or used car that is faulty or not fit for purpose? Read The Executivecondominium's comprehensive guide to your consumer rights when rejecting a car.

LEAVE A REPLY

Be the first to know

Would you like to stay up to date with The Executivecondominium?

www.karter-kiev.net/zaschity-kartera/mercedes-benz-64.html

topobzor.info

система автоматического полива