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May 7, 2014updated 12 Apr 2017 3:58pm

Fleet new registrations exceed private in April

Fleet new car registrations have recovered market share in April as a return in business confidence helped the market grow 13% over the month to just under 85,000 vehicles, according to the Society of Motor Manufacturers and Traders (SMMT).

By Mike Cobb

Fleet new car registrations have recovered market share in April as a return in business confidence helped the market grow 13% over the month to just under 85,000 vehicles, according to the Society of Motor Manufacturers and Traders (SMMT).

The number of new cars sold in the UK continued to climb in April as the motor industry experienced growth of 8.2% over the month with total registrations climbing to 176,820.

Fleet registrations accounted for 48% of the market, overtaking private sales during the month.

For the year to the end of April, fleet sales still lag behind private sales after a slow start to the year, and fleet market share has decreased from 46.6% in 2013 to 45.3% despite an increase in fleet registrations of 9.6% year-on-year to 392,037.

April now marks the 26th consecutive month of growth in the new car market and in the four months to the end of April registrations have risen 12.5%, exceeding the SMMT’s original January estimate for 2014.

The figures also revealed that demand for trucks was subdued, with year-to-date sales down 24.8% compared to first quarter 2013, to 10,292 registrations. Similarly, truck sales fell 24.9% year-on-year in April, to 2,718.

Year-to-date, Van registrations were up 12.2% to 100,537. However in April, van registrations slipped 0.6% year-on-year to 20,620.

The SMMT have now revised up their estimate for the total sales for 2014 from 2.3 million vehicles to 2.4 million.

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