SMMT report the 2.48 million new UK registered in in 2014 was the most in a calendar year since 2004.
The total was the fourth largest of all time, beaten only by 2002, 2003 and 2004, as the UK market grew 9.3% over 2013 against an EU average of 5.7%. Every month in 2014 saw an increase as December’s 8.7% rise marked the 34th consecutive month of growth. Plug-in car sales increased fourfold to 15,000.
Mike Hawes, SMMT Chief Executive, said, “UK new car registrations returned to pre-recession levels in 2014, as pent-up demand from the recession years combined with confidence in the economy saw consumer demand for the latest models grow consistently and strongly.
“The year was particularly strong for alternatively-fuelled vehicles as increased choice, coupled with a growing desire for reduced costs and greater efficiency, resulted in a quadrupling of plug-in car registrations over 2013. With a variety of new plug-in models expected in 2015, this area of the market will continue to grow significantly.”
SMMT and others forecast that demand will ‘level off’ during 2015.