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UK new car registrations down in Dec, hit record high in 2016

by ChemOrbis Editorial Team -
  • 05/01/2017 (16:29)
According to data from the Society of Motor Manufacturers and Traders (SMMT), new car registrations in the UK was down in December for the second time in 2016 by 1.1% to 178,022 but hit a record high in 2016, increasing for the fifth month in a row.

The data showed that the new car registrations increased 2.3% on a yearly basis to reach 2,692,786 units in 2016. The latest figure was reported to be in line with the expectations.

The data also showed that demand for alternatively fueled vehicles was strongly up by 22.2% in 2016 although diesel and petrol cars, which have a market share of 47.7% and 49% respectively, were still by far the mostly-preferred types of cars.

According to the data, the biggest growth was seen in fleets with 1.38 million units. In addition, the number of private buyers registering a new car in 2016 reached a record high with 1.2 million units.
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