Car sales rev up in February 0

Maybe with it being a leap year that one extra day of sales really helped.

New car registrations in the UK hit a 12 year peak this February, with the latest figures from the Society of Motor Manufacturers and Traders (SMMT) revealing overall sales were the highest number for any February since 2004. The figures reveal overall sales were up by 8.4 percent from February 2015, with 83,395 vehicles registered but the figures also show many large scale manufacturers witnessed a decline in sales.

Car sales rev up in February

The Ford Fiesta remains the top selling car of the month – carrying on the car’s winning streak after just being announced Car of the Year last week – with the Volkswagen Golf cruising in second place and the Nissan Qashqai rounds out the top three. For the year-to-date sales, the Qashqai is second behind the Fiesta and ahead of the Vauxhall Corsa. Demand was up across all types of fuel, with diesel and petrol registrations going up 5.6 percent and 10.7 percent respectively, while alternatively fuelled vehicles benefitted from an increase of 19.9 percent.

However, it wasn’t all smooth driving for the industry as Vauxhall and Volkswagen experienced a 17.6 percent and 13.1 percent drop in February while Toyota saw a decline of 16.2 per cent. Other carmakers to witness a decline include Peugeot and MINI.

Mike Hawes, Chief Executive for the SMMT, reportedly claimed the figures were encouraging for the year ahead. He is quoted as saying: “February is typically one of the quietest months of the year, ahead of March’s plate change, but this positive performance is encouraging and puts the sector in a good position for the coming 12 months.”