Car finance experts Car Loan 4U comments on the latest figures for new car registrations

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The UK’s number one online car finance specialist Car Loan 4U comments on new car registrations rising for the 18th consecutive month.

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It’s always encouraging to hear that new car registrations are on the rise, but for it to hit an 18th consecutive month is extremely pleasing news for the car industry in the UK.

New car registrations in the UK have increased for the 18th consecutive month in August 2013 with a growth of 10.9% year-on-year.

This has seen 65,937 units sold in August and a sharp rise for private registrations and significant growth for alternatively-fuelled vehicles which are up by 41.4%.

There has now been a yearly total of 1,391,799 new car registrations, with the Ford Fiesta still standing as the most popular model with 75,418 units sold to date, followed in second and third spot by the Ford Focus and Vauxhall Corsa respectively.

Car Loan 4U Director Ryan Dignan, comments:

“It’s always encouraging to hear that new car registrations are on the rise, but for it to hit an 18th consecutive month is extremely pleasing news for the car industry in the UK.

“With a total of almost 1.4 million new cars sold so far this year and a 10.4% increase on the first eight months of 2012, it reads even better and it’s also good news to see that alternatively-fuelled vehicles have seen an improved uptake.

“With the new 63-plate change around the corner for September, hopefully sales of new cars will continue to rise.”

Motorists looking to get their hands on a new or used car might want to consider their car finance solutions and as leading car finance providers, Car Loan 4U can help provide expert advice.

Car Loan 4U offers a wide range of car finance deals regardless of the customer’s history or circumstances to give a fast decision on loan applications for new and used cars, which can be underwritten, approved and paid in just 30 minutes.

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David Sargant
Carloan4U.co.uk
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