The UK has now experienced two years of consistent new car market growth following July’s 2.5% rise, data from the Society of Motor Manufacturers and Traders (SMMT) has revealed.
Like other months this year, July’s 147,517 deliveries were propped up by the 91,521 fleet sales, a rise of 13% in the same month in 2023.
The 11.1% year-on-year decline in private sales (to 53,356) means non-business deliveries now make up just 36.2% of the market. In mitigation, the SMMT the growing popularity of salary sacrifice purchasing will have contributed to this decline.
Despite the decline, the private sale of EVs did increase, albeit by a marginal 0.9%;
