Fleet market drop hits car sales figures
Friday 06 October 1995
Economic problems facing the UK motor industry were underlined yesterday with figures showing that new car sales fell last month because of a decline in the fleet market.
Despite some evidence of improved sales in the retail market, the industry doubts whether the rise can be sustained and called for help from next month's budget.
Ford suffered a big drop in market share, as total UK sales fell 3.4 per cent to 140,069 in September against the same period last year, according to the Society of Motor Manufacturers and Traders.
The figure took total sales for the year so far to 1,594,166 - just 0.37 per cent ahead of the January-September total in 1994.
Ernie Thompson, SMMT chief executive, said: "There is evidence of some renewed interest in the private sector, but this is offset by a decline in the fleet market."
He added: "Despite suggestions that the August total had been distorted by pulling registrations forward, September looks better than might have been expected. However, the year-to-date total demonstrates that there is little growth in the market overall and this continues to worry both manufacturers and retailers."
Neil Marshall, director at the Retail Motor Federation, believes the small rise in retail sales in September was due to delayed purchases from the annual August registration change, and would not continue.
He said: "The market has stalled in September after a tough August. The Chancellor really must do something to put zip into the market. The fiscal noose around the consumer should be loosened."
Ford saw its market share slip to 18.72 per cent last month, compared to 21.69 per cent in August and an average of 21.52 per cent so far this year.
The company blamed the fall on distortions caused by the August registration change and ending of promotional offers during that month.
Ford had been accused of rushing through thousands of registrations at the end of August to keep up its market share, something which could not be sustained in September. However, the company denied this.
Rover, after a disappointing August, took 13.62 per cent of the market and managed to get both its Rover 100 and 200 models in the top ten sellers' list.
Jaguar also had a good month - selling 728 cars compared with 416 in September 1994.
- 1 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 2 Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
- 3 Giorgio Armani criticises the way some gay men dress saying 'a man has to be a man'
- 4 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
- 5 Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
'Jihadi John': Isis executioner Mohammed Emwazi wanted to wage jihad in Somalia until his friends were betrayed and killed by al-Shabaab
Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£30 - 35k (DOE): Guru Careers: We are seeking a Pricing Analyst with experienc...
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£21000 - £24000 per annum: Ashdown Group: The Ashdown Group has been engaged b...