Fleet Insurance
Fleet Insurance
Fleet sales fall "modestly"
Fleet sales fell "modestly" in the car market in June, according to the Society of Motor Manufacturers and Traders (SMMT).
But providers of fleet insurance may be heartened to learn that sales of new cars for business use rose by 8.1 per cent, bucking an overall trend in declining private sales.
Overall, commercial car sales have risen by 7.7 per cent since June 2004.
In contrast, the SMMT said sales of new cars for private use had dropped by 4.8 per cent in the last year, with 227,623 new vehicles leaving UK showrooms last month.
New car registrations are also down 5.8 per cent year on year during the first half of 2005, at 1,296,485 sales.
The SMMT said MG Rover’s problems accounted for some 75 per cent of the net slowdown in second-quarter sales, with the number of new cars sold and built in the UK on the decline.
In quarter two, cars built outside the UK represented 83.4 per cent of the market, up from 81.7 per cent in both the first quarter of 2005 and Q2 in 2004.
"The new car market could not sustain the record levels seen in the first half of 2004," explained SMMT chief executive Christopher Macgowan.
Despite the overall market slowdown, the diesel market has also bucked the trend, with sales rising for the 57th consecutive month, in June.
Diesel sales rose by seven per cent in quarter two, compared to four per cent in the first quarter.
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