290111marketing projections for 2011
DESCRIPTION
Business user new car market will be stronger than the private retail market. Most new car private/retail sales will be on manufacturer schemes. Fleet departments in dealerships should see increased activity. New car finance for MIF will need to be corporate orientated – Contract Hire, Leasing, Lease Purchase etc. In the private user market – used cars offer the greatest growth for MIF. Conclusions Ref:29/01/11 Est. 1991TRANSCRIPT
Conclusions
Business user new car market will be stronger than the private retail market.
Most new car private/retail sales will be on manufacturer schemes. Fleet departments in dealerships should see increased activity. New car finance for MIF will need to be corporate orientated – Contract
Hire, Leasing, Lease Purchase etc. In the private user market – used cars offer the greatest growth for MIF.
Market Projections for 2011
Est. 1991
SMMT Forecasts:-
New car registration likely to be down by 4.8% to 1.928M.
New LCV registrations likely to be up by 5.3% to 232K.
New registered diesel cars will represent 46% of the 2011 market – down from 53% in 2007 as buyers trade down into smaller models.
New registered petrol cars will represent + or – 54% of the 2011 market.
65% of all new cars will be registered to a business user.
Only 35% of all new cars will be for a private user.
Ref:29/01/11