New vehicle buyers go to the surveys in positive mood as April registrations hit 10-year high

FIGURES launched by the Society of Motor Manufacturers and Traders on the morning the UK heads to the polls highlight a robust brand-new vehicle market, with registrations up for the 38th successive month in April.
Need increased by 5.1 percent to 185,778 devices-- the month's best efficiency considering that 2005. Year-to-date registrations for 2015 were up 6.4 per cent to 920,366.
April's strong performance, which follows a record first quarter for the sector, tracks a 12-year high for customer self-confidence and continues a pattern of development in brand-new car registrations around basic elections that goes back to 1979.
Demand in the period following today is anticipated to continue in line with this trend as new items, attractive finance deals and low rate of interest influence consumers and companies to offer the brand-new vehicle market their vote of self-confidence.
All however three of the past nine general elections have actually accompanied a spike in brand-new vehicle need in the three months instantly before and after ballot day. Notable exceptions were during the recessions of 1992 and 2010, while the 2005 election duration saw registrations dip as part of natural market readjustment after hitting peak volumes in 2002.
Mike Hawes, SMMT president, stated: 'Today's figures highlight the present strength of consumer confidence, even at a time of political uncertainty.
'We are confident that the UK's brand-new automobile market-- so symbolic of economic mood-- will continue to grow, but long-lasting success will depend largely on economic and political - cheap traders car insurance - stability in the months and years ahead.
'Whatever the result these days's election, the next government has to act quickly to promote financial certainty and assure consumers and markets.'.