BREXIT means Brexit does it? The problem is no one actually knows what any of this political furore really means. However, the car industry is pinching itself after August’s and Septembers figures after fearing the worst. At Silverstone we didn’t expect the referendum result and we certainly didn’t expect a rise in lease sales either.
Well, you can’t say 2016 hasn’t been an interesting year.
Post Brexit referendum, it looked like manufacturing, services and the car industry was going to put four paws in the air and die. But no, guess what?
BREXIT means Brexit does it? The problem is no one actually knows what any of this political furore really means. However, the car industry is pinching itself after August’s and Septembers figures after fearing the worst. At Silverstone we didn’t expect the referendum result and we certainly didn’t expect a rise in lease sales either.
Well, you can’t say 2016 hasn’t been an interesting year.
Post Brexit referendum, it looked like manufacturing, services and the car industry was going to put four paws in the air and die. But no, guess what? Registrations of new cars are up by a whopping 3.3 per cent. It seems that no matter what happens politically, no one can resist a new car. This is especially true for fleet buyers who want the latest vehicles and know that a new fleet will save them money, time and maintenance hassle.
Deals, finance and sales.
That doesn’t mean there haven’t been numerous deals and attractive purchasing options to promote such sales. But whatever has gone on, just over 43, 00 deals were struck. Attractive finance deals have promoted a rise of almost eight per cent. This is really exciting for car drivers and the car industry itself. Although it’s difficult to make any long term forecast from just one month’s figures.
Are we out of the gloom?
Does that mean all the post Brexit doom and gloom is over? Probably not, it will probably rumble on forever. But it does seem the ordinary car buyer is thinking carefully before committing. This group only bought 81,640 vehicles during September. This represents a drop of 0.2 per cent. It could have been so much worse of course.
If the grey pound is as strong as we imagine then decisions are made, regardless of long-term future or economics. If you’re of an age, you have the money and you fancy a new car then the time is probably always going to be right now.
The only toxic cloud on the horizon is the diesel car. Following their bad press then inevitably people are changing their minds about this type of fuel. With further revelations on harmful particulates in the air that might cause Alzheimer’s disease then the move away from diesel will be significant.
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