There are many factors that influence the public’s interest in the latest and best car models to come on to the market. One such factor that is occasionally overlooked is the introduction of the latest registration plates.
Reports are coming in to suggest that interest in new cars has seen quite a substantial increase leading up to the new ’59 plate’ registrations, that will be available to own from the beginning of September 09.
Consumer confidence is said to be increasing at the moment, if only in small amounts. This upturn is reflected in the housing market where house prices rose by 1.2% during May. Generally, history shows that when the housing market sees a rise in prices, very often the sales of new cars will shortly follow suit.
The property boom of recent years has led to new car sales hitting record highs. Between 2001 and 2007, there were fewer than two and a half million new car registrations issued. When the housing market took a decline in 2008, it was inevitable that the sales of cars also took a decline, with only 2.13 million being registered.
This trend carried over into 2009, with car sales dropping down to 27.9%. However, things are starting to look up and we are maybe seeing the light at the end of the tunnel. Car dealers are reporting increased interest in new cars in their show rooms, so this could be indicative that the motor industry is on the rise again.
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