eMaster™ Car Sales Increase Year On Year Despite March Registration Fall
The SMMT released the March 2019 registration figures earlier this week and unsurprisingly with the uncertain political background surrounding BREXIT and continued confusion over diesel, registrations were down 3.4% year on year.
Demand fell both in private and business sectors with registrations down by 2.8% and 44.8% respectively, while fleet was stable and up 0.3%. Continuing the trend of recent months, diesel registrations fell by 21.4% while petrol demand grew by 5.1% and alternatively fuelled vehicles grew by 7.6%.
Mike Hawes, SMMT Chief Executive, commented… “March is a key barometer for the new car market, so this fall is of clear concern. While manufacturers continue to invest in exciting models and cutting-edge tech, for the UK to reap the full benefits of these advances, we need a strong market that encourages the adoption of new technology. That means supportive policies, not least on vehicle taxation and incentives, to give buyers the confidence to invest in the new car that best meets their driving needs. Above all, we urgently need an end to the political and economic uncertainty by removing permanently the threat of a ‘no deal’ Brexit and agreeing a future relationship that avoids any additional friction that would increase costs and hence prices.”
In contrast eMaster™ users recorded an overall year on year sales increase of 6%, with some OEM clients recording figures significantly higher. Commenting, Andy Binns Managing Director eMaster Worldwide Sales said, “it’s very pleasing to see that users of our eMaster™ Finance Renewal software are yet again bucking the trend for registrations; and with some March sales still yet to be recorded, our final figure will be much higher than the 6% increase already reported. As a company FISC works very closely with its manufacturer partners and we have some very exciting new eMaster™ developments which we will be rolling our over the course of 2019, all designed to further increase finance renewals and customer retention.”