Glass’s forecasts March new car sales to rise 6%

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Glass’s is forecasting buoyant new car registrations in March, the most important sales month in the calendar.

The valuation guide said sales will rise 6% over March last year.

Carmakers are continuing to attract buyers with competitive PCP deals, while pushing product through the system with attractive quarter-end bonuses for dealers.

“March will be an interesting month. With offers in the market such as Fiat’s ‘Say No’ campaign which features no deposit and a three month repayment holiday, there are signs that manufacturers are already considering their market share targets seriously and any such deals can only facilitate new registrations,” it said.

“Given the current trajectory of the market, the Glass’s expectation is that registrations will amount to circa 420,000 units which would represent a year-on-year growth of approximately 6%.

 “The beginning of the year has shown that there is still momentum in new vehicle registrations.

 “March figures will help clarify if the slow-down in growth of private registrations is a temporary plate-change-facilitated pause in the UK success story, and will give indication of what can be expected for Q2 in 2014,” it said.