September sees the launch of the new 71 registration plate and, with Covid restrictions being relaxed, it is forecast to be a strong month for sales.
September is traditionally the second biggest month for registrations, after March the other plate-change month.
This September is boosted by dealerships being open to customers again but there are still some supply issues with an ongoing shortage of semi-conductors which are used in vehicles’ electrical systems.
On a positive note, the electric vehicle market continues to get stronger and we are pleased to be playing our part with Credo Eco Finance which specialises in funding electric cars and vans and renewable energy.
In the first seven months of this year, pure battery electric vehicle (BEV) registrations were 117% up on January to July 2020 at 85,032, plug-in hybrid electric vehicles (PHEV) rose 151% to 68,107 and self-charging hybrid electric vehicles (HEV) increased 68% to 87,261.
The Society of Motor Manufacturers and Traders now estimates that BEVs will account for 9.5% of registrations by the end of the year and PHEVs 6.5% of the market. That equates to about 290,000 cars by the end of the year!
With the serious figures out of the way, let’s take a trip down motoring memory lane by turning the clock back 50 years to highlight some new models launched in 1971.
The star car was the Ford Cortina Mark III, a 1970s’ motoring icon that became the best-selling car of the decade in the UK.
Other big-name models that made their debut in 1971 included:
- Alfa Romeo Alfasud.
- Fiat 127.
- Maserati Bora.
- Mercedes-Benz SL.
- Morris Marina.
- Renault 15 and 17.
- Rolls-Royce Corniche.
Whether you are looking for a future classic or a commercial fleet, Credo has excellent finance rates for new and used vehicles. Finance packages are tailored to your needs and are quick and easy to arrange.
Call us on 01603 381955 or email firstname.lastname@example.org to discuss how we can help get you on the road to achieve your goals.
Courtesy of Credo Asset Finance – 25/08/2021